Forex Opinion & Analysis

USD/CAD bullish extension theme We have remained bullish into mid-month, but had looked for a brief consolidation theme before bullish pressures resurfaced. Wrong. Better support at 1.0885/75 has...

Talking PointsUSD/CAD Technical Strategy: Flat Support: 1.0985, 1.0934, 1.0859 Resistance: 1.1043, 1.1085, 1.1138 The US Dollar renewed the upward march against its Canadian counterpart, rising...

Talking PointsEUR/GBP Technical Strategy: Flat Support: 0.7941, 0.7889, 0.7864 Resistance: 0.8033, 0.8074, 0.8136 The Euro remains mired in a familiar range against the British Pound after finding...

Talking PointsAUD/USD Technical Strategy: Short at 0.9186 Support:0.9085, 0.8955, 0.8826 Resistance: 0.9195, 0.9264, 0.9362 The Australian Dollar continues to sink against its US counterpart, with...

Talking PointsEUR/JPY Technical Strategy: Flat Support: 138.02, 136.38, 135.70 Resistance: 138.79, 139.74, 140.69 The Euro has seemingly overturned a six-month down trend against the Japanese Yen...

Talking PointsNZD/USD Technical Strategy: Flat Support: 0.8144, 0.8082, 0.8006 Resistance:0.8206, 0.8283, 0.8330 The New Zealand Dollar is working on the fifth consecutive decline against its US...

Talking PointsDollar Looks to Fed to Secure Strongest Run in Half a Century British Pound Edges Higher as Market Digests Shift in Scotland Sentiment Euro Focus Still on ECB Policy, But...

Talking PointsUS Dollar Aims to Extend Gains as Data Fuels Fed Tightening Speculation Australian Dollar Underperformed Amid Risk Aversion in Overnight Trade A quiet economic calendar in...

The Thursday session starts out with a fairly light amount of economic announcements coming out of Europe, with the Spanish CPI number coming out, but probably not having much impact. There is...

EURUSD Daily Analysis: The single currency remained in its 1.2990-1.2859 range yesterday, forming a potential inverse head and shoulders (head at 1.2959, neckline at 1.2990). The bullish RSI...

The U.S. Dollar remained strong against the majority of its Forex peers as demand for the American currency was supported by forecasts for an early increase of the benchmark interest rate. The Dollar...

For the 24 hours to 23:00 GMT, the AUD weakened 0.63% against the USD to close at 0.9104.LME Copper prices declined 0.99% or $ 68.5/MT to $ 6829.0/MT. Aluminium prices declined 0.50% or $ 10.0/MT to $...

For the 24 hours to 23:00 GMT, the USD rose 0.83% against the CAD to close at 1.1036. The CAD lost ground, after the nation’s new housing price index remained flat, on a monthly basis in July,...