Forex Opinion & Analysis

The dollar slumped to session lows against a basket of other major currencies on Thursday, after the minutes of the Federal Reserve’s latest meeting gave no clear indication on the timing of an...

GBP/USDSterling vs. dollar is moving above 61.8% Fibonacci at 1.5700, which is a positive sign. RSI14 started to move higher comparing with yesterday’s signal, while ADX is also...

EUR/USDEUR/USD surged more than 1% extending considerable gains from the prior session, as currency traders analyzed dovish minutes from the Federal Open Market Committee's July meeting, which provide...

For the 24 hours to 23:00 GMT, the AUD weakened 0.21% against the USD to close at 0.7336. LME Copper prices rose 1.08% or $ 54.0/MT to $ 5060.5/MT. Aluminium prices rose 1.45% or $22.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CAD and closed at 1.3083, after Canada wholesale trade rebounded in June, rising 1.3% to C$55.32 billion. In the Asian session, at...

For the 24 hours to 23:00 GMT, the USD declined 0.65% against the CHF and closed at 0.9591. The Swiss Franc gained ground, after the nation’s trade surplus widened to CHF 3.74 billion in July...

For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.5686, after the CBI monthly total order book balance unexpectedly improved to -1 from -10 in July. Meanwhile,...

For the 24 hours to 23:00 GMT, the EUR rose 0.98% against the USD and closed at 1.1230. In a notable development, Greek PM Tsipras resigned and called for early election in September. In economic...

Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.1080, which will be followed by reaching resistance level...

Talking Points:US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11904, 11853, 11801 Resistance: 11979, 12050, 12114 The Dow Jones FXCM US Dollar Index continues to...

Talking Points:USD/JPY Technical Strategy: Flat Support: 122.84, 122.26, 121.55 Resistance: 123.41, 124.12, 124.56 The US Dollar continues to sink against the Japanese Yen, with prices dropping to...

Talking Points:EUR/USD Technical Strategy: Flat Support: 1.1219, 1.1171, 1.1112 Resistance: 1.1267, 1.1326, 1.1466 The Euro continues to recover against the US Dollar, with prices advancing to the...

For some time now that I’ve been looking closely at the yen’s daily movements. Prices are swinging around a resistance made back in 2007, and it’s interesting to note that so far...

Talking Points:USD/CHF Technical Strategy: Flat Support:0.9529, 0.9441, 0.9332 Resistance: 0.9617, 0.9726, 0.9793 The US Dollar continued to sink against the Swiss Franc, with sellers claiming a...