Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.3645, recovering from its initial losses which were triggered by ECB President’s dovish remarks and following...

Canadian statistics on inflation, published last Friday, were in line with expectations. It is worth pointing out that the inflation rate reached the target of 2 % of the Bank of Canada for the first...

While Friday’s trading did provide a dull end to the week, yesterday’s U.S. bank holiday lull extended the same impact. Having said that, there were some telling developments from several...

Australia 200 for Tuesday, May 27, 2014To start this week, the Australia 200 Index moved away a little from the key 5500 level before starting to drift lower back towards it. Over the last month...

AUD/USD for Tuesday, May 27, 2014Over the last few hours the Australian dollar has finally shown some life as it has moved slightly higher away from the support level around 0.9220 to above...

The EUR/USD remains in downtrend from 1.3993, the rise from 1.3613 is likely consolidation of the downtrend. Near term resistance is at the upper line of the price channel on 4-hour chart. As long as...

USD/CADThe Canadian dollar is firm on Monday, as USD/CAD trades in the mid-1.08 range early in the North American session. It’s a very quiet day on the release front, with the US...

EUR/USDWith a distinct lack of tier 1 data from the Eurozone and both the UK and US away from market, today’s trade was a relatively subdued affair, although did see the pair trade in minor...

The Japanese yen is flat on Monday, as USD/JPY trades in the high-101 range late in the European session. Trade is expected to be thin, as US markets are closed for the Memorial Day holiday. In Japan,...

Good afternoon, dear traders and investors. The Forex market is not expected to have any active fundamental news background as the U.S. and the UK respectively celebrate the Memorial Day and the...

EUR/USD is crawling up from the lows of Friday and earlier today in the $1.3615 area. Euro’s oversold and there’s divergence in the MACD and RSI at H4. Still, we believe that recovery will...

The euro has remained under pressure following Mario Draghi’s dovish announcements and that has seen the currency fall in four of the last five trading sessions.EUR/USD is likely to remain weak...

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...