Forex Opinion & Analysis

AUD/USD for Thursday, July 31, 2014The Australian dollar is presently trying to rally and stay above the support level at 0.9300 after its sharp fall in recent hours which saw it move from near 0.9400...

EUR/USD: Longer-term charts suggest potential for a sizeable retracement over coming weeks, but near-term has also found support to suggest retracement. Medium-term trend is clearly bearish.

I have suspected the weekly charts are amid a topping pattern but the daily timeframe has provided few clues to back this up. However recent price action suggests this is quickly changing.Home...

EUR/USDOpen 1.3393 High 1.3416 Low 1.3366 Close 1.3394On Wednesday the EUR/USD decreased with 50 pips. The European currency depreciated from 1.3416 to 1.3366 yesterday, matching the negative money...

BIAS: While 1.6927-32 caps we should see further losses to 1.6844-72 - take careResistance: 1.6927-32 1.6954 1.6965-75 1.6993Support: 1.6905 1.6888 1.6872 1.6844-57MAIN ANALYSIS: Losses did move down...

I began the day thinking that, perhaps, we’d see a new high in the Dollar with classic Dollar bearish divergences and all would be well with the world. Well yes, we did see a new high,...

Federal Open Market Committee (FOMC) Widely Expected to Deliver Another $10B Taper Will We See a Greater Dissent as the Fed Sees QE Ending in October? Trading the News: Federal Open Market Committee...

The shaky Canadian dollar continues to lose ground on Wednesday. USD/CAD, propelled by an outstanding US GDP report, has pushed over the 1.09 level. Elsewhere in the US, ADP Nonfarm Payrolls softened...

The euro hit an eight-month trough against the dollar EUR/USD on Wednesday and German bond yields were at record lows ahead of inflation data expected to boost the case for further European...

EUR/USDThe pair saw a relatively mundane start to the session after hovering around the 1.3400 before eventually breaking below this level after taking out a touted option barrier and succumbing to...

CALENDAREUR/USD Economic growth accelerated more than expected in the second quarter and the decline in GDP in the previous quarter was less steep than previously estimated. GDP growth amounted in the...

Currently the EUR/NZD is at 1.5761. We are looking for a continuation to third wave R5 area at 1.5838 before a correction. The average daily true range (ATR) for the pair currently is 82 pips.

USD/JPY continues to post gains on Wednesday, as the pair has climbed to the low-102 range. The yen has been struggling, and has surrendered about 100 points in just over a week. On the release front,...