Forex Opinion & Analysis

Market BriefThe week opens in a quiet fashion after an eventless Friday afternoon and low volumes due to US holiday. In the absence of leading event/data, we expect the FX markets to trade on...

Market Drivers for July 07, 2014 German IP declines sharply EU Sentix Investor confidence rises Nikkei -0.37% Europe -0.37% Oil $103/bbl Gold $1315/oz. Europe and AsiaAUD: AIG Construction Index 51.8...

US rate hike seen less distant after bouncy ISM Fed's benchmark spending spree hurting liquidity Traders eschew fundamentals to take cues from central banks We closed last week with a...

EUR/USDCurrent level - 1.3595 There is a sign of a minor reversal at 1.3575 intraday low and the intraday outlook is bullish, for a break through 1.3600, en route to 1.3640. The latter should cap the...

Friday’s markets were largely dead with the US celebrating Independence Day and, to be honest, we expect a similarly quiet session today. That being said, we are seeing a little bit of USD...

EUR/USD The pair dropped yesterday after failing to breach 1.3705. Currently, the pair is moving to the downside, and the bearishness extent is related to breaking 1.3520 and 1.3500, whereas breaking...

The Australian dollar is trading lower against the US dollar. The AUD/USD pair managed to break an important bullish trend line and support area to trade lower. I think that particular break was a...

Market CommentaryThe US Dollar is trading mixed bag wherein the Greenback continued to depreciate against the Common currency, the Aussie and the Swiss Franc whereas the Pound is still hanging around...

EUR/USDHeading for the key support test: The pair continued to drift lower on Friday and a test of the 1.3565/75 key support is coming close. We however still believe that there’s an ample...

EUR/USDRisk reward: 1.12Trend: DownSell at 1.3589 SL 1.3621 TP 1.3553USD/JPYRisk reward: 0.81Trend: NeutralBuy at 102.05 SL 101.73 TP 102.31GBP/USDRisk reward: 1.50Trend: DownSell at 1.7157 SL 1.7189...

EUR/USD The euro ended the week in red, falling off 1.3699, 01 July upside rejection and closing Friday’s trade below psychological 1.36 support. Fresh weakness of week’s early trade...

The positive correlation between the Nikkei 225 and USD/JPY has broken down, but with any luck this will return soon and for the USD/JPY to play catch-up with the Nikkei.SUMMARY:-...