Forex Opinion & Analysis

Incoming economic data, led by global economic confidence survey came in solid which helped support risk appetite. Yet it was the political landscape which took center stage. With EU parliamentary...

European elections The EU parliamentary elections were perhaps a bombshell in the longer term perspective, but the market isn’t sure what to do with these results in the short term, as the...

On this Bank holiday Monday either side of the pond, the two biggest market fears, the Euro and Ukraine parliamentary election results, combined with the ECB meet in Sintra, Portugal could have had an...

Market BriefFX markets are subdued at the start of the trading week with UK and US on holiday and with politics dominating discussions. There is however, a slight cautious tone as Eurosceptic national...

EUR/USD has started the week quietly, as the pair trades in the mid-1.36 range in Monday's European session. There is some nervousness in the markets following strong showings by...

EUR/USDCurrent level - 1.3638 The overall bias remains bearish, for a slide through 1.3614 low, en route to 1.3560. Initial resistance lies at 1.3645, followed by the crucial one at...

Talking Points:Yen weakens after the Bank of Japan releases their April Meeting Minutes USD/JPY breaks above 102.00 handle following the release BOJ minutes show minority dissent amongst board...

The U.S. Dollar advanced against most of the majors as positive metrics issued by the Commerce Department reinforced the belief that the world’s biggest economy is expanding, especially as the...

GBP/USD Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while the pair is trading below the resistance level 1.6885, which will be followed by it...

EUR/USD The pair dropped last week and kick-started trading Monday with negativity, affected by the breakout below 23.6% Fibonacci correction of the upside wave from the low at 1.2756 to the top at...

The euro remains soft, in particular against Canadian dollar, as markets await ECB president Draghi's speech today. It's widely expected ECB will act in June to overcome low inflation. But, markets...

GBP/JPYDaily Pivots: (S1) 171.29; (P) 171.54; (R1) 171.81; Intraday bias in the GBP/JPY remains neutral for the moment. Near term outlook is a bit mixed. But still, price actions from 174.84 are...

On the USD/CAD we are tracking a deep but still corrective price action from start of the year. We are looking at wave 4) that is part of an big impulsive rally from a weekly chart. Usually fourth...

The New Zealand dollar has been looking a little rough as of late after pushing to remarkable highs after the recent interest rate rises which have seen the RBNZ push rates by 25 basis points during...