Forex Opinion & Analysis

EUR/USD The euro is probing above 1.38 barrier, following several attempts to break higher that formed hourly bullish pennant. Positive near-term studies are supportive for further advance, with...

Cable (GBP/USD) top intact, with risk for a roll lowerA cautious tone, with the grinding recovery effort stalling ahead of a better barrier at 1.6715, which we see capping this week with threat of...

GBP/USDOpen 1.6630 High 1.6677 Low 1.6617 Close 1.6627On Tuesday the GBP/USD decreased with 60 pips. The Cable depreciated from 1.6677 to 1.6617 yesterday, in converse with the positive money flow...

EUR/USDEurope’s two-speed economy was underscored in data showing strengthening in the German labor market. Overall euro-area unemployment was at 11.9 percent in February. In Italy it rose to 13...

The Australian dollar fell after February building approvals data came weaker than expected, currently trading at 0.9235. U.S indices rose for a third session on Tuesday, with S&P 500 ending at a...

EUR/USD Daily Analysis: The euro is once again (very) slowly pushing higher, this time into yesterday’s sell zone above 3810. We would be more thrilled if there was a bearish strength...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.90; (P) 172.20; (R1) 172.66; Intraday bias in the GBP/JPY is mildly on the upside for 173.57 resistance. Overall outlook is unchanged. Price actions from...

For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.1030.The Canadian Dollar gained ground after data revealed that the Canadian raw materials price index advanced by...

For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.8835.In economic news, the Swiss SVME – purchasing managers’ index fell to a three-month low reading...

For the 24 hours to 23:00 GMT, the USD strengthened 0.41% against the JPY and closed at 103.64.In the Asian session, at GMT0300, the pair is trading at 103.86, with the USD trading 0.21% higher from...

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.6630, after data showed that the UK Markit manufacturing PMI fell to a 8-month low reading of 55.3 in March, contradicting...

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3794, as traders cheered the latest batch of upbeat economic data across the Euro-zone.Data showed that Euro-zone...

EUR/USDOpen 1.3793 High 1.3816 Low 1.3768 Close 1.3790On Tuesday the EUR/USD increased with 90 pips. The European currency appreciated from 1.3768 to 1.3816 yesterday, matching the positive money flow...