Forex Opinion & Analysis

Talking Points:US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 10383, 10375, 10354 Resistance:10431, 10452, 10473 The Dow Jones FXCM US Dollar Index is attempting...

EUR/USD is awaiting a range breakout between 1.3539 & 1.3671 for directions, says JP Morgan."No conclusion yet whether the downtrend has already been resumed or whether we are still due for a...

EUR/USD Daily Analysis: We waited a bit too long to get short yesterday – price entered our 1.3640-1.3670 sell zone for several hours but never gave us the confirmation we wanted. We did...

For the 24 hours to 23:00 GMT, the AUD weakened 0.19% against the USD to close at 0.9394.LME Copper prices declined 0.9% or $63.0/MT to $ 7110.0/MT. Aluminium prices declined 2.0% or $38.5/MT to $...

For the 24 hours to 23:00 GMT, the USD marginally declined against the CAD to close at 1.0651.On the macro front, new housing price index in Canada advanced 1.5% in May on an annual basis, compared to...

For the 24 hours to 23:00 GMT, the USD rose 0.17% against the CHF and closed at 0.8926.In the Asian session, at GMT0300, the pair is trading at 0.8928, with the USD trading marginally higher from...

For the 24 hours to 23:00 GMT, the GBP fell 0.15% against the USD and closed at 1.7129, after trade deficit in the UK unexpectedly widened to £2.4 billion in May, raising fears that the strength...

For the 24 hours to 23:00 GMT, the EUR declined 0.26% against the USD and closed at 1.3606, as Euro-zone’s debt-ridden banking sector threw up more concerns following news that Portugal’s...

Talking Points:USD/CADTechnical Strategy: Flat Support: 1.0643, 1.0613, 1.0563 Resistance: 1.0700, 1.0749, 1.0790 The US Dollar is trying to build upward as expected against its Canadian counterpart...

Talking Points:AUD/USD Technical Strategy: Short at 0.9414 Support:0.9305, 0.9223, 0.9181 Resistance: 0.9422, 0.9463, 0.9507 The Australian Dollar fell as expected against its US namesake after...

Talking Points:GBP/JPY Technical Strategy: Flat Support: 173.39, 173.13, 172.44 Resistance: 173.98, 174.50, 175.35 The British Pound moved lower against the Japanese Yen as expected after...

Talking Points:EUR/JPY Technical Strategy: Flat Support: 137.65-83, 136.70-93, 136.21 Resistance: 138.20, 138.75, 139.27 The Euro turned lower anew against the Japanese Yen, dropping below...

This week we are observing a bullish correction in EUR/GBP. The cross rebounded from a 2-year low of $0.7910 hit on Monday to $0.7965 on Thursday. The 0.7910 mark is the bottom of the 12-month bearish...

For traders of any genre, when prices begin tagging key technical lines in a predictable fashion, it is a signal that high probability trades are lurking beneath the surface and that a breakout is...