Forex Opinion & Analysis

UK CPI year-on-year (y/y) release will be widely watched as a strong release could accelerate the timeline for BOE rate action, while continuous drop in inflation will provide more wiggle room for the...

Looking around the various Forex markets, I am seeing that we could very easily see a bit of a “risk on” tone in the short-term. The EUR/USD sits at significant support, and the pound has...

Two-way trading was the call on Friday which turned out to be correct; even though I hadn’t anticipated such narrow ranges. Nevertheless, there was nothing wrong about the moves and they fit...

AUD/USD for Monday, May 19, 2014For the last week or so the Australian dollar has been placing pressure on the resistance level at 0.94. It was able to poke through for a short period and reach a...

The AUD/USD continued its sideways movement in a range between 0.9318 and 0.9408. Key support is at 0.9318 and as long as this level holds, the price action in the range could be treated as a...

• Falling Treasury yields driving dollar • Regional data reports will be the focus • USDCAD range to remain intact The week is ending with a fizzle. US Federal Reserve chairman Janet...

US Dollar Rally Will Stall Without a SparkThe US dollar managed to turn a close call test of 14-month lows into an impressive rebound over the past two weeks.Euro Tender as Data Slump Worsens amid...

EUR/USDWhat ProAct Forex Target Traders See: We are currently sitting at 1.3716 after a violent correction. The correction should set up a run back to the 5th wave R5 at 1.4024 with a stall at 1.3850...

Attention Turns to BoE MPC Votes Tuesday Will the BoE hawks come out to play? This week saw the pound slip to a four-week low on Wednesday (£1.6753), after investors were left disappointed...

India:India’s Opposition Wins Election by Landslide Election Result Pushes Rupee and Sensex Higher New Indian Government Will Inherit Slow Output and High Inflation Indian Central Bank Could...

EUR/USDThe connotations of a potential QE programme sent the EUR/USD gradually lower over the week, with markets continuing to speculate over further monetary easing by the central bank. ECB source...

EUR/USDThe euro continues forming ascending impulse. We think, today price may reach level of 1.3734 and then start correction towards level of 1.3600, at least. Later, in our opinion, instrument may...

EUR/USDCurrently we are at 1.4644 in a bear flag. We are looking for a break and then a continuation to the S7 area at 1.4557. The average daily true range (ATR) for the pair currently is 128 pips.