Forex Opinion & Analysis

Talking PointsUSD/CAD Technical Strategy: Longs Preferred Absence of Bearish Signals Suggests Gains May Continue Daily Close Above Nearby Resistance To Open 1.1040 The USD/CAD is within striking...

Talking PointsAUD/USD Technical Strategy: Shorts Preferred Harami Offers Bullish Reversal Signal Near 0.9320 H4 Demonstrates Absence of Key Bearish Patterns The Australian Dollar threatens a push...

Talking PointsGBP/USD Technical Strategy: Sidelines Preferred Piercing Line Pattern May Find Limited Follow-Through Psychologically-Significant 1.6900 Hurdle Looms Nearby The GBP/USD’s push off...

CALENDAR EUR/USD Eurozone PMI Composite index rose to a three-month high of 53.8 in July, up from 52.8 in June, but below a flash estimate of 54.0. The PMI Services index totaled 54.2, which was...

Never underestimate the resilience of the GBP bulls, their ability to creep out from the woodwork and put up a fight to regain control is admirable. The GBP/USD just received a 40 pip boost following...

Market BriefFX markets have shifted into a sideways range, not following Asian equities risk-off behavior. Wall Street was able to rally yet Asia is currently marginally lower. Overall, the post...

EUR/USDCurrent level - 1.3407 The intraday outlook here remains positive above 1.3400 support, for a rise towards 1.3502 important resistance. USD/JPYCurrent level - 102.56 The consolidation pattern...

Forex News and Events: RBA comfortable for now As was widely anticipate the RBA left the cash rate unchanged at 2.50%. The RBA retained its neutral bias and reiterated forward guidancestating,...

Currencies The euro dropped down to 1.3408 against dollar. The euro remains under pressure as the European Central Bank (ECB) meets this week while the president of the ECB, Mario Draghi, might loosen...

Currency pair USD/JPY as expected, has not given an opportunity to enter the market after spending all day in the correction. The trading range was about 34 pips. Low mark while not entering into a...

EUR/USD: Could still recheck the high 1.34s European (Markit) PMI and the US ISM are the main distractions for the day. Until then, the intraday stretches now at 1.3375 & 1.3465 may well contain...

The euro and the yen have been facing similar problems and how they have been handled through respective monetary policies has led to the current bearish trend between the pair that looks likely to...

If you have been watching the Australian dollar move on the charts lately, it has been a little confusing and at times going against market consensus, or even the Reserve Bank of Australias (RBA)...