Forex Opinion & Analysis

CALENDAR USD/TRY Turkish CPI rose 0.45% mom and 9.32% yoy in July, exceeding the median forecast of a 0.15% rise. Domestic producer prices rose 0.73% mom and 9.46% yoy. Food remained a key driver...

Economic Events GBP/USD British Construction PMI amounted in July to 62.4 vs. 62.6 in the previous month and median forecast of 62.0. The survey showed that hiring in the sector rose at the...

Currently the CAD/JPY is at 93.95.We are looking for a continuation to the support area at 93.44 after the break of the bear flag. The average daily true range (ATR) for the pair currently is 37...

AUD/USD hit our target of 9275/70 again on Friday. The pair bottomed exactly here and beat 9320 but halted 5 pips below our resistance at 9340. We should struggle again at 9335/40 with a good chance...

USD/JPY has started a new bull trend after breaking a 7 month continuation pattern. Friday we consolidated gains as we battle overbought conditions with a dip to trend line support at 102.30. This...

GBP/USD, unable to beat 1.6895/00 and broke 100 day moving average support at 1.6855 to signal the end of the bull trend. This did trigger big stops in the market as predicted, almost as far as our...

The upcoming week is another busy one for the financial markets. Not only do we have a variety of economic data released throughout the major economies, but we also await interest rate decisions from...

EUR/USDRisk reward: 1.12Trend: DownSell at 1.3431 SL 1.3463 TP 1.3395USD/JPYRisk reward: 0.97Trend: NeutralBuy at 102.53 SL 102.21 TP 102.84GBP/USDRisk reward: 1.37Trend: DownSell at 1.6835 SL 1.6867...

EUR/USD: bounce back on short termYou can see that the price broke the weekly ascend­ing trend­line (red line) and now is falling down. This pair remain bear­ish, now is trad­ing above...

Market BriefFriday’s jobs report showed that the US economy added 209’000 new jobs in July (vs. 230K exp. and 288K last), the unemployment rate deteriorated from 6.1% to 6.2%, while the...

EUR/USDCurrent level - 1.3421 Friday's break through the dynamic resistance at 1.3400 signals a reversal of the downtrend from 1.3650 and the pair has entered a corrective phase, before next drowning...

After wrapping up last week with some gains, the EUR/USD is flat on Monday. The pair is trading in the low-1.34 range in the European session. On Friday, US Nonfarm Payrolls came in at 209...

EUR/USD The dollar maintains its latest short term weakness across the board, following the disappointment of NFP last Friday: the US economy created 290K new jobs in July below market expectations,...

The euro gained some traction against the British pound this past week, as the EUR/GBP pair broke an important short-term bearish trend line to trade close to 0.7980 level. There is a chance that the...