Forex Opinion & Analysis

Market Drivers for March 05, 2014 UK PMI Services bit better at 58.2 vs. 58 EUR Retail Sales Nikkei 1.20% Europe -.11% Oil $103/bbl Gold $1335/oz. Europe and AsiaAUD: GDP 0.8% vs. 0.7%GBP: UK Pmi...

MARKET SNAPSHOT: NYLON ROUNDUP (New York - London) ​ Tensions eased over Ukraine as US offer them $1bn in guaranteed loans, and use of their experts to help with security INDICES: SP500 printed...

USD/JPY Open 102.17 High 102.30 Low 101.41 Close 102.19On Tuesday the USD/JPY increased with almost 50 pips. The currency couple appreciated from 101.81 to 102.30 yesterday, matching the positive...

EUR/USDThe euro took back losses against the dollar on Tuesday as the Russian standoff in Ukraine appeared to abate, which enticed investors out of safe-haven greenback. Market sentiment improved...

Yesterday we have seen a relief rally both in stocks and other riskier assets as the tensions in Ukraine have eased at least momentarily. However is still far from settled and so everybody remains...

EUR/USD Daily Analysis: We did see a bounce off of 1.3725 as forecast, but we feel ok about removing our buy limit given the volatility caused by the Ukraine situation. If the conflict escalates we...

For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 0.8958.LME Copper prices rose marginally by $2.5/MT to $7035.0/MT. Aluminium prices advanced 0.7% or $12.5/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.06% against the CAD to close at 1.1088.In the Asian session, at GMT0400, the pair is trading at 1.1092, with the USD trading marginally higher from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.79% against the JPY and closed at 102.22. The Japanese Yen lost ground against the US Dollar, as demand for safe-haven assets declined after...

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.6665, as a soft UK construction PMI data overshadowed optimism on easing Ukraine tensions. The UK construction PMI...

It seems that USD/JPY has finally found the base at 101.17 where we labeled a completed wave (b) and that price is now heading to the upside within wave (c). Notice that reversal from latest swing low...

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3742, as traders’ appetite for risk-taking increased after the Russian President, Vladimir Putin ordered...

EUR/USD The EUR/USD remained well offered on every topside attempt. A failed attempt to clear resistance at 1.3756 (weekly pivot point, yesterday's S1, and 38% Fibonacci retracement) was frustrating...

Main scenario:The pair is trading along an sideways trend.An uptrend we can expect from support level, which will be followed by moving up to resistance level 1.6690 and then to 1.6740. Alternative...