Forex Opinion & Analysis

EUR/USD failed its second daily bullish breakout The EUR/USD is trading back at the pivot range as it failed another breakout, after it cut the resistance level 1.1455. The EUR/USD will see a reversal...

A potential oil production freeze to come out of the OPEC meeting at the weekend has pushed oil to its highest level this year. Higher oil has also pushed US corporate bond spreads tighter and equity...

EUR/USD 2 week range is 1.1325 up to 2 week high at 1.1453/58. A break higher this week is bullish of course and targets resistance at important October highs of 1.1490/95. Just be aware that a break...

USD/JPY first support at 108.45/40 is key to direction and holding above here targets 108.90/95 then resistance at 109.10/15. A good chance of a high for the day but shorts need stops above 109.35. A...

EUR/USDRisk reward: 1.81Volatility: AverageSell at 1.1373 SL 1.1405 TP 1.1315USD/JPYRisk reward: 1.72Volatility: AverageBuy at 108.80 SL 108.48 TP 109.35 GBP/USDRisk reward: 2.72Volatility: HighSell...

The financial markets were noticeably unfazed during trading on Tuesday despite the International Monetary Fund’s (IMF) gloomy warnings of diminishing global growth which should have dented...

Yesterday’s Trading: The euro/dollar has been in a sideways trend since April Fools’ Day. All of the daily candles are similar to dojis with long shades for these days. The mixed dynamic...

GBP/USD Open 1.4263 High 1.4348 Low 1.4196 Close 1.4254On Tuesday pound/dollar decreased with 150 pips. The cable depreciated from 1.4348 to 1.4196 yesterday, in converse with the positive money flow...

GBP/USD INTRADAY CHART BIAS: The structure has a wide range of upside possibilities but the emphasis should be lower Resistance: 1.4276 1.4293-97 1.4322 1.4347Support: 1.4225-50 1.4196 1.4170...

I was, perhaps, a bit too early with the call for a directional move – a factor of extremely complicated whipsaws in both EUR/USD and USD/CHF. We’re still in a corrective phase within a...

The U.S. GDP in the first quarter will be released on April 28, which is the first GDP data after Fed raised the interest rate. The market generally expect that the slump in the growth is inevitable....

The dollar strengthened, regaining ground against its peers today on the back of a reduction in global growth expectations by the International Monetary Fund for the 4th time in a row within the past...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Since the beginning of the year, commodity currencies have been on a tear and after a brief dip, the Canadian, Australian and...

There's a common ploy used by many analysts and reporters that often does not stand up to close scrutiny and would in fact be mocked by academics. The ploy is to take two time series and put them on...