Forex Opinion & Analysis

Another day of mixed trade, with confusing signals suggesting a GBP top in cable, but support coming in from EUR-based selling which hit EUR/GBP to fresh 3-week lows. The key data release this morning...

EUR/USD: The market’s attention will be focused on the European Central Bank’s decision (11:45 GMT, no changes in policy are expected) and the press conference of the ECB President Mario...

A lot of people seem to think that speculation is anywhere from “foolish” to downright “evil”. I disagree. I believe that “risking a couple of bucks” in hopes of...

The EUR/USD had a 4-day rally that tested the top of the April 15 sell climax high. The rally was weak compared to the other rallies since theDecember 3 bottom. This increases the chances that the...

USD/CHF Open 0.9619 High 0.9651 Low 0.9586 Close 0.9617On Tuesday dollar/franc decreased with 65 pips. The U.S. currency depreciated from 0.9651 to 0.9586 against the Swissy yesterday, matching the...

DXY testing bulls’ nerves The end of the Kuwaiti oil workers’ strike has dragged crude oil prices lower (WTI just below $40/bbl) and put a dampener on risk sentiment this morning, though...

AUD/USD has posted small gains on Wednesday, continuing the upward trend we’ve seen this week. AUD/USD is trading slightly above the 0.78 line in the European session. In economic news, the...

The euro is trading at 1.1371 at the moment. The low has traded at 1.1349 while the high has traded at 1.1380. The euro continues to trade inside a reasonably tight range today with little new...

USD/JPY has posted small losses on Wednesday, continuing the downward trend which marked the Tuesday session. USD/JPY is trading at the 109 in the European session. On the release front, Japan’s...

The GBP/USD has washed off Brexit talks and is showing upward momentum on intraday time frames. After better than expected Claimant Count Change figures (change in the number of people claiming...

EUR/USD is showing marginal movement on Wednesday, following gains which marked the pair in the Tuesday session. The pair is trading at 1.1360 in the European session. On the release front, German PPI...

Forex News and EventsSouth Africa’s headline inflation eased in March According to the latest CPI report from South Africa, inflation decelerated during the month of March. After hitting 7%y/y...

EUR/NZDToday’s support: - 1.6148 and 1.6110(main), where correction is possible. Break would give 1.1.6095, where correction also may be. Then follows 1.6071. Break of the latter would result in...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD strengthened 0.61% against the USD to close at 0.7803. LME Copper prices rose 0.29% or $14.0/MT to $4812.0 /MT. Aluminium prices rose 1.20% or...