Forex Opinion & Analysis

EUR/USD is trading above the 1.11 line in Thursday’s European session, following sharp gains a day earlier. On the release front, there are no major Eurozone events. ECB President Mario Draghi...

Finally, USD/CHF has turned sharply to the downside in the last 24 hours, clearly in impulsive price action that can cause even more weakness in the next few sessions. We are looking to lower levels...

The dollar extended losses against the other major currencies on Wednesday after data showing that U.S. service sector activity slowed again in January and concerns rose that weakness in manufacturing...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 1.87% against the USD and closed at 0.7165. LME Copper prices declined 0.59% or $27.0/MT to $4578.5/MT. Aluminium prices declined 0.69% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.89% against the CAD and closed at 1.3790. In the Asian session, at GMT0400, the pair is trading at 1.3757, with the USD trading 0.24%...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.33% against the CHF and closed at 1.0051. In the Asian session, at GMT0400, the pair is trading at 1.0053, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.27% against the USD and closed at 1.4596, after UK’s dominant services sector grew at a faster pace than expected in January. Data...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.58% against the USD and closed at 1.1095. In economic news, the final print of the Euro-zone’s final Markit services PMI remained...

Daily forecastMain scenario:The pair is trading along an sideways trend between support 1.4345 and resistance 1.4465.The uptrend may be expected to continue in case the market rises above resistance...

Even though the ADP employment data released yesterday was better than expectation, but expectation on Fed interest rate hike has collapsed as chief economist from Goldman Sachs (N:GS) believed it may...

US Dollar Dumped:A big night for Forex markets overnight, with some HUGE moves across the board in US Dollar pairs. The USD was dumped left, right and centre with most of the majors posting close to...

The origin of this move came from the 1.0539 low. From there we have seen a long, long… err… long sideways move over 3 weeks. After the break of 1.0960 on the 28th of January, I penned 2...

The two-day plunge in USD/YEN (Blue Chart) from above 120.00 to 117.50 has "repositioned" the CurrencyShares Euro ETF (N:FXE) pair beneath the level it was trading at, 118.00, last Friday morning,...