Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the AUD strengthened 0.60% against the USD to close at 0.7641.LME Copper prices rose 0.66% or $39.5/MT to $6041.0/MT. Aluminium prices rose 0.82% or $14.5/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD to close at 1.2503.Yesterday, the Canadian Prime Minister, Stephen Harper, mentioned that the nation would register weaker than...

For the 24 hours to 23:00 GMT, the USD rose 0.74% against the CHF and closed at 0.9657.In economic news, Switzerland’s foreign currency reserves unexpectedly advanced to a level of CHF522.30...

For the 24 hours to 23:00 GMT, the USD strengthened 0.67% against the JPY and closed at 120.29.In the Asian session, at GMT0300, the pair is trading at 120.11, with the USD trading 0.15% lower from...

EUR/USDRisk reward: 2.12Volatility: HighUp at 1.0829 Limit 1.0797 Target 1.0897USD/JPYRisk reward: 2.63Volatility: HighDown at 120.25 Limit 120.57 Target 119.41GBP/USDRisk reward: 2.09Volatility:...

For the 24 hours to 23:00 GMT, the GBP fell 0.47% against the USD and closed at 1.4817.In economic news, the UK Markit services PMI advanced to a 7-month high reading of 58.9 and remained in an...

Back in March EUR/USD bears traded close to our wave C)=A) projection level from a weekly chart at 1.0300 so we need to be aware of a possible bullish turn sometime this year. However, we still need...

The following are the intraday outlooks for EUR/USD, USD/JPY, and EUR/GBP as provided by the technical strategy team at SEB Group.EUR/USD: Traded with eyes on 1.0713. A nearby tentative trendline at...

AUD/USD first resistance at 7680/85 is key to direction. Try shorts with stops above 7705. Be ready to go with a break higher however as this is more positive and targets 7735/40. Further gains are...

Good morning. Hope all is well! We seem to have had a good forecast for yesterday with a 71% accuracy. As expected US dollar had gained a little strength (a point on our scale) across the board....

The latter half of the North American trading day was much less exhilarating than the first half as the bulk of the gains in US equities were made in the first half. The USD enjoyed a little more...

EURUSD – Sell Trade Setup Profits Heavily (4hr chart) Recently in our members commentary, we talked about selling near the key resistance level on the Euro. Yesterday we posted the chart of our...

EUR/USD Open 1.0820 High 1.0955 Low 1.0801 Close 1.0809 On Tuesday Euro/Dollar decreased with 150 pips. The European currency depreciated from 1.0955 to 1.0801 yesterday, matching the negative money...

EUR/NZD: Short One position that was opened on March 26 is still open for the pair. The pair is still consolidating after the pullback a few weeks ago but the downtrend can resume again any moment....