Forex Opinion & Analysis

It was a good day for the oil-related currencies, led by the CAD, which broke 1.4100 late in the day after what was a very modest recovery in the WTI/Brent. After dipping onto a USD 29.00 handle, oil...

The EUR/USD has been in a tight trading range for about 8 weeks. This means that day traders are confident rallies and selloffs will not go far, and they are therefore buying low, selling high, and...

It was another day of market mayhem in China, where the benchmark Shanghai Composite fell by more than 6%. Unlike some of the other panic episodes we’ve seen so far in 2016 though, the...

Currently we are at 76.81 in a range. We are looking for the break above 77.00 to continue to the 0.500 Fibo resistance at 77.73 with a near term overall target near 78.84. The average daily true...

AUD/USDMarket Scenario 1: Long positions above 0.6977 with targets at 0.7007 and 0.7059 Market Scenario 2: Short positions below 0.6977 with targets at 0.6925 and 0.6895 Comment: Since Aussie came...

Market Drivers January 25, 2016 Shanghai sinks -6% Carney testifies Nikkei -2.35% Eurostoxx -1.02% Oil $29/bbl Gold $1114/oz Europe and AsiaNo Data North AmericaUSD: Consumer Confidence 10:00 Another...

Will the trend upwards resume?The Australian dollar has corrected upwards from its recently hit 7-year low amid increase in global oil and commodity prices. On Wednesday the 4Q 2015 inflation data...

EUR/USDWill it break out after the FOMC rate announcement and Janet Yellen’s speech or will we see the dollar strengthen once again? 1.08 is very well supported up to now despite any news that...

The GBP/USD pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is skewed towards the downside. Moreover, the price is also trading below the 50 and 100...

EUR/JPY: With the cross following through higher on Monday, EUR/JPY eyes more strength on correction. Support comes in at the 128.00 level where a break will aim at the 127.50 level. A turn below here...

EUR/USD - movement toward 1.0930Last week EUR/USD falls to area 1.0800 during press conference (after ECB meeting). Despite the attempt to deepen this decline, supply wasn't able to take control....

London Forex Report: Another Crude Collapse, Risk Reverses.London Forex Report: Another crude collapse, as oversupply concerns continued to dominate despite the slight recovery to the $30/barrel...

AUD/JPY has been trading as planned, breaking the lower corrective trend line and resulting in nice impulsive manner. Because we can count five waves within this downfall from 90.74 we expect a new...

The dollar held onto losses against the other major currencies on Monday, however, it still remains supported as investors await for the Federal Reserve’s policy meeting this week. The euro also...