Forex Opinion & Analysis

Talking Points:Yen weakens after the Bank of Japan releases their April Meeting Minutes USD/JPY breaks above 102.00 handle following the release BOJ minutes show minority dissent amongst board...

The U.S. Dollar advanced against most of the majors as positive metrics issued by the Commerce Department reinforced the belief that the world’s biggest economy is expanding, especially as the...

EUR/USD Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.3655, which will be followed by reaching support...

GBP/USD Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while the pair is trading below the resistance level 1.6885, which will be followed by it...

EUR/USD The pair dropped last week and kick-started trading Monday with negativity, affected by the breakout below 23.6% Fibonacci correction of the upside wave from the low at 1.2756 to the top at...

The euro remains soft, in particular against Canadian dollar, as markets await ECB president Draghi's speech today. It's widely expected ECB will act in June to overcome low inflation. But, markets...

On the USD/CAD we are tracking a deep but still corrective price action from start of the year. We are looking at wave 4) that is part of an big impulsive rally from a weekly chart. Usually fourth...

The New Zealand dollar has been looking a little rough as of late after pushing to remarkable highs after the recent interest rate rises which have seen the RBNZ push rates by 25 basis points during...

EUR/USDThe euro fell to three month lows against the broadly stronger dollar on Friday after data showing that German business sentiment deteriorated in May added to expectations for easing by the...

EUR/USD The euro remains negative and confirms the break below the pivotal 1.3670 higher low. Daily and weekly close in red and below the latter, confirms a double-top formation and bearish outlook in...

EUR/USD negative theme intact for 1.3520A more significant erosion Friday to reinforce the bearish outside Wednesday pattern for a better push below key chart support from February at 1.3645.The...

• ECB Forum to discuss monetary policy• European elections shake up the political powers• DAX and EURUSD both look toward ECB deliveringToday’s market holidays in UK and US and...

We could be in for some quiet times today as it’s a bank holiday there and we may not see much movements on our US dollar pairs, however we may see some movement on the euro pairs due to our...