Forex Opinion & Analysis

Market Drivers for May 23, 2014 Euro drifts to 3625 on slightly weaker IFO CIC Chairman - ECB position on easing is reasonable Nikkei 0.87% Europe .01% Oil $103/bbl Gold $1294/oz. Europe and AsiaEUR:...

We predicted at the beginning of the week that we were likely to endure a rather dull week in the currency markets. With 80% of the week out of the way, we’re fairly happy in calling that the...

The U.S. Dollar rebounded on Thursday versus the Yen and advanced against many of the majors when it was bolstered by positive economic releases out of China indicating that the preliminary Chinese...

EUR/USD - European Session The pair traded with downside bias, and now below 1.3665 and this support that turned now into resistance will keep the downside pressure valid, targeting initially 1.3520...

EUR/USD The euro eventually broke below 1.3670 breakpoint, ending a near-term consolidative phase and commencing a fresh leg lower. The price spiked lower to 1.3633 so far, ticks away from the 200SMA,...

EUR/USDRisk reward: 1.50Trend: DownSell at 1.3653 SL 1.3685 TP 1.3605USD/JPYRisk reward: 1.19Trend: UpBuy at 101.58 SL 101.26 TP 101.96GBP/USDRisk reward: 2.06Trend: Strong DownSell at 1.6876 SL...

EUR/USDCurrent level - 1.3647 The outlook here remains bearish, for a break through 1.3632 low, en route to 1.3560 and 1.3475. Key intraday resistance lies at 1.3688 and crucial on the upside is...

Euro weakness and the comparative strength of sterling remained the main theme in the forex markets as the weekly close is approaching. The main focus today is German IFO business climate, which is...

EUR/USDThe euro was set for a three-week decline before data that may show German business confidence fell, adding to signs of regional weakness that may prompt the European Central Bank to boost...

GBP/CHF recently reversed down from the upper resistance trendline of the 4-hour Up Channel that was previously identified by Autochartist – as can be seen from the following trade opportunity...

For the 24 hours to 23:00 GMT, the AUD weakened 0.21% against the USD to close at 0.9226.LME Copper prices rose 1.5% or $104.5/MT to $6945.5/MT. Aluminium prices advanced 1.8% or $31.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CAD to close at 1.0892.In economic news, Canadian retail sales unexpected dropped 0.1% (MoM) to C$41.07 billion in March, following...

For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CHF and closed at 0.8944, as traders cheered the latest batch of strong US manufacturing and housing data.In the Asian session, at...