Forex Opinion & Analysis

A quiet US session after the dollar gapped higher over the weekend. The greenback benefited from expectations that the Federal Reserve is closer to tightening. New Homes Sales, the Markit US Composite...

The following are the trends and levels for EUR/USD, EUR/JPY, and EUR/CHF as provided by the technical strategy team at Erste Group. Original post

BIAS: This appears still to be in a correction higher - take care with the potential for complicated structures.Resistance: 1.6575-80 1.6597 1.6620-25 1.6650Support: 1.6560-65 1.6535 1.6520...

EUR/USDThe euro traded lower against the dollar on Monday even after data revealed U.S. new home sales disappointed in July, as the greenback held firm on broad consensus that the U.S. economy...

USD/JPY continues to fall after the recent reversal from the top of the hourly up channel chart pattern that was previously identified by Autochartist – as you can see from the following trade...

The Tuesday session starts out with absolutely nothing going on in Asia as far as economic announcements are concerned, and as a result we feel that the US session will be the one to pay the most...

For the 24 hours to 23:00 GMT, the USD rose 0.21% against the CAD to close at 1.0991. The CAD extended its Friday session losses triggered by the release of dismal inflation data.The consumer prices...

For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CHF and closed at 0.9161.In the Asian session, at GMT0300, the pair is trading at 0.9145, with the USD trading 0.17% lower from...

For the 24 hours to 23:00 GMT, the GBP rose 0.12% against the USD and closed at 1.6568.Over the weekend, in the Jackson Hole Summit, the BoE Deputy Governor, Ben Broadbent, stated that wage growth in...

For the 24 hours to 23:00 GMT, the EUR declined 0.08% against the USD and closed at 1.3186, following dismal Ifo data from Germany, which dampened the optimism over the health of the Eurozone’s...

We have had a good forecast for yesterday with 5 out of the 7 pairs conforming to our forecast. As we had thought through the course of the day the US dollar weakened while the Japanese yen...

The Australian 200 Index has finally been able to surge higher to a new six year high around 5650 late last week before easing off to finish out the week.  It has continued that form into...

For the best part of the last couple of weeks the Aussie has traded close and around the 0.93 level after spending the preceding few weeks drifting lower from near 0.95 and so it remains there...

Last week's speech by J. Yellen at Jackson Hole provided substantial support to the world's reserve currency in the Forex Intl Trading (OTC:FXIT) market. The Chairman of the Federal Reserve said that...