Forex Opinion & Analysis

The one consistent thing I am seeing is Euro weakness. However, there is a significant amount of support just under where the currency closed against many of the world’s major currencies....

It’s natural for trader’s to look for an edge in FX. One key way for an edge to develop is to identify turning tides of the fundamentals and confirming price action of such anticipated...

AUD/USD Fundamental Forecast for Australian Dollar: NeutralAustralian Dollar Snaps 3-Week Losing Streak on Upbeat Jobs Report Firming US Data to Bolster QE Cutback Continuity, Weighing on AUD Help...

This Great Graphic, composed on Bloomberg yesterday, shows that the euro is now testing a ten-month up-trend that comes in near $1.3780 today.  We suggested this target Friday when we realized...

Heightened speculation that the ECB will move next month, coupled with frustration with the euro offers in front of $1.40 level held, triggered a reversal of the dollar at the end of last week against...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting at 1.3755 after massive stops were run over on Friday (square up day). We said this last week “… this could turn...

He huffed and he puffed and he blew the euro down. Puff the Magic Draghi delivered another breath of fire from the ECB bully pulpit Thursday, raising the stakes with more word play that the ECB...

The British pound continues to lose ground on Friday, as GBP/USD has dropped below the 1.69 line in the European session. After climbing over 100 points early in the week, the pound has reversed...

Last week the Australian Dollar was under pressure due to the negative data on inflation in Australia. As it became known, the consumer price index in Australia fell to 0.6% in quarterly terms from...

Forex News and Events: Traders still adjust euro positions to the possibility of an ECB action at June meeting. EUR-crosses are broadly weaker, while some traders are already looking for dip-buying...

Market BriefThe Chinese CPI accelerated at the slower pace of 1.8% y-o-y in April (vs. 2.1% exp. & 2.4% last), while the PPI declined -2.0% over the same period (vs. -1.9% exp. & -2.3% last)....

EUR/USDCurrent level - 1.3814 Yesterday's rise fulfilled a precise test of 1.4000 sentiment area and the break below the crucial 1.3903 signals a reversal of the whole uptrend from 1.3772. The...

As expected, Norges Bank kept rates unchanged at yesterday’s monetary policy meeting. The overall impression from the press statement and the briefing is that Norges Bank is overall happy with...