Forex Opinion & Analysis

Following the break of the bullish trendline and resistance levels below 0.940 my AUD/USD bias for an eventual run down to 0.9308 before resumption of gains. At time of writing we are oscillating...

Following poor data from NZ today, the NZD/USD is by far the weakest currency within Asia Trading. However if the S-R levels hold it can provide buying opportunities.

Market Drivers April 16, 2014UK unemployment dips below 7%Chinese data mixedNikkei 3.01% Europe .97%Oil $104/bblGold $1301/oz.Europe and Asia:CNY GDP 7.4% vs. 7.4%CNY IP 8.8% vs. 9.1%CNY Retail Sales...

Talking PointsNZD/USD Technical Strategy: Flat Support: 0.8581 (23.6% Fib ret.), 0.8480-0.8513 (38% Fib ret., Oct 22 close) Resistance: 0.8675 (Apr’13 high), 0.8745 (Apr 10 high) The New...

Talking PointsUS Dollar Index Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 10439 (61.8% Fib exp.), 10475-84 (channel floor, 23.6% Fib ret.) Resistance: 10401 (76.4% Fib...

Talking PointsUSD/JPY Technical Strategy: Flat Support: 101.48 (channel floor), 100.75 (Feb 4 low) Resistance: 102.11 (23.6% Fib exp.), 102.60 (38.2% Fib exp.) The US Dollar Index may be...

USD/JPY Open 101.82 High 102.36 Low 101.41 Close 101.89On Tuesday USD/JPY traded within 50 pip range. The currency couple depreciated from 102.00 to 101.49 yesterday, matching the negative money flow...

China’s economy in Q1 dipped to its slowest level of growth in 18 months it was shown overnight as the valuable construction sector slowed amid calls and plans for ongoing credit tightening. The...

The Australian dollar fell considerably on Tuesday, down around 0.90% on the day, ahead of important Chinese data tomorrow morning (GDP, industrial production). Traders are reluctant to push price...

EUR/NZD continues to rise after the recent reversal from the lower support trendline of the Down Channel that was previously identified by Autochartist on the daily charts – as you can see from...

EUR/USD Daily Analysis: Currency pairs consolidated sideways for most of the day yesterday, the Euro included, though it did find support above our 1.3780 “buy zone.” We remain...

For the 24 hours to 23:00 GMT, AUD weakened 0.73% against the USD to close at 0.9343, hurt by the RBA minute’s dovish stance on the Aussie.LME Copper prices declined 0.2% or $15.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CAD to close at 1.0986, following the release of a strong US consumer inflation data for March.In Canada, data showed that manufacturing...

For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.8805, as traders cheered an upbeat rise in the US consumer price index for March.On the economic front,...