Forex Opinion & Analysis

EUR/USD Daily Analysis: EU remains in a 6-week downtrend as long as we stay below 1.3650 on the short-term charts. Above 1.3650 there is a lot of room for a bullish correction (1.40), but with...

For the 24 hours to 23:00 GMT, the AUD strengthened marginally against the USD to close at 0.9398.LME Copper prices advanced 1.0% or $63.5/MT to $6735.0/MT. Aluminium prices edged up 0.1% or $1.0/MT...

For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0846.On the economic front, sales of existing homes in Canada jumped 5.9% in May, its largest month-over-month...

For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CHF and closed at 0.8971.In the Asian session, at GMT0300, the pair is trading at 0.8983, with the USD trading 0.13% higher from...

For the 24 hours to 23:00 GMT, the USD weakened 0.17% against the JPY and closed at 101.83.Yesterday, the BoJ, in its monthly economic survey, reiterated its outlook for the Japanese economy to...

For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.6980, amid mounting speculation for an earlier-than-expected interest rate hike in the UK economy.In the Asian...

Trading the News: U.K. Consumer Price IndexA marked slowdown in the U.K.’s Consumer Price Index (CPI) may generate a larger pullback in the GBP/USD as it limits Bank of England (BoE) scope...

We seem to have had a really good forecast for yesterday with 6 out of the 7 pairs moving in the direction that we had predicted. The GBP/USD, USD/CAD, USD/CHF and EUR/JPY we were spot on, while on...

No new orders placed today, though I did close out my short USD/CAD and GBP/CAD trades based on how the candles were developing. I booked a small profit as a result. This may have been a...

During periods of low volatility, the best way to find some good forex action is to find a currency pair where the opposing economies are going in different directions. For the majors, this type of...

The AUD/USD continued to grow, as we had expected. The trading range was 102 points. Low mark has gone down to a minimum - 0.9334, while the High level could be seen at the maximum - 0.9437. The...

AUD/USD For Tuesday, June 17, 2014After spending a couple of weeks at the end of May trading near and finding support at 0.9220, the Australian dollar has enjoyed a solid surge over the last...

EUR/USD Open 1.3572 High 1.3587 Low 1.3512 Close 1.3573On Monday euro/dollar increased by 65 pips. The European currency appreciated from 1.3512 to 1.3580 yesterday, matching the positive money flow...

Between the World Cup, the approaching summer, rising geopolitical risk, and a generally weaker tone for risky assets in global markets, the recovery in EM assets may be placed on hold near-term....