Forex Opinion & Analysis

Selling the rallies to channel resistance in EUR/JPY Original post

Resistance break is positive for EUR/USD medium-term Original post

London Forex Report: More Signs Of Softer Global GrowthLondon Forex Report: More signs of a softer global growth backdrop, the slew of US data spanning from jobs to factories all disappointed. Both...

Market Drivers Feb. 5, 2016 AU Retail Sales 0.0% vs. 0.5% eyed Brexit poll 46% leave 35% stay Nikkei -1.32% Eurostoxx 0.48% Oil $32/bbl Gold $1157/oz Europe and Asia AUD: Retail Sales 0.0% vs. 0.5%...

The dollar extended losses against a basket of the other major currencies Thursday, as it remained under pressure amid uncertainty over how much the Federal Reserve will be able to raise interest...

The US dollar stuck near yesterday’s lows in Asian trading on Friday as investors maintain caution ahead of the January non-farm payroll numbers later today. The greenback has now given up all...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CAD and closed at 1.3753. In the Asian session, at GMT0400, the pair is trading at 1.3726, with the USD trading 0.19%...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.16% against the CHF and closed at 0.9935. In economic news, Switzerland’s SECO consumer confidence index improved for the...

GBPUSD MovementFor the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.4579. Yesterday, the BoE policymakers unanimously voted to keep key interest rate steady at 0.5%,...

For the 24 hours to 23:00 GMT, the EUR rose 0.98% against the USD and closed at 1.1203, after the ECB President, Mario Draghi, stated that the central bank is not ready to give up against low...

Sterling has neared the 50% retracement of the 11.5 cent decline since mid-December. It is found near $1.4660. After easing ahead of the BOE announcement, sterling was sold to $1.4530 on the initial...

NFP Friday: Heading into US Non-Farm Payrolls tonight, the pain for USD longs hasn’t eased. The USD was dumped courtesy of the Fed’s Dudley’s comments which were way more dovish than...

I was quite happy about yesterday’s moves. USD/CHF remains the key in terms of limits and we haven’t yet reached that point. This still warns of potential whippy development, particularly...

EUR/USD: Having continued to strengthen, EUR/USD looks for more bullishness in the short term. On the downside, support lies at the 1.1150 level. Further down, support lies at the 1.1100 level where a...