Forex Opinion & Analysis

The US dollar was seen trading higher against the euro this past week. The EUR/USD pair managed to find support around the 1.3600 levels. The pair might retrace in the short term. However, I think...

This week the scorecard recommends buying the NZD, SEK and NOK while selling the EUR, AUD and CHF. Last week's sell-off in the NZD seems overdone according to the model, and thus the Scorecard...

The wait is almost over for what is set to be the most important central bank meeting of the year. Thursday’s European Central Bank meeting is expected to see the Bank’s Executive Council...

Talking pointsAustralian Building Approvals -5.6% m/m in April vs. 2.0% Expected April Permits Drop Marks Biggest Monthly Decline Since June 2013 Australian dollar down as Soft Data Undermines...

EUR/USDThe ECB is trying to head off the threat of deflation as the economy struggles to cope with the aftermath of a debt crisis that threatened at one point to blow up the euro. Possible options...

The US Dollar extended losses against several majors on Friday but still managed to advance a few pips versus the euro on speculation over the european Central Bank’s next move. Economic reports...

EUR/USDRisk reward: 1.59Trend: DownSell at 1.3637 SL 1.3669 TP 1.3586USD/JPYRisk reward: 1.38Trend: UpBuy at 101.92 SL 101.60 TP 102.36GBP/USDRisk reward: 1.72Trend: DownSell at 1.6760 SL 1.6792 TP...

On Friday, the AUD weakened marginally against the USD to close at 0.9306.LME Copper prices rose 0.4% or $25.5/MT to $6995.5/MT. Aluminium prices jumped 2.2% or $39.0/MT to $1823.5/MT.In the Asian...

On Friday, the USD rose 0.07% against the CAD to close at 1.0847, as the Canadian Dollar lost ground after data showed that growth in the Canadian economy contracted more-than-expected 1.2% in the...

On Friday, the USD declined 0.41% against the CHF and closed at 0.8942.On the economic front, Switzerland’s KOF leading indicator fell for the third consecutive month to a reading of 99.8 in...

On Friday, the USD marginally strengthened against the JPY and closed at 101.75.In economic news, housing starts in Japan fell less-than-expected 3.3% (YoY) in April while Japanese construction orders...

On Friday, the GBP rose 0.31% against the USD and closed at 1.6771, as the greenback lost ground following a more-than-expected fall in the US consumer sentiment index for May.In the UK, a BoE...

On Friday, the EUR rose 0.28% against the USD and closed at 1.3640, as the latter came under pressure from a 2.2 points drop in the US Reuters/Michigan consumer sentiment index for May to 81.9 and as...