Forex Opinion & Analysis

US Federal Reserve Monetary Policy Announcement – Short Term Outlook for USD Pairs Mixed?The US Federal Reserve will announce its decision on the official interest rate at 19:00 GMT today with...

EUR/USD The euro extended recovery rally off 1.1096 low, to probe above 1.14 barrier, with fresh high being posted at 1.1421, where descending daily Tenkan-sen line capped rally. Near-term studies...

The strongest currency of the Asian session today was the Australian dollar, which rose past the key psychological 80 cent level against the dollar on news that consumer prices during the fourth...

EUR/USDThe euro was steady against the dollar on Tuesday, after recovering from an 11-year lowest point in the previous session as investors began turning their attention to Wednesday’s Federal...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.12% against the USD to close at 0.7931.LME Copper prices rose 1.22% or $67.0/MT to $5557.0/MT. Aluminium prices rose 1.60% or $29.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.63% against the CAD to close at 1.2397.In the Asian session, at GMT0400, the pair is trading at 1.2433, with the USD trading 0.29% higher from...

For the 24 hours to 23:00 GMT, the USD weakened 0.57% against the JPY and closed at 117.77.In economic news, Japan’s small business confidence index eased to 46.3 in January, compared to a level...

For the 24 hours to 23:00 GMT, the GBP rose 0.68% against the USD and closed at 1.5187, as investors shrugged off Britain’s disappointing 4Q GDP data. The UK GDP advanced 0.5% in Q4 2014 on a...

Talking Points: USD/CAD Technical Strategy: Flat Support: 1.2311, 1.2193, 1.2002 Resistance: 1.2502, 1.2590, 1.2792 The US dollar may have formed a top against its Canadian namesake marked by...

Talking Points: NZD/USD Technical Strategy:Short at 0.7783 Support: 0.7420, 0.7275, 0.7130 Resistance:0.7520, 0.7599, 0.7680 The New Zealand dollar declined as expected against its US...

Talking Points:AUD/USD Technical Strategy: Flat Support:0.7855, 0.7751, 0.7623 Resistance:0.8031, 0.8137, 0.8256 The Australian Dollar rose against its US counterpart as expected after prices produced...

Talking Points:EUR/JPY Technical Strategy: Flat Support: 133.00, 130.13, 128.25 Resistance:134.77, 137.64, 139.95 The Euro may have formed a bottom above the 130.00 figure against the Japanese Yen...

Good morning. Hope all is well. We have had a good forecast for yesterday with a 86% accuracy. Except for GBP/USD all pairs behaved close to how we have thought possible. As expected Japanese Yen also...

The USD/JPY has been trending slowly downwards on the charts for some time, and markets have been noticing these movements. Yesterdays failed test of the trend line lead to some hard selling for the...