Forex Opinion & Analysis

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...

A Dark Cloud Cover candlestick pattern has emerged for the Australian dollar, which offers an ominous warning of a potential pullback. If the signal is confirmed by a successive down-day and a break...

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...

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...

The MarketEUR/USD finds resistance at the 50-period MA EUR/USD moved slightly lower after finding resistance at the 50-period moving average, slightly below the resistance barrier of 1.3587 (R1). The...

Market BriefThe week starts with limited risk sentiment as tensions in Iraq escalate. The Turkish lira has been the most hit with -0.80% losses as Istanbul walked in. In addition a teenager has been...

Talking Points:US Dollar Technical Strategy: Holding Long via Mirror Trader Basket Support: 10429 (trend line), 10375 (double bottom) Resistance:10474-95, 10531 (May 28 high) The Dow Jones FXCM...