Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the EUR rose 0.44% against the USD and closed at 1.1289. Yesterday, Germany’s trade surplus fell more-than-expected to €15.3 billion in August, from...

Good morning. Hope all is well! We have had a very good forecast for yesterday with an 86% accuracy. Markets reacted from our supply/demand zones as expected. As we had anticipated, the yen and the...

Morgan Stanley (NYSE:MS) picks USD Index, EUR/USD, and NZD/USD as its technical FX charts of the week, where MS provides its views on their related technical settings and targets.On the DXY 1-year...

The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays (LONDON:BARC) Capital.EUR/USD: We are bearish and would...

GBP/USD: GBP took back its intra day losses to close higher on Thursday leaving risk of more strength on the cards. On the upside, resistance resides at the 1.5400 level. Further out, resistance...

The trading plan for Friday, October 9, was prepared and released before the end of the US trading session on Thursday, October 8.Traders await the release of the Federal Reserve’s September...

The Yen Confirmed a Rising Megaphone (Orange) Overnight The yen confirmed a rising megaphone overnight. It’s may break out downwards from the formation now and retrace to its bottom before a...

EUR/USD pares early gains following ECB release ECB minutes state downside risks for inflation have risen US jobless claims data place a question mark over NFP growth The EUR/USD was in an ebullient...

Dollar vulnerability continues to take centre stage within the global currency markets. Sentiment remains bearish for the USD and this may be reflected on the Dollar Index which has declined to a new...

GBP/JPY: The cross now faces further weakness after turning lower ahead of its key overhead resistance at 184.42 level during Thursday trading session. Our bias remains lower as long as that level...

The EUR/USD and USD/JPY remain in extremely tight trading ranges on the daily charts. Day traders have been mostly scalping for 10 – 30 pips, and many of the 10 pip scalps are with limit orders...

Canadian dollar strengthened following GDP report last week indicating Canadian economy continued expanding after contracting in the first half of 2015. Labor market report on Friday is expected to...

EUR/AUDCurrently we are at 1.5670 after completing an abc correction. We are looking to continue to the double bottom at 1.5516 with an overall target at 1.5342. The average daily true range (ATR) for...

The poll of private economists by Reuter’s agency showed they expect ECB to increase the size of quantitative easing in the forthcoming 6 months, which will push the euro down. Now the weak euro...