Forex Opinion & Analysis

EUR/USD The euro trades in near-term consolidative phase before fResistanceh attempt at psychological 1.4000 barrier. Break above initial barrier and 3-week range top at 1.39 zone, so far reached...

Cable (GBP/USD) solid advance through 1.6877 favours a still more bullish tone A narrow range, cautious theme Wednesday ahead of the BoE MPC meeting, but still a bullish tone after the robust Tuesday...

EUR/USD solid advance through 1.3905 points to a more bullish shift A narrow range, cautious tone Wednesday and as we stated in our last client report that “we still see a broad range...

NZDUSD – Expanding Triangle, Likely BreakoutThe Kiwi sold off heavy today after making a new high for the year. The overall structure as you can see via the chart below is an expanding triangle...

Market BriefAustralian economy added 14.2K jobs in April (vs. 8.8K exp. and 18.1K last), the unemployment rate remained unchanged at 5.8% for the stable participation rate of 64.7%....

The U.S. dollar slumped to a six-month low versus several Forex majors on concerns over the situation in the Ukraine, and as traders exerted caution before Fed chairwoman Janet Yellen testified on the...

GBP/USD Open 1.6953 High 1.6988 Low 1.6942 Close 1.6950On Wednesday the GBP/USDr traded within small almost 40 pip range. The Cable depreciated from 1.6988 to 1.6949 yesterday, in converse with the...

The dollar stays soft after Fed chair Yellen's dovish speech overnight. In a testimony to the Joint Economic Committee to Congress, Yellen reiterated that "a high degree of monetary accommodation...

EUR/USDThe euro weakened from almost a seven-week high before the European Central Bank is forecast to refrain from adding additional monetary stimulus at a meeting tomorrow. The U.S. currency...

GBP/CHF continues to rise in the direction of the Key Resistance Level 1.4931 that was previously identified by Autochartist on the daily charts – as you can see from the following trade...

For the 24 hours to 23:00 GMT, the AUD weakened 0.22% against the USD to close at 0.9326.LME Copper prices declined 0.8% or $52.0/MT to $6688.0/MT. Aluminium prices fell 1.2% or $21.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD to close at 1.0900, as Fed Chief, Janet Yellen’s upbeat outlook on the US economic recovery benefited the US Dollar while an...

For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.8762, as traders cheered Fed Chief, Janet Yellen’s upbeat view on the recovery prospects of the US economy.In...