Forex Opinion & Analysis

GBP/USD has been rising recently inside the 4-hour Down Channel that was earlier identified by Autochartist – as you can see from the following trade alert for this currency pair. GBP/USD is...

EUR/USD Daily Analysis: Bulls failed to sustain a high over 1.3732, short-term consolidation resistance since Tuesday. This has cooled the bullish correction momentum a bit, though the v-shaped...

On Friday, the AUD strengthened marginally against the USD to close at 0.9365.LME Copper prices edged up marginally by $1.0/MT to $ 6950.0/MT. Aluminium prices declined 1.2% or $21.5/MT to...

On Friday, the USD declined marginally against the CAD to close at 1.0870.In economic news, the Statistics Canada reported that foreign investors reduced their holdings in Canadian securities by...

EUR/USDRisk reward: 1.50Trend: UpBuy at 1.3702 SL 1.3670 TP 1.3750USD/JPYRisk reward: 1.00Trend: NeutralSell at 101.52 SL 101.84 TP 101.2 GBP/USDRisk reward: 1.78Trend: UpBuy at 1.6820 SL 1.6788 TP...

On Friday, the USD rose 0.15% against the CHF and closed at 0.8920.In the Asian session, at GMT0300, the pair is trading at 0.8914, with the USD trading 0.07% lower from Friday’s close.The pair...

On Friday, GBP rose 0.17% against the USD and closed at 1.6822.Late Saturday, the Bank of England (BoE) Governor, Mark Carney, citing large increase in the nation’s mortgage level, cautioned...

On Friday, EUR declined 0.14% against the USD and closed at 1.3696, as the latter advanced following the release of strong housing data from the US economy. Data from the world’s largest economy...

Canadian Core CPI is expected to be at 0.2% and we’ll be looking for a deviation of 0.3% in order to trade. With the BOC likely to keep their policy stance unchanged in the short-term,...

The US Existing Home Sales report is unlikely to be a strong market mover, but since housing is the foundation of the US economy, a sudden change in this figure, whether up or down, should cause the...

Canadian Core Retail Sales is a very tradable report for the CAD, and depending on the level of deviation, we should see plenty of market reaction. However, the CAD is still very resilient lately on...

UK Revised GDP (quarter-on-quarter) q/q is the second GDP release for the Q1 of 2014. Due to the nature of these GDP releases, the market will react strongly to any sharp surprises, and considering...

UK Retail Sales is expected to come in at 0.4% and we’ll be looking for a deviation of 0.5%. Since this release is scheduled along with the Monetary Planning Committee (MPC) Minutes, I would...

Release of the UK Monetary Planning Committe (MPC) Meeting Minutes will be the first time for the market to get a glimpse of what took place during the MPC meeting two weeks ago. With BOE not in the...