Forex Opinion & Analysis

Eurozone sees marginal improvement in surveys US services cool in February EUR/USD breaks through descending channel The PMI surveys have certainly made it an eventful day in the markets, albeit one...

Something important happened in the currency markets on Thursday. The initial and relatively sharp fall of 0.7% in the dollar index was reversed, and now, as trading begins in New York, we are seeing...

Bearish:  We are currently @ 2.0422 outside a well built channel.  Lower highs suggest a move back into the channel. IF we can break support here, we are looking to continue to the ATR...

Mixed PMI data from various Euro area countries led to a surge in volatility for European currency pairs on Thursday morning.Preliminary estimates for France surprised with their strength. The...

US dollar weakens as commodity currencies gain on positive risk sentiment and strong Nvidia earnings. European trading sees further dollar weakening despite initial gains, driven by disappointing...

EURUSD has its best week of the yearDownside risks remain around 1.0880EZ flash business PMIs show a mixed picture EURUSD is in the seventh day of gains, marking its longest bull run in a while...

The impact of the Yen's fluctuations was evident in the country's latest external trade report. On a seasonally adjusted basis, January recorded the highest surplus in three years. The 235B...

Some unfamiliar strength in Chinese equity markets is providing a little strength to non-dollar currencies. And the FX options market hints that investors may not be that pessimistic on EUR/USD after...

USD/JPY trades sideways, hovering around the 150 levelIt remains close to its recent peak and it is comfortably above a key trendlineMomentum indicators are mixed, all eyes on the stochastic...

The British pound is higher on Tuesday. In the North American session, GBP/USD is trading at 1.2650, up 0.43%.Is Bailey Turning Dovish?With little else on the calendar today, Bank of England Governor...

Bullish:  We are currently @1.2628 in a range.  If we get a small pullback and then can break resistance here, we are looking to continue to the ATR target @ 1.2667 with a further target the...

USDCHF gets rejected near familiar resistanceShort-term bias remains positive but probably too weakUSDCHF has been in the green almost every week since the plunge to a nine-year...

While it will likely be a relatively quieter week so far as macro data is concerned, North American markets re-open today after a long weekend, and with China also back this week, markets should turn...