Forex Opinion & Analysis

EUR/USDThe ECB is carrying out a two-pronged examination of the euro area’s most significant banks before it becomes the region’s single supervisor in November. The Frankfurt-based central...

USD/CHF recently broke the Rising Wedge chart pattern that was previously identified by Autochartist on the daily charts – as you can see from the following trade alert for this currency pair....

On Friday, the AUD weakened 0.15% against the USD to close at 0.9387.LME Copper prices rose 0.7% or $47.0/MT to $6777.5/MT. Aluminium prices edged up 0.1% or $1.0/MT to $1845.0/MT.In the Asian...

On Friday, the USD declined 0.60% against the CAD to close at 1.0755. The Canadian Dollar advanced after data showed that consumer inflation rate in Canada rose more-than-expected to 2.3% (YoY) in...

On Friday, the USD rose 0.22% against the CHF and closed at 0.8960.In the Asian session, at GMT0300, the pair is trading at 0.8950, with the USD trading 0.11% lower from Friday’s close.The pair...

On Friday, the USD strengthened 0.20% against the JPY and closed at 102.14.During his speech to an annual meeting of trust association, the BoJ Governor Haruhiko Kuroda, indicated that the central...

On Friday, the EUR declined 0.15% against the USD and closed at 1.3589, as ECB policymaker, Yves Mersch, opined that the Euro-zone economy had not yet exited its financial and economic crisis while...

Talking Points:Aussie and Kiwi Rise as Chinese Manufacturing PMI Data Tops Forecasts Euro May Look Past PMI Data Set, Focus on Commentary from ECB Officials US Dollar Looking to Home Sales,...

BIAS:Resistance: 102.19 102.35-45 102.64 102.70-79 Support: 101.96-02 101.84 101.60-73 101.42MAIN ANALYSIS: Price broke above both 101.99 and 102.12, but then stalled at 102.19. The correction can...

AUD/USD In the early hours to start this new week, the Australian dollar has surged higher however it has yet again run into a wall of resistance at 0.9425. It did well at the end of last week to...

The USD/CHF failed to break below 0.8907 support, indicating that lengthier sideways movement in a range between 0.8907 and 0.9036 is underway. Another rise to test 0.9036 resistance is possible, a...

GBP/USD Bull Threat Reinforced A rebound from our flagged support at 1.6925/20 post-FOMC to set up a surge to another new cycle high on Thursday. Having overcome the 1.6998 cycle peak and...

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators decreased their US...

There were three important price developments among the major currencies in the past week.First, encouraged by more hawkish signals from the Bank of England, in contrast to the Federal Reserve, Bank...