Forex Opinion & Analysis

Market BriefAustralian economy added 14.2K jobs in April (vs. 8.8K exp. and 18.1K last), the unemployment rate remained unchanged at 5.8% for the stable participation rate of 64.7%....

EUR/USDRisk reward: 1.84Trend: UpBuy at 1.3909 SL 1.3877 TP 1.3968USD/JPYRisk reward: 1.44Trend: DownSell at 101.86 SL 102.18 TP 101.40GBP/USDRisk reward: 2.12Trend: Strong UpBuy at 1.6950 SL 1.6918...

The U.S. dollar slumped to a six-month low versus several Forex majors on concerns over the situation in the Ukraine, and as traders exerted caution before Fed chairwoman Janet Yellen testified on the...

GBP/USD Open 1.6953 High 1.6988 Low 1.6942 Close 1.6950On Wednesday the GBP/USDr traded within small almost 40 pip range. The Cable depreciated from 1.6988 to 1.6949 yesterday, in converse with the...

GBP/JPYDaily Pivots: (S1) 172.26; (P) 172.61; (R1) 173.10; Intraday bias in the GBP/JPY remains neutral for the moment. The cross is still staying in medium term consolidation pattern from 174.84....

EUR/USDThe euro weakened from almost a seven-week high before the European Central Bank is forecast to refrain from adding additional monetary stimulus at a meeting tomorrow. The U.S. currency...

GBP/CHF continues to rise in the direction of the Key Resistance Level 1.4931 that was previously identified by Autochartist on the daily charts – as you can see from the following trade...

For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD to close at 1.0900, as Fed Chief, Janet Yellen’s upbeat outlook on the US economic recovery benefited the US Dollar while an...

For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CHF and closed at 0.8762, as traders cheered Fed Chief, Janet Yellen’s upbeat view on the recovery prospects of the US economy.In...

For the 24 hours to 23:00 GMT, the USD strengthened 0.18% against the JPY and closed at 101.86, buoyed by the Fed Chief, Janet Yellen’s cheerful outlook of the US economy.Late Wednesday,...

For the 24 hours to 23:00 GMT, the GBP fell 0.10% against the USD and closed at 1.6956, as Fed Chief, Janet Yellen’s upbeat view on the US economic outlook supported the US Dollar.In the Asian...

For the 24 hours to 23:00 GMT, the EUR declined 0.10% against the USD and closed at 1.3912, as the latter benefitted from Fed Chief, Janet Yellen’s optimistic view on the future of the US...

Looks like we may have a nice day ahead with many fundamental news items coming out that could affect our markets. The British pounds, euro, US and Australian dollar pairs would be the ones to watch....