Forex Opinion & Analysis

AUD/USD for Tuesday, May 27, 2014Over the last few hours the Australian dollar has finally shown some life as it has moved slightly higher away from the support level around 0.9220 to above...

The EUR/USD remains in downtrend from 1.3993, the rise from 1.3613 is likely consolidation of the downtrend. Near term resistance is at the upper line of the price channel on 4-hour chart. As long as...

EUR/USDThe euro continues falling down. Today the price may return to level of 1.3700 and then complete this descending wave by falling down and reaching level of 1.3580. Later, in our opinion,...

USD/CADThe Canadian dollar is firm on Monday, as USD/CAD trades in the mid-1.08 range early in the North American session. It’s a very quiet day on the release front, with the US...

EUR/USDWith a distinct lack of tier 1 data from the Eurozone and both the UK and US away from market, today’s trade was a relatively subdued affair, although did see the pair trade in minor...

The GBP/USD is trading above its upward trend line on a 4 hour time frame. This confirms that the upward trend is still intact and the bulls are in control of the price. The price has also formed a...

Good afternoon, dear traders and investors. The Forex market is not expected to have any active fundamental news background as the U.S. and the UK respectively celebrate the Memorial Day and the...

EUR/USD is crawling up from the lows of Friday and earlier today in the $1.3615 area. Euro’s oversold and there’s divergence in the MACD and RSI at H4. Still, we believe that recovery will...

Incoming economic data, led by global economic confidence survey came in solid which helped support risk appetite. Yet it was the political landscape which took center stage. With EU parliamentary...

European elections The EU parliamentary elections were perhaps a bombshell in the longer term perspective, but the market isn’t sure what to do with these results in the short term, as the...

On this Bank holiday Monday either side of the pond, the two biggest market fears, the Euro and Ukraine parliamentary election results, combined with the ECB meet in Sintra, Portugal could have had an...

Market BriefFX markets are subdued at the start of the trading week with UK and US on holiday and with politics dominating discussions. There is however, a slight cautious tone as Eurosceptic national...

EUR/USD has started the week quietly, as the pair trades in the mid-1.36 range in Monday's European session. There is some nervousness in the markets following strong showings by...

EUR/USDCurrent level - 1.3638 The overall bias remains bearish, for a slide through 1.3614 low, en route to 1.3560. Initial resistance lies at 1.3645, followed by the crucial one at...