Forex Opinion & Analysis

Whilst exchange rates are notoriously hard to predict, the decision of the ECB to buy euro 60B per month from March 2015 to end-September 2016 (and more if necessary) is widely seen as bearish for...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting @ 1.1208. Looking to see how strong the reaction we get here. We are looking for a bounce back to the 0.382 fibo @ 1.1468 and...

Dollar Outlook – Will the Race to Ease Delay Fed Hike? EUR and the Prospect of Further Losses CAD Nears 1.25 AUD Crushed by Rate Cut Fears NZD: Chinese Manufacturing Activity Improves Per...

The aussie has finally broken out of the sideways range it was in and broken below key support at both 0.8000, which has psychological significance and is a round-number - and the S1 monthly pivot at...

The Decision The ECB is to expand asset purchases as expected. Under the programme, combined purchases will be €60 billion per month until the end of September 2016 or until the inflation outlook...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.94; (P) 178.07; (R1) 178.95; Intraday bias in GBP/JPY remains neutral for the moment after drawing support from 61.8% retracement of 168.01 to 189.70 at...

Today’s Binary Options Trading Strategy:• Currency Pair: USD/CAD• Timeframe: H4 (Hourly Chart)• Binary Option Trading Recommendation: Seek binary put options on rallies above...

EUR/USDThe euro fell against the other major currencies on Thursday after the European Central Bank launched a large scale quantitative easing program in an attempt to combat slowing growth and...

GBP/USD -- Main scenario:The pair is trading along an downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.5005, which will be followed by reaching...

EUR/USD: Main scenario:The pair is trading along an downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.1370, which will be followed by reaching support...

Market BriefThe ECB unveiled the much expected QE program yesterday. In addition to its private bond purchases introduced in the last quarter of 2014, the ECB will start buying 60 billion euros...

EUR/USD - European Session The pair dropped sharply and broke 1.1470 then 1.1370 levels strengthening our previously suggested negative expectations, and holding below the referred to levels is...