Forex Opinion & Analysis

Dollar looking to end the month stronglyThe rally in the US dollar paused yesterday ahead of today’s GDP announcement from the States, with a little bit of profit taking the likely motivations....

EUR/USDEuro rose modestly on Thursday extending as currency traders closely observed high-level discussions in Brussels regarding the Greek debt crisis. In its latest financial stability review...

Market BriefRisk sentiment remains volatile on concerns over Greece debt repayments. Developments regarding a bailout for Greece will remain the primary driver of FX today. Asia equity markets were...

The USD has consolidated a bit back to the weak side ahead of what is widely expected to be a steep negative revision to the US Q1 GDP, and well into outright negative territory on an annualised...

EUR/USDRisk reward: 2.31Volatility: HighDown at 1.0967 Limit 1.0999 Target 1.0893USD/JPYRisk reward: 2.41Volatility: HighUp at 123.62 Limit 123.30 Target 124.39GBP/USDRisk reward: 2.78Volatility:...

EUR/USDCurrent level - 1.0951 The intraday bias here is positive, for a rise towards 1.1050 major resistance area. Crucial on the downside is 1.0860 low and a break through the latter will challenge...

EUR/USD rebounded from 1.0818, and after testing the 61.8% Fibonacci retracement level of the upleg from 1.0519 to 1.1466, the pair has found resistance at the top of the Ichimoku cloud.The near-term...

For the 24 hours to 23:00 GMT, the AUD weakened 0.98% against the USD to close at 0.7658.LME Copper prices rose 0.53% or $32.0/MT to $6117.0/MT. Aluminium prices rose 1.18% or $20.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.76% against the CHF and closed at 0.9425.On the macro front, industrial production in Switzerland retreated 0.5% QoQ in the first quarter of 2015,...

For the 24 hours to 23:00 GMT, the USD strengthened 0.08% against the JPY and closed at 123.83.Yesterday, the BoJ Governor, Haruhiko Kuroda, mentioned that he does not see any “asset...

For the 24 hours to 23:00 GMT, the GBP fell 0.20% against the USD and closed at 1.5321, as a disappointing UK’s first quarter GDP data dampened investor sentiment.Data showed that the second...

For the 24 hours to 23:00 GMT, the EUR rose 0.60% against the USD and closed at 1.0968, as forex traders continuously monitored high-level discussions in Brussels regarding the Greek debt crisis.In...

Talking Points: USD/CHF Technical Strategy: Flat Support:0.9388, 0.9293, 0.9139 Resistance: 0.9599, 0.9723, 0.9877 The US Dollar may be readying to turn lower against the Swiss Franc...

Talking Points: GBP/USD Technical Strategy: Flat Support: 1.5189, 1.5042, 1.4860 Resistance: 1.5337, 1.5498, 1.5699 The British Pound continued to press lower against the US Dollar, making...