Forex Opinion & Analysis

Forex News and Events: The EU Commission elections started yesterday and the early results confirm fears on rising Euro-skeptic poll in the heart of the European Union. EU currencies trade under...

It's not a big surprise to see Capital Markets trying to consolidate as we head into a long weekend either side of the Atlantic. Caution ahead of Euro election results is keeping the European markets,...

The GBP/USD has formed a complex reverse head and shoulder pattern on a 60 minute time frame. The pattern is one the most successful bullish pattern and if it does completes its projection, we could...

EUR/USD continues to lose ground on Friday, as the pair trades in the low-1.36 range in the European session. This is the euro's lowest level since February, and the currency has...

EURUSD failed to continue along the comeback trail after a late rally on Wednesday fizzled yesterday. The market is looking ahead toward the EU elections this Sunday as an important input, though...

Market Drivers for May 23, 2014 Euro drifts to 3625 on slightly weaker IFO CIC Chairman - ECB position on easing is reasonable Nikkei 0.87% Europe .01% Oil $103/bbl Gold $1294/oz. Europe and AsiaEUR:...

The U.S. Dollar rebounded on Thursday versus the Yen and advanced against many of the majors when it was bolstered by positive economic releases out of China indicating that the preliminary Chinese...

EUR/USD - European Session The pair traded with downside bias, and now below 1.3665 and this support that turned now into resistance will keep the downside pressure valid, targeting initially 1.3520...

EUR/USDRisk reward: 1.50Trend: DownSell at 1.3653 SL 1.3685 TP 1.3605USD/JPYRisk reward: 1.19Trend: UpBuy at 101.58 SL 101.26 TP 101.96GBP/USDRisk reward: 2.06Trend: Strong DownSell at 1.6876 SL...

Market BriefGermany released good economic data in the first quarter. The GDP grew 0.8% q-o-q, 2.5% y-o-y (non-seasonally adjusted), the growth is mostly generated by internal dynamics: private...

EUR/USDCurrent level - 1.3647 The outlook here remains bearish, for a break through 1.3632 low, en route to 1.3560 and 1.3475. Key intraday resistance lies at 1.3688 and crucial on the upside is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.26; (P) 171.56; (R1) 171.90; Intraday bias in GBP/JPY remains neural for the moment. Overall outlook is unchanged. price actions from 174.84 are viewed as...

Euro weakness and the comparative strength of sterling remained the main theme in the forex markets as the weekly close is approaching. The main focus today is German IFO business climate, which is...