Forex Opinion & Analysis

We seem to have had a bit of a turmoil on our yesterday’s forecast, basically most pairs except for EUR/USD didn’t conform to our prediction. This was mainly due to both US and JPY...

EUR/CHF recently reversed up from the lower support trendline of the daily Rectangle chart pattern that was previously identified by Autochartist – as you can see from the following trade...

GBP/USDOpen 1.7088 High 1.7144 Low 1.7062 Close 1.7081On Monday the GBP/USD decreased with 75 pips. The Cable depreciated from 1.7144 to 1.7068 yesterday, in converse with the positive money flow...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.11% against the USD to close at 0.9395.LME Copper prices marginally rose or $3.5/MT to $ 7154.5/MT. Aluminium prices rose 0.9% or $ 16.5/MT to $...

For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD to close at 1.0714.On the macro front, the Teranet and National Bank of Canada reported that housing price index in Canada on a...

For the 24 hours to 23:00 GMT, the USD declined 0.06% against the CHF and closed at 0.8918. In the Asian session, at GMT0300, the pair is trading at 0.8922, with the USD trading marginally higher from...

For the 24 hours to 23:00 GMT, the GBP fell 0.19% against the USD and closed at 1.7089.In the Asian session, at GMT0300, the pair is trading at 1.7079, with the GBP trading 0.06% lower from...

For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.3621. Yesterday, the ECB Chief, Mario Draghi expressed concerns over a stronger Euro and urged that it would hurt the...

AUD/USD: downside bias through .9360 for .9340/30 areaNarrow range activity to start the week, as we had expected and flagged, within the erratic outside pattern Thursday and a range to maintain a...

The economic calendar for tomorrow is full with events that will have an impact on Forex majors:USD: Retail Sales (12:30 GMT), Fed Chair Yellen Testifies (14:00 GMT) EUR: ECB Draghi speaks (17:00 GMT...

The following table lists the key economic data and other events that are due out during the week of July 14th–July 18th, with release times displayed for the GMT time zone. The list also...

EUR/USD (daily chart shown below) has settled between two major support/resistance levels with a currently bearish trend bias.Starting off the new week trading around the 1.3600 handle, the currency...

EUR/USDOpen 1.3619 High 1.3641 Low 1.3594 Close 1.3616On Monday the EUR/USD increased with 45 pips. The european currency appreciated from 1.3594 to 1.3641 yesterday, matching the positive money flow...

Shakespeare may have written, “This blessed plot, this earth, this realm, this England,” for a glorifying soliloquy by King Richard II, but even words cannot sustain the Pound on its...