Forex Opinion & Analysis

The dollar continues to pull back from recent rally as it lacked stimulus for further rise. The dollar index is now at around 82.3 level after surging to as high as 82.72 earlier this week. The...

UP NEXT: EUR: With ECB now not expected to act next week with extra stimulus, EURUSD may continue to rebound from the lows. Considering this we could assume that even mediocre news from Europe...

GBP/USD Open 1.6573 High 1.6606 Low 1.6535 Close 1.6574On Wednesday GBP/USD increased with 70 pips. The Cable depreciated from 1.6535 to 1.6606 yesterday, in line with the positive money flow...

EUR/USD The euro regains strength in the near-term action, as corrective attempts off fresh low at 1.3149, extended to 1.3220, last Friday’s low and the first break point. Hourly studies turned...

Market BriefFX markets were subdued in the Asian session as USD lost some ground on further profit taking. Regional equity indices were in the red as the Nikkei fell -0.48%, the Hang Seng dropped...

US Dollar Index: Starting to correct the stretch. The greenback has during the past week been “stretched” (outside both the 233d as well as the 55d Bollinger bands) to an extent that we...

Investors benefitted from the greenback's rally on Tuesday and retrieved their gains. Soon after, the U.S. Dollar slumped against the majority of its Forex peers, especially as no key U.S. economic...

USDCAD bear biasA deeper correction than expected through support at 1.0872 and 1.0857 for a notable top and more bearish shift.This leaves downside pressures now into month-end and threat for a move...

The Euro has recovered quite a bit of ground against the GBP over the course of August but the formation of a triple top could signal a reversal of the Euro’s fortunes. It is no secret that the...

Fear not, there is not a lunatic on the loose. A couple of things happened in Canada yesterday that saw a solid breakout for the Loonie (the nickname for the Canadian dollar) against the USD. These...

Germany Unemployment to Contract for Second Consecutive Month. Jobless Rate to Hold at Annualized 6.7% for Six Straight Months. Trading the News: German Unemployment Change Germany’s...

 Talking Points:EUR/USD Continues to Break Psych/Fib Levels Daily Volume Reaches Two-Month Highs as Euro Moves Lower 1.3200 Resisting EUR/USD Advances on Short-Term Charts Approximately...

EUR/USDThe euro held steady against the U.S. dollar on Wednesday, still hovering close to 11-month lows although earlier comments by German Finance Minister Wolfgang Schauble lent some support. The...

EUR/JPY: INTRADAY CHART BIAS: Look for losses to 136.70-74 for a correction and later to 136.40-51Resistance: 137.11 137.29-41 137.66-70 138.00Support: 136.89-93 136.70-74 136.40-51 136.13MAIN...