Forex Opinion & Analysis

The New Zealand dollar is consolidating into a nice pennant shape on the daily chart as it bounces between the recent 4 year lows and the solid resistance at the 76 cent mark. Source: Blackwell...

EUR/USDThe euro fell slightly against the dollar on Wednesday after the minutes from the Federal Reserve's March meeting signified that the U.S. central bank could be placing more emphasis on the...

At Wednesday's minutes, the members of the Federal Open Market Committee appeared to be divided on whether to raise interest rates at its June meeting. Following weaker than expected GDP growth and a...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.64% against the USD to close at 0.7690.LME Copper prices rose 0.23% or $14.0/MT to $6055.0/MT. Aluminium prices declined 0.56% or $10.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD to close at 1.2540. The commodity based currency CAD was weighed down by the plunge in crude oil prices.In the Asian session, at...

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9665. The Swiss Franc lost ground, after consumer prices in Switzerland dropped 0.9% YoY, registering its steepest...

For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.4883, rebounding from its previous session losses.In the Asian session, at GMT0300, the pair is trading at 1.4874,...

For the 24 hours to 23:00 GMT, the EUR declined 0.33% against the USD and closed at 1.0786, on the back of downbeat German factory orders data.Data showed that German factory orders unexpectedly fell...

Thursday 9th April sees the Bank of England Monetary Policy Committee Meeting and Announcement (at 12:00 BST, GMT+1). Although no change is the very likely outcome, we still see the technical risk to...

Talking Points:US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11970, 11858, 11679 Resistance:12066, 12177, 12356 The Dow Jones FXCM US Dollar Index may be carving out...

Talking Points: USD/JPY Technical Strategy: Flat Support: 119.66, 118.93, 118.20 Resistance: 120.68, 121.41, 122.13 The US dollar looks poised to extend upward against the Japanese yen after prices...

Talking Points: EUR/USD Technical Strategy: Flat Support: 1.0712, 1.0640, 1.0513 Resistance:1.0868, 1.1040, 1.1122 The Euro looks poised to continue lower against the US Dollar after prices put in a...

Talking Points: USD/CHF Technical Strategy: Flat Support:0.9428, 0.9213, 0.8997 Resistance: 0.9746, 0.9910, 1.0177 The US dollar is attempting to launch a recovery after finding support below...

Talking Points: GBP/USD Technical Strategy: Flat Support: 1.4805, 1.4706, 1.4597 Resistance: 1.4984, 1.5093, 1.5201 The British Pound failed to breach the top of the range capping gains against the...