Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD weakened 0.39% against the JPY and closed at 102.85. The Japanese Yen rose against the US Dollar as lingering concerns over China’s economic growth and...

For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.6621, after the Bank of England (BoE) Governor, Mark Carney dampened expectations for rate hike in the near future, to...

For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.3856, after the ECB Vice President, Vitor Constancio opined that market participants did not fully understand the...

The euro stayed above the 1.3833 support and came higher. We could not break the 1.3880 resistance; however, this leaves us still within the recent range. Looking at the daily charts there seems to...

There was little to report today in the major FX pairs, though we did see key tests of support for GBP In EURGBP, GBPUSD and GBPJPY after in-line production figures today — so this could be an...

Tomorrow New Zealand's Central Bank Governor Graeme Wheeler is widely anticipated to raise the official cash rate by 25bps to 2.75%. With the AUD/NZD in a steep decline and only 580 pips above parity,...

Dollar Climbs a Third Day as S&P 500 Starts an Early StumbleThe Dow Jones FXCM Dollar Index advanced for a third day through Tuesday. While encouraging for the currency, conviction remains as...

While the economic calendar remains light this week our fundamental analysis focuses predominantly on movements in EURUSD and GBPUSD. Both currencies appear to be showing signs of being overbought on...

AUD/USD for Wednesday, March 12, 2014The last few days have seen the Australian dollar fall heavily away from the resistance level at 0.91 back down through the key level at 0.90 to a one week...

EUR/USD Open 1.3854 High 1.3878 Low 1.3833 Close 1.3857On Tuesday the EUR/USD decreased insignificantly with 45 pips. The European currency depreciated from 1.3878 to 1.3833 yesterday, matching the...

Proponents of the relatively new crypto-currency, Bitcoin (BTC/USD), have long boasted that the system was secure. Onlookers at the recent Vancouver Resource Investment Conference might have seen a...

Really, why take the direct route when the scenic route including the dead ends, detours and red traffic lights provide such a multitude of fascinating insights into the meaning of life? It builds...

NZD/USD is trading just below $0.8500. The pair’s moves will be limited by the $0.8500/8430 area ahead of the Reserve bank of New Zealand’s meeting on Wednesday: the RBNZ is expected to...

The USD/CAD moved sideways in a trading range between 1.0910 and 1.1224. Support is at 1.0955, as long as this level holds, the price action in the range could be treated as consolidation of the...