Forex Opinion & Analysis

The GBP/USD tried to regain strength and consolidate above 1.5400 during yesterday's trading session. The cable reached a level of 1.5403 before noon but failed to hold its positions. Market...

USD/JPY Open 119.58 High 120.22 Low 119.37 Close 119.67 On Tuesday Dollar/Yen decreased with 85 pips. The currency couple depreciated from 120.22 to 119.37 yesterday, not matching the positive money...

Market Drivers For March 4, 2015 AU GDP comes in line sending AUD up relief rally UK PMI Services misses sending cable below 5350 Nikkei -0.59% Europe 0.83% Oil $50/bbl Gold $1202/oz. Europe and...

EUR/USD trading strategy: long at 1.1200, target 1.1450, stop-loss 1.1090USD/CAD trading strategy: short at 1.2530, target 1.2380, stop-loss 1.2590AUD/USD trading strategy: long at 0.7815, target...

The USD/JPY pair is still consolidating in a triangle pattern within a longer-term up-trend. The pair has risen in a D-wave up to the upper border-line of the triangle and then pulled-back after...

This market appears reluctant to do anything with the USD, though it remains generally resilient. EUR/USD attempted another half-hearted squeeze yesterday, but once again failed to get anything going...

EUR/USDCurrent level - 1.1170 The outlook here remains bearish below 1.1240 resistance, for a dip towards 1.1097 low. Crucial on the upside is still 1.1380. Resistance intraday, intraweek: 1.1240...

Forex News and EventsTo everybody’s astonishment, the RBI lowered the benchmark repo rate by 25 basis points to 7.50% via surprise action in an effort to “compensate the delay in fiscal...

Market BriefThe Central Bank actions continue dominating the week’s economic headlines. Following the PBoC rate cut, the RBI lowered the benchmark repo rate by 25 basis points to 7.50% via...

GBP/NZD is showing regular bullish divergence right at support. We can see POC forming at 2.0320 region , where the price has made a double bottom and divergence right at L3 camarilla level. We also...

The v.short-term trend is extending lower, towards the Jan 26 lows at 1.1097. It is now falling in line with the broader longer-term trend, and I expect to see it go even lower. As I said in my...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.46; (P) 184.08; (R1) 184.52; With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect strong...

EUR/USD The euro continues to move within near-term consolidative range, confirmed by the third consecutive Doji candle, however, near-term tone remains negatively aligned, as the pair posted...

EUR/USDRisk reward: 1.66Volatility: AverageDown at 1.1178 Limit 1.1210 Target 1.1125USD/JPYRisk reward: 1.94Volatility: AverageUp at 119.61 Limit 119.29 Target 120.23GBP/USDRisk reward:...