Forex Opinion & Analysis

AUDUSD – Recovers All Losses from Surprise Rate Cut (1hr chart) Like many of the commodity pairs, with the sharp reversal in WTI and the key break above $51 today, the Aussie jumped over 200...

Talking Points: Kiwi Dollar Rallies as RBNZ’s Wheeler Pours Cold Water on Rate Cut Bets Yen Drops as Nikkei Advances, Aussie Dollar Follows NZ Namesake Higher Pound May Rise on PMIs, US Dollar...

EUR/USD Daily Analysis: US dollar is rallying hard as we speak on little news, which usually also corresponds to low volume and “false moves.” Regardless, the 61.8% retracement of the...

For the 24 hours to 23:00 GMT, the AUD weakened 0.29% against the USD to close at 0.7777.Yesterday, the AiG performance of services index in Australia climbed to a level of 49.9 in January, following...

For the 24 hours to 23:00 GMT, the USD declined 1.20% against the CAD to close at 1.2428.In economic news, the raw material price index in Canada retreated less than expected by 7.6% on a MoM basis in...

For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CHF and closed at 0.9245. Switzerland’s trade surplus narrowed more than anticipated to CHF1.52 billion in December, against...

For the 24 hours to 23:00 GMT, the GBP rose 0.83% against the USD and closed at 1.5157. Britain’s Markit construction PMI unexpectedly climbed to a level of 59.1 in January, from...

For the 24 hours to 23:00 GMT, the EUR rose 1.16% against the USD and closed at 1.1469.In economic news, the Euro-zone’s producer price index fell 1.0% on a MoM basis in December, compared to a...

Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1444, 1.1275, 1.1096 Resistance:1.1659, 1.1832, 1.2006 The Euro turned higher against the US Dollar as expected after putting in a bullish...

Talking Points: USD/CHF Technical Strategy: Flat Support: 0.9040, 0.8836, 0.8582 Resistance: 0.9269, 0.9498, 0.9781 The US Dollar paused to consolidate below the 0.93 figure after erasing half of its...

Talking Points: NZD/USD Technical Strategy:Short at 0.7783 Support: 0.7344, 0.7280, 0.7175 Resistance:0.7448, 0.7532, 0.7616 The New Zealand Dollar fell against its US namesake as expected but the...

EUR/USD Open 1.1462 High 1.1535 Low 1.1311 Close 1.1479 On Monday Euro/Dollar increased with 224 pips. The European currency appreciated from 1.1311 to 1.1535 yesterday, matching the positive money...

Chart 1: The strong US dollar rally is finally showing signs of weakness Over the last few sessions, we have potentially seen the first signs of weakness in the powerful US dollar rally, which...

Good morning. Hope all is well. We have had a good forecast for yesterday with an 71% accuracy. On some pairs we had an initial move as expected and later markets ended up blasting through our supply...