Forex Opinion & Analysis

USD/JPY Open 121.01 High 122.03 Low 120.83 Close 121.08 On Tuesday Dollar/Yen decreased strongly with 120 pips. The currency couple depreciated from 122.03 to 120.83 yesterday, not matching the...

Currently we are at 0.7627. We MIGHT have the first signs of breaking out of the range and if so we are looking for a continuation to the support area at 0.7924 with an overall target at 0.7400. The...

The pound traded with high volatility last week, having approached local lows again; then GBP/USD corrected up to the level of 1.5140. At the present time, trades are being conducted below 1.5100,...

In our last forecast of USD/CAD we said, that it is probably in the middle of a correction. So, we assumed that once it is finished, the pair should head down again in the face of wave C. The chart...

EUR/USD - Technical Report The pair has moved sharply to the downside, as it failed to maintain levels above 161.8% Fibonacci projection of the above seen wave at 1.0825. All eyes should be on the...

Since Friday morning the NOK has weakened roughly 1.5% vis-à-vis its European counterpart. The move is significant as the ECB started its bond purchase programme on Monday, which has sparked a...

EUR/USDCurrent level - 1.0648 The general downtrend continues to be intact, heading towards 1.0490 mark. Initial intraday resistance lies at 1.0720 and crucial on the upside is 1.0907...

KEY DATA RELEASES TODAY (GMT) :0930 GBP Manufacturing Production m/m exp 0.2% v 0.1% 1430 USD Crude Oil Inventories exp 4.5M v 10.3M 1500 GBP MPC Member Weale Speaks 1500 GBP NIESR GDP Estimate 0.7%...

Forex News and Events The UK’s industrial and manufacturing production contracted by 0.1% and 0.5% in January, respectively. The unexpected slowdown in manufacturing output is mostly due to 9.5%...

Dollar strength concerns markets Currency moves is doing the Fed’s work Euro demand for U.S assets intensifies China needs further policy support The global rate differentials argument continues...

Market BriefThe EUR/USD continues sliding lower amid last minute uncertainties on whether negotiations with Greece would start in Athens as scheduled today. The pair hit 1.0666 as Asian traders...

GBP/USD M pattern forming with fresh bearish momentumGBP/USD has entered a new bearish momentum and we can see that M 1 2 3 reversal pattern is forming on H1 time frame. Until break of 1.5025 confirms...

US Dollar IndexThe U.S. dollar traded mixed against its major peers on Wednesday, still supported by speculations on a rate hike in June. Job openings climbed to 4.998 million in January from 4.877...

Mario Draghi looked very confident when speaking in Frankfurt this morning. QE look to be working when EUR/USD is down to 1.0600 (at the time of writing) – down almost 3% on the week the program...