Forex Opinion & Analysis

The currency market was very quiet in April with the major pairs trading sideways. Despite the continued Federal Reserve QE3 tapering, the US dollar failed to strengthen significantly. The US GDP...

An interesting announcement was made by the Reserve Bank of New Zealand this morning regarding the currently high New Zealand Dollar. Intervention by the RBNZ is a distinct possibility at these high...

US Dollar Hits 6-Month Low After Another Dramatic Decline S&P 500 Slumps Back to Recent Range Bottom Above 1850 Gold Continues to Look Vulnerable on Triangle Chart Setup US DOLLAR TECHNICAL...

Kiwi falls sharply after RBNZ governor Wheeler warns of intervention JPY on the march as risk aversion dominates sentiment USDJPY potentially set for further downside if ECB meeting Thursday...

Sterling remains a sneeze away from fresh, near-5 year highs this morning against the USD. Two of this year’s strongest trends have been strong data from the UK and doubts over the strength and...

GBP/NZD continues to fall inside the daily Flag chart pattern that was previously identified by Autochartist – as you can see from the following trade opportunity alert for this currency pair....

Michael Freedman took up trading after selling his business. His early efforts were met with relative success but then came the day it all changed: “It was in late 2009, stocks were rallying but...

The U.S. dollar plummeted against the majority of its foreign currency counterparts following the release of economic reports indicating that the U.S. Trade Deficit narrowed, though the contraction...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.74% against the USD to close at 0.9347, following the RBA’s interest rate decision.Yesterday, the Paris-based OECD projected the Australian...

For the 24 hours to 23:00 GMT, the USD declined 0.61% against the CAD to close at 1.0893.In economic news, Canada’s merchandised trade surplus narrowed to C$79.0 million in March, compared to...

For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.8745, as the US trade balance data failed to meet market expectations for March.In the Asian session, at GMT0300,...

For the 24 hours to 23:00 GMT, the USD weakened 0.46% against the JPY and closed at 101.68, following the releases of lacklustre US trade balance data for March.In economic news, the OECD slashed its...

For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.6973, after the UK Markit service PMI beat expectations and rose to a level of 58.7 in April, the highest level since...