Forex Opinion & Analysis

AUD/USD for Thursday, March 5, 2015In the last 48 hours the Australian dollar has made repeated attempts to move up strongly to the resistance level at 0.7850 however it has been rejected every time...

BIAS: Look for a minor correction and new low before a recoveryResistance: 132.80-94 133.22 133.55 133.75-85Support: 132.39 131.86-09 131.50 131.13-29MAIN ANALYSIS: Losses developed as expected -...

I don't have a lot of expectations to today's ECB meeting - nothing in fact in terms of its outcome and less than normal in terms of EUR/USD volatility. We know what the ECB will do and as their QE...

No matter how pleasant the recent improving data in the Euro area is looking, it cannot seem to stop the falling Euro. The Eurozone retail sales rose for the fourth month in a row with the expansion...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Why EUR Hit 11-Year Lows Ahead of ECB It Is Not About the Dollar CAD Soars after BoC Leaves Rates Unchanged NZD Extends Gains as...

After a blistering morning session, North American markets calmed themselves Thursday afternoon and began repairing some of the damage done. Equities found their lows after PMI data hit the wires,...

We spend a lot of time, as traders, developing skills of precision trading: when to enter trades, where to put stops, when to add, when to take partial profits, when to get out and reenter. Most of...

The dollar index has been in an up trend for quite some time. The up trend started back in May of 2014. Since the breakout above the 85.00 level this market has not looked back. The market has been in...

Talking PointsEUR/USD slumps to fresh five-week lows, eyes 1.1096. USD/CAD rebounds, erases Canadian GDP losses ahead of BoC. Event risk is heavy the through the end of the week; today the focus is...

Today’s European session kicked off with the USD index breaking out from its tight overnight range early on and moving through 95.5 to the upside to print fresh 11 year highs. This consequently...

Talking Points EUR/USD approaching yearly low Gold holds above key Fibonacci level USD/CAD breakout hopes hinge on the BoC Foreign Exchange Price & Time at a Glance: Charts Created using...

In yesterday’s cable update I highlighted 1.5350 and 1.54 as being the two key levels which should tell us whether we’re still in correction mode, or the correction is over. This morning,...

In the wake of the ECB’s QE announcement in January, market participants are not expecting the ECB to unveil any further policy initiatives in tomorrow’s meeting. However the meeting is...

NZD/USDCurrently we are at 0.7594. We are looking for a continuation to the resistance area @ 0.7690 with an overall target @ 0.7750. The average daily true range (ATR) for the pair currently is 82...