Forex Opinion & Analysis

Talking Points EUR/USD opens in a 73 pip range Range resistance sits at 1.0720 A decline exposes support at 1.0647 (Created using FXCM’s Marketscope 2.0 charts) The EUR/USD has opened the...

Overnight, AUD strengthened the most in 3-weeks in the wake of a stellar Australian employment report, which prompted participants to pare May RBA rate cut calls. Unemployment rate fell to a 3-month...

Talking PointsUS Dollar made new highs this week, but has reversed breakout. Failure under daily 34-EMA - support since July - would confirm. Although the US DOLLAR Index hit fresh yearly highs this...

The US dollar has had a rough couple of days as the constant drumbeat of weak economic reports from the world’s largest economy starts to take its toll. Today brought another trifecta of...

Currently we are at 1.3828 after a bounce on the support. We are looking for a shallow correction and then a continuation to the Fibo support area at 1.3620 with an overall target at 1.3512. The...

USD/JPY Open 119.14 High 119.75 Low 118.77 Close 119.11 On Wednesday Dollar/Yen decreased with almost 100 pips. The currency couple depreciated from 119.75 to 118.77 yesterday, not matching the...

EUR/USDCurrent level - 1.0636 Although the intraday bias is negative after the recent peak below 1.0750, the overall outlook remains bullish above 1.0620, for a rise towards 1.0800 area. Crucial on...

Market Drivers for April 15, 2015 Grexit fears weigh on EUR/USD AU Employment beats forecasts Nikkei .08% Europe -0.51% Oil $56/bbl Gold $1205/oz. Europe and AsiaAUD: Employment 37.7K vs. 14.9KAUD:...

GBP/USD - Technical Report From 1.4700-proposed entry- to our upside target at 1.4830, the pair has achieved the bullish scenario. Currently, traders are facing a very tough obstacle, but positive...

KEY DATA RELEASES TODAY (BST) :13:30 USD Housing Starts 1.05M v 0.90M 13:30 USD Building Permits 1.08M v 1.09M 13:30 USD Unemployment Claims 284K v 281K 15:00 USD Philly Fed Manufacturing Index 6.5v...

The American dollar continues to decline against the Japanese Yen amid bad American macro-economic statistics. The pair is traded in the range of 119.20-119.44. Many analysts fear that despite...

AUDUSD has burst through 7680/85 overnight and has also cleared the 7 week trendline resistance. We now meet strong resistance at 7777/7782. Although the outlook is quite positive, we should struggle...

USDJPY has a small double bottom pattern and being oversold in the short-term this could trigger a move up to the first resistance at 119.25/30. This could hold a move higher but above here look for...