Forex Opinion & Analysis

This week the scorecard recommends buying USD, CHF and EUR while selling NZD, JPY and AUD.Last week's signals resulted in a 0.3% gain. Next scorecard signals will be sent out 11 April. To read the...

The euro is flat on Monday, as EUR/USD is trading at 1.1370 in the European session. On the release front, Eurozone Unemployment Rate remained at 10.3%, matching the forecast. Spanish Unemployment...

USD/CAD back to touch highs as it underpins long-term supportThe USD/CAD decreased for nine consecutive weeks as the pair hit fresh 2016 lows near 1.2857. This long-term support level provides signals...

USD/JPYThe USD/JPY has moved to the downside after NFP, and bears continued to haul it during the Asian session today. Now, we see chances for resuming the bearishness after stabilizing below 112.15...

Yesterday’s Trading:The euro on Friday updated the week’s maximum due to demand for the currency in the cross pairs. After the release of strong American labor market data, the...

The Japanese yen seemed to be the main beneficiary of today’s Asian session, as traders were still adjusting to Fed Chair Janet Yellen’s message that caution was required in raising...

The March payrolls and ISM manufacturing data were the big events last Friday. While the NFP was mixed, the ISM manufacturing posted a strong upside surprise, but the dollar was unimpressed, closing...

The dollar ended the week close to five-month lows against a basket of the other major currencies on Friday, as investors bet that a stronger-than-expected U.S. jobs report would not prompt the...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD to close at 1.3016. In economic news, Canada’s RBC manufacturing PMI advanced to a level of 51.5 in March, its...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CHF and closed at 0.9585. In economic news, Switzerland’s SVME manufacturing PMI unexpectedly rose to a level...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.83% against the JPY and closed at 111.61. In the Asian session, at GMT0300, the pair is trading at 111.54, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.95% against the USD and closed at 1.4229, after UK’s manufacturing PMI rose less-than-anticipated to a level of 51.0 in March,...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.1393, after manufacturing growth in the Euro-zone climbed above expectations in March. Data showed...

EUR/USD outlook positive after last week's breakout, with minor support at 1.1370/65 but better support again at 1.1330/25, which is the most important of the day. Longs need stops below 1.1315, with...