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Forex Opinion & Analysis

Scott Barkley
AUD/USD: Currently At 0.9371
By Scott Barkley - May 09, 2014

AUD/USD Currently we are at 0.9371.We are looking for a continuation to the R4 area/1.270 Fibo at 0.9436 AFTER the break of the bull flag. The average daily true range (ATR) for the pair currently is ...

GBP/USD: sell-off continuing
By Forex4you - May 09, 2014

Cable continues to sell off despite data released this morning being mixed and not bad. The pair has broken below a short-term trend-line and based on this break is expected to move down to 1.6820. ...

RBA To Revise Refinancing-Rate Decision
By Masterforex-V  - May 09, 2014

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 ...

How Probable Is ECB Action By Next Month?
By  - May 09, 2014

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 ...

Euro Grinds Lower Post-Draghi, China CPI Softens
By  - May 09, 2014

Market Brief The 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)....

Danske Markets
Take Early Profit On Short EUR/NOK Position‏    
By Danske Markets - May 09, 2014

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 ...

Euro Tumbles After ECB Warns Of Easing In June
By Dailyfx  - May 09, 2014

Talking Points: Dollar Gains on Euro’s Weakness, Rate Forecast Needed for Trend Euro Tumbles after ECB Warns of Easing in June British Pound Faces Data Today and Heavy Hitters Next Week Dollar Gains ...

Saxo Bank
EURUSD To Continue Slipping Post-ECB; CAD In Focus Too
By Saxo Bank - May 09, 2014

The European Central Bank (ECB) meeting yesterday revealed yet again that the market lacks conviction every time a larger directional move seems about to be getting underway. The bank's chief Mario ...

EUR/USD: bearish key reversal day
By Forex4you - May 09, 2014

EUR/USD sold off heavily after Draghi's comments yesterday and traders must be asking themselves whether or not a long-term top is in place. Signs are mixed and it is still a little too early to say: ...

Jeremy Cook
Draghi Sets Up A New Tune For June
By Jeremy Cook - May 09, 2014

While no policy shifts occurred yesterday from either the Bank of England or the European Central Bank, to say it was an uneventful day would be incorrect. EUR/USD collapsed from a high of 1.3993 to ...

Daily Technical Report : May 09, 2014
By ICN.com  - May 09, 2014

EUR/USD - European Session The pair dropped yesterday after touching levels close to the psychological barrier 1.4000. The downside move formed a long bearish candle which is negative. Stochastic ...

Daily FX: GPB/JPY And EUR/JPY : May 09, 2014
By ActionForex - May 09, 2014

GBP/JPY Daily Outlook Daily Pivots: (S1) 171.69; (P) 172.27; (R1) 172.68; Intraday bias in GBP/JPY remains neutral for the moment. The cross is still staying in medium term consolidation pattern from...