Forex Opinion & Analysis

The currency markets were busy overnight with the interest rate decision announcement from New Zealand, alongside the release of jobs data in Australia that showed a surprising record number of jobs...

Market BriefThe RBNZ maintained its official rate unchanged at 3.50% as expected and hinted for further pause in policy tightening. It has been restated that the NZD remains strong by historical...

EUR/USDRisk reward: 1.81Trend: UpBuy at 1.2896 SL 1.2864 TP 1.2954USD/JPYRisk reward: 1.81Trend: UpBuy at 106.72 SL 106.40 TP 107.30GBP/USDRisk reward: 2.31Trend: Strong UpBuy at 1.6192 SL 1.6160 TP...

Main scenario:The GBP/USD is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.6100, which will be followed by reaching resistance level...

EUR/USD The euro trades in near-term consolidative phase above fresh low at 1.2858, with hourly tone being in neutral mode, while overall sentiment remains negative. Yesterday’s corrective...

Main scenario:The EUR/USD is trading along a sideways trend.The downtrend may be expected to continue in case the market drops below support level 1.2890, which will be followed by reaching support...

EUR/USD: Still a fair chance wave 3 completed. TThe past three days price action has created a possible V-shaped bottom which together with 1) the arrival at the ideal target, 1.2905, for wave 3 and...

With a week to go, the Scotland question continues to roll through markets but the latest round of survey data has seen a slight recovery for the pound. An opinion poll carried out by the company...

Today’s Binary Options Trading Strategy:• Currency Pair: EUR/CAD • Timeframe: H4 (Hourly Chart) • Binary Option Trading Recommendation: Seek binary call options on dips below...

The yen has been looking weaker and weaker in the markets, and the advent of it getting weaker seems to be getting closer as tension builds up over the prospect of further stimulus to help reach...

GBP/USD Open 1.6206 High 1.6231 Low 1.6050 Close 1.6204On Wednesday GBP/USD increased significantly with 180 pips. The Cable appreciated from 1.6050 to 1.6231 yesterday, in converse with the negative...

The Australian dollar bounced back from a 6-month low, after nearly testing the 91 cent level against the US dollar. It rose back to 0.9175 on news that the Australian economy created a record number...

The New Zealand Dollar declined sharply this morning to hit a new recent low at the 0.8181 level, which was its lowest level seen since early February against the USD. Technical analysts noted that...

The U.S. Dollar remained strong versus high-yield currencies as well as against the remainder of the Forex majors on speculation that the Federal Reserve may speed up the timing for a rate hike. The...