Forex Opinion & Analysis

Currently we are at 1.4428 in a symmetrical triangle which is bearish. We are looking for a continuation to the support area at 1.4302 AFTER the break.  The average daily true range (ATR) for the...

On Thursday evening, the BoE Governor Mark Carney completely surprised the financial markets by stating that the Bank of England could raise interest rates “sooner than the markets...

For the third consecutive month, the Reserve Bank of New Zealand raised its benchmark interest rates last Wednesday evening, this time to 3.25%. Not only is the RBNZ the first major central bank to...

Technical Strategy: Sidelines PreferredThe GBP/USD is at a critical juncture as the pair teases at a breakout above the psychologically-significant 1.7000 handle. While a Doji appears to be...

Technical Strategy: Short PendingThe euro bulls appear unwilling to relinquish their grip on the pair as the common currency holds above the 1.3500 handle. While several short body candles are...

Forex News and Events: The risk sentiment turns mild on mounting tensions in Iraq. The soft commodities, oil and precious metals open the week in the green, the EM currencies are sold against USD...

EUR/USDCurrent level - 1.3520 Last week's test of 1.3580 failed and the outlook here remains neutral, within the 1.3502-3580 tight range. On the senior frames, only a break through the 1.3502-3475...

EUR/USD has edged lower to start the week, as the pair is trading in the low-1.35 range. On the release front, Eurozone Core CPI and CPI matched the forecast. In the US, today's highlight is...

The latest IMM data covers the week from 3 to 10 June 2014. IMM data released last Friday showed a continuation of bearish EUR builds. This week's move reflects ECB easing on 5 June and speculators...

This week the scorecard recommends buying NOK, AUD and CHF while selling JPY, CAD and GBP. Last week's sell-off in NOK seems overdone according to the model and thus the scorecard recommends buying...

EUR/JPY Might Present A Classic Sell Opportunity (Extract From Weekly Market Forecast 15th Of June 2014)The euro moved lower against some of the major currencies, including the Japanese yen. The...