Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.8877.On the economic front, real retail sales in the Swiss economy rose at an annualized rate of 3.0% in March,...

For the 24 hours to 23:00 GMT, the USD strengthened 0.35% against the JPY and closed at 102.21, as the latter extended its losses on the back of yesterday’s soft current account data from the...

For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.6871.On Monday, the Confederation of British Industries (CBI), in its latest forecast report, upgraded its growth...

For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.3756, paring some of its initial losses accrued due to speculation of an ECB stimulus. Negative sentiment for...

Brief recap of last week’s European Central Bank (ECB) meeting: it was clear after ECB president Mario Draghi’s press conference that the central bank is set to move on policy in June. It...

While I am still targeting 0.945, I suspect we'll see a 38.2% retracement before a resumption of the bullish trend. Failing that, we could just see direct gains. Following last Tuesday's positive Jobs...

EUR/USDOpen 1.3757 High 1.3775 Low 1.3748 Close 1.3756On Monday the EUR/USD traded within narrow 25 pip range. The European currency appreciated from 1.3748 to 1.3775 yesterday, not matching the...

Why the Dollar is Due for a Recovery EUR: Potential Move to 1.36 Will the Federal Budget Hurt AUD? NZD: Chinese Retail Sales and Industrial Production Due CAD: Oil Prices Rebound Sterling:...

EUR/USD is still moving inside a descending structure, which may be considered as a correction with just one descending impulse at the moment. We think the price may return today to the 1.3867level...

Talking Points:Dual Lines of Resistance in Play for GBP/JPY Key Zone for Initiating New Shorts The Ideal Time Frame for Taking This Trade Mondays of late tend to be characterized by rather lazy price...

US CPI in focus USDCAD outlook mixed Geopolitics mirrored by movie hits Both Ukraine and Bank of England (BoE) politics gave European traders something to mull over this morning. The validity of the...

The British pound is stable in Monday trading, following sharp losses last week against the US dollar. In Monday's North American session, GBP/USD is trading in the high-1.68 range. Today's US...

Talking Points AUD/USD Technical Strategy: Sidelines Preferred Clearance of 0.9300 opens 0.9375 then 0.9440 Absence of bearish signal suggests further gains The Australian Dollar has finally...

EUR/USDOnce again, in the absence of tier 1 data from the Eurozone, it was rhetoric out of the ECB which dictated the direction for the pair with comments from ECB’s Nowotny and Constancio. The...