Forex Opinion & Analysis

Macroeconomic statistics, released today in Germany, managed to support the European currency, and, as a result, the EUR/USD pair has strengthened slightly. Due to expectations of a hike in the US...

Hints - speeches, minutes, and comments directly from Yellen suggests that a policy of gradual rate hikes in sympathy with market forces crushing US pension funds and savers will likely be adopted at...

EUR/AUD – rebound from level 1.4700Previous analysis of November 13 gave profit 350 pips. I wrote: "Support at 1.5150 was break below and downward movement is continuing in direction of level...

The euro was initially supported by better than expected eurozone PMI reports but the moderate upward trend did not discourage dollar bulls from pushing the common currency for another test of 1.06....

• Dollar index touched briefly the psychological 100 level The dollar reached a 7 month high against a basket of currencies, underpinned by expectations that the Fed is on track to raise rates in...

GBP/AUD H4GBP/AUD The rate has broken the head and shoulders pattern which had formed at the larger falling wedge upper boundary. Yesterday it tested the former neckline support as the new resistance...

EUR/USD was down 0.1 percent to 1.0631 after touching a seven month low of 1.0591. Due to the divergence on policies between ECB and Fed, markets expect euro will continue to grind lower until it...

HourlyYesterday’s Trading:The euro yesterday jumped from a minimum with the dollar from 1.0600 to 1.0656. The rate then fell from the 45th degree to 1.0592 and after trading closed in Europe,...

HourlyAfter a fall to 1.5124, the pound/dollar renewed to 1.5189. From here, the rate again weakened to 1.5108. News from the closed Fed meeting about discount rates still hasn’t come...

EUR/USD continues to have a quiet week, as the pair trades at 1.0650 in the European session in Tuesday. In economic news, German Ifo Business Climate improved to 109 points, while German GDP posted a...

The U.S. Dollar Index hit 100 on an intraday basis for the first time since March 16th, the day after the index closed at a 12-year high. The index faded back to a close of 99.73 at the end of the...

USD/JPYThe pair failed to stabilize above 76.4% Fibonacci at 123.15 yesterday, achieving a negative closing. Although, this is not a good signal for buyers, but the USD/JPY is currently touching...

Federal Reserve Chair Janet Yellen expressed hope on Monday that the economy will continue to expand and if that is the case, it will be appropriate to raise interest rates in December. Yellen also...

For the 24 hours to 23:00 GMT, the AUD weakened 0.54% against the USD to close at 0.7193. LME Copper prices declined 3.72% or $174.5 /MT to $4515.5 /MT. Aluminium prices declined 3.46% or $51.0 /MT to...