Forex Opinion & Analysis

Key Points: Highly bearish trend line. EMA activity remains bearish. Dynamic support could be broken. Oil prices are continuing to plunge, despite consistent draws being reported in the US Crude Oil...

Forex News and EventsChina not out of the woods yet (by Arnaud Masset) At first glance Chinese growth data were rather encouraging for the second quarter of 2016 as the gross national product expanded...

EUR/USD has posted slight gains on Friday, as the pair trades at 1.1150. On the release front, Friday is data-heavy, so we can expect some movement from EUR/USD, especially in the North American...

Previous:On Thursday the tone was set by the GBP after the BoE had convened. The Bank left interest rates unchanged at 0.5%. Their asset purchasing program was also left as was at 375 billion...

The dollar was trading at three-week highs against the yen on Thursday, as stimulus expectations continued to pressure the Japanese currency; while the pound was trading above 1.33, after the Bank of...

For the 24 hours to 23:00 GMT, the AUD rose 0.42% against the USD and closed at 0.7628. LME Copper prices declined 0.14% or $7.0/MT to $4911.5/MT. Aluminium prices rose 0.15% or $2.5/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CHF and closed at 0.9808. In economic news, Switzerland’s producer and import price index rose less-than-expected by 0.1% on a...

For the 24 hours to 23:00 GMT, the USD rose 1.1% against the JPY and closed at 105.22. In the Asian session, at GMT0300, the pair is trading at 106.18, with the USD trading 0.91% higher against the...

For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.1110. In the US, the number of people applying for fresh unemployment benefits unexpectedly held steady at 254.0K...

Stock markets received a welcome boost during trading on Thursday following the Bank of England’s decision not to change interest rates which eased the ongoing Brexit fears, consequently lifting...

NZD/CAD showing a long term inverse head and shoulders on the weekly charts:The overnight price action in NZD/USD post RBNZ announcement had me flicking through the various NZD/Cross pages on the...

The Bank of England’s decision to hold monetary policy steady saw the GBP surge against the US dollar, clearing 1.32 with 1.36 now coming into focus. EUR/USD’s price remains broadly flat...

Key Points: Price action slips below rising wedge pattern. Weekly CCI indicating pullback in progress. RSI Oscillator trending lower within neutral territory. The kiwi dollar has been relatively...