Forex Opinion & Analysis

On Friday, the AUD weakened 0.32% against the USD to close at 0.8931.On Saturday, a report from China, Australia’s largest trading partner, showed that the NBS manufacturing PMI edged down to a...

On Friday, the USD declined 0.60% against the CAD to close at 1.1056, following a dismal US GDP data for the fourth-quarter.Meanwhile, the Canadian Dollar gained ground against its US counterpart...

On Friday, the USD declined 0.96% against the CHF and closed at 0.8800.On the economic front, the KOF leading indicator in Switzerland rose surprisingly to a level of 2.03 in February, from previous...

On Friday, the USD marginally weakened against the JPY and closed at 102.07, following a lacklustre fourth-quarter US annualised GDP data.In the Asian session, at GMT0400, the pair is trading at...

On Friday, GBP rose 0.33% against the USD and closed at 1.6746 after the Nationwide housing prices in the UK rose for the 14th straight month by 0.6% (MoM) in February, broadly in-line with market...

On Friday, EUR rose 0.75% against the USD and closed at 1.3809, as traders reacted positively to the Euro-zone’s consumer inflation data, which showed that the consumer price index rose 0.8%...

The spectre of deflation is making the rounds again and could become a major driver of forex activity and even spark a repeat of currency wars should policy makers decide to fight back with reflation...

Good start to a new month as we have some news items coming our way today that could fuel movements on many currencies. The British pound, euro, US dollar and Australian dollar pairs are looking at...

AUD/USDThroughout the last few weeks the Australian dollar has done very little other than continue to trade around the 0.90 level. Over the course of the last week including at the start of this...

EUR/USDThroughout the first half of February the euro enjoyed a solid move higher moving from support around 1.35 up to test the key level at 1.37. It was able to move through the 1.37 level before...

BIAS: While 1.3720-40 supports we should see gains through 1.3924-44Resistance: 1.3788-90 1.3824 1.3846 1.3862Support: 1.3757 1.3737 1.3720-25 1.3693MAIN ANALYSIS: Friday's was base 5-points below...

EUR/USD (daily chart) spiked early in Friday’s trading session to hit a high of 1.3822 before consolidating its gains.In doing so, the currency pair has closely approached the two-year high of...

Technicals and fundamentals appear aligned against the dollar versus most of the major currencies in the week ahead. Last week, we cautioned against playing for a break out, pending key data. The...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting at 1.3823 looking to finish a 5th wave to the top. The pair has been ranging but is now underway but with little left to the top....