Forex Opinion & Analysis

The EUR/USD rallied strongly after yesterday’s FOMC report and it is testing the resistance of the February 11 lower high in the yearlong trading range. The daily chart has a nested wedge. There...

The Fed put aside inflationary risks and instead focused on financial concerns and sluggish global growth to justify its decision not to raise rates and to reduce expectations regarding rate hikes in...

EUR/GBPCurrently we are 0.7845 in a nice range. We are looking to continue to the 0.618 Fibo at 7782 and maybe to the 0.7742. The average daily true range (ATR) for the pair currently is 82 pips.

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 16...

The FOMC statement came in slightly more dovish than markets had expected, predicting two quarter-point rate increases by the end of this year. The Federal Reserve's stance was generally friendly and...

Global stocks demonstrated signs of exhaustion and vulnerability during trading on Tuesday following the barrage of lackluster economic data releases which diminished confidence towards the global...

EUR/USD continues to rally on Thursday, as the pair trades at 1.1320 line in the European session. On the release front, Eurozone Final CPI dropped 0.2%, matching the forecast. There was better news...

Bearish investors were offered an opportunity to exploit the shaky sentiment towards the Dollar during trading on Wednesday following the dovish FOMC statement which quelled expectations of a recovery...

Thursday March 17 (St. Patrick’s Day): Five things the markets are talking aboutThis month was always going to be about the “battle of the Central Banks.” Two-weeks in and they have...

AUD/USD broke above resistance at 0.7600Since two months there is a bull market on AUD/USD. Today price broke above resistance at 0.7600 and right now is leading to next resistance at 0.7880. Before...

After the FOMC monetary policy statement and following the release of mixed U.S. data on Wednesday, the dollar pushed lower against most major currencies. The U.S. Commerce Department said that...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.06% against the USD to close at 0.7544. LME Copper prices rose 0.51% or $25.0/MT to $4945.0/MT. Aluminium prices declined 0.86%...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.69% against the CAD to close at 1.3126. In economic news, Canadian manufacturing shipments advanced more-than-expected by 2.3% MoM...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.91% against the CHF and closed at 0.9779, as the Fed lowered its projections future interest rate hikes and economic growth. In the...