Forex Opinion & Analysis

Yesterday’s Trading:On Tuesday the euro/dollar closed slightly down, leaving the shade at a 1.1348 maximum. I can’t explain what caused the turnaround for the euro after the inflation...

In the lead-up to next month’s Brexit referendum, the Cable is sure to be a major focus for speculators. The pair has oscillated between the 1.4683 and 1.3838 price levels and could be ready to...

Yen – GDP better than expectedThe correlation between USD/JPY and US equities is back in play, as you can virtually overlay yen movements with the latest gyrations in S&P futures. So,...

USD/CHF INTRADAY CHART: BIAS: We should now see a top - still allow for 0.9820-30 - but for a reversal lower Resistance: 0.9807 0.9820-30 0.9850-55 0.9880-85Support: 0.9780 0.9742-51 0.9725...

That was quite a difficult day. In the majority of the pairs, price was battling with the hourly and 4-hour Price Equilibrium Clouds that fought a long battle over the day to try and prevent price...

Today should be a bitter day for Mario Draghi. After all that he has done – and, more than that, after all that he has promised to do – the EUR has been more resilient than anyone could...

As the market waited for the policy meeting outcome of the Reserve Bank of Australia, the Australian dollar started the week with a slight change and could possibly fall further over the next three...

In the wake of poor inflation data, a rate cut from the Reserve Bank of Australia (RBA) and then a dovish Statement on Monetary policy, speculators decided that this was not the time to have such a...

We were expecting a little more volatility in the FX markets today, with the data releases offering a little more perspective on interest rate policy.In the US, the CPI numbers were as expected, with...

The Australian dollar has posted slight gains on Tuesday. Early in the North American session, AUD/USD is trading slightly above the 0.73 line. On the release front, the RBA released the minutes of...

Canada wildfire may weaken national currencyCanadian dollar fell in mid-January 2016 to the lowest in 11 years against the US dollar. On the USD/CAD chart it looks as growth. After that it started to...

The daily EUR/USD has been sideways for 6 weeks. All trading ranges contain tops and bottoms. The bulls see a broad bull channel. The bears see a wedge top. [Note that yesterday's chart was a 20-, not...

USD/JPYCurrently we are 109.46 in a large range and attempting a rectangle break. We are looking to break up to the 0.214 Fibo @ 110.56. Watch the USDX for signs of weakness at the end. The average...

The UK economy was provided with another reminder during trading today that the extended period of low headline inflation that the economy has been encountering for over a year was going nowhere,...