Forex Opinion & Analysis

Forex News and Events: The FX markets are mostly driven by economic data today. The May preliminary PMI readings across the globe triggered price action in Asia and Europe, the US reading is due in...

EUR/USDCurrent level - 1.3672 Yesterday's, third failure below 1.3730 static resistance signals a renewal of the downtrend and my outlook here is bearish, for a slide towards 1.3560, en route to...

The EUR/USD is trading below the downward trend line on a 120 minute time frame. The price is also trading in a downward wedge pattern which is a bearish pattern. The volatility for the pair is low as...

Talking Points AUD/USD Technical Strategy: Sidelines Preferred Hammer suggests bears have run out of steam Morning Star in intraday trade hints at recovery to 0.9300 Signs of a potential bounce...

After a slow start to the week for the Pound, it has shot back into favour for investors as the UK has delivered yet again on its economy with strong results.CPI data saw a boost and this was a boost...

Market CommentaryThe US Dollar traded mixed bag wherein it traded strong against the Euro, the Swiss France and the Japanese Yen whereas the Dollar traded weak against the Pound; the Aussie ended flat...

Market Drivers May 22, 2014 EZ PMI generally lower with only GE Svc beating the mark HSBC Chinese PMI surprises to the upside; helps AUD to 9260 Nikkei 2.11% Europe .02% Oil $104/bbl Gold...

USD/JPYOpen 101.42 High 101.76 Low 100.80 Close 101.34On Wednesday USD/JPY increased with 80 pips. The currency couple appreciated from 100.80 to 101.62 yesterday, not matching the negative money flow...

EUR/USD The pair dropped and is trading below 1.3700, but the minor support level 1.3665 managed to halt the downside move. Stability below 1.3700 represented in 23.6% correction is negative and could...

I presented you with the idea of a flat EUR/USD correction being in progress. This can be an expanded flat correction as wave b) fell to a new extreme. The pattern is still not complete at the moment,...

EUR/USD The euro eventually broke below the 1.3670 breakpoint, ending its near-term consolidative phase and commencing a fresh leg lower. The price spiked lower to 1.3633 so far, ticks away from the...

EUR/USDRisk reward: 1.91Trend: UpBuy at 1.3658 SL 1.3626 TP 1.3719USD/JPYRisk reward: 1.78Trend: DownSell at 101.76 SL 102.08 TP 101.19GBP/USDRisk reward: 2.25Trend: Strong UpBuy at 1.6879 SL 1.6847...