Forex Opinion & Analysis

Likely in anticipation of the coming sales tax hike on April 1 and amid signs that its efforts thus far are seeing slowing momentum, the Bank of Japan (BoJ) decided to tinker with its programmes...

US markets were closed on Monday for President’s Day so European and Asian markets took their cues from corporate earnings and last week’s trends. London’s FTSE ended the day nicely...

EUR/USD The euro remains in consolidative sideways mode around 1.37 handle, confirmed by yesterday’s Doji candle. The price action moves within 1.3690/1.3723 range, with neutral tone...

The price has maintained above the 100.80 support zone with a relatively shallow retracement within the bullish pinbar. This in itself suggests there was strong buying down at 100.80 and a case for...

EUR/USDTrading range: 1.3730 - 1.3650Trend: DownSell at 1.3718 SL 1.3750 TP 1.3664USD/JPYTrading range: 102.85 - 102.15Trend: DownSell at 102.74 SL 103.06 TP 102.21 GBP/USDTrading range: 1.6755 -...

The high-flying Kiwi has pushed up to the 84 cent mark overnight, and has started to look like it might turn back after touching heavy resistance at 0.8390. The New Zealand dollar has a relatively...

The CHF/JPY is starting to look more and more likely to break out, or at least move lower aggressively. Unlike the AUD/JPY which is very volatile, the CHF/JPY is very stable and is steady enough for...

The Aussie now has a topping pattern on it at .9070 and if you look at the medium term fib you can see the 38.2% resting at .9077, so there are a few reasons to be short the Aussie today. Overnight we...

Cable looking slightly more under pressure after reaching 1.6824 yesterday and then staying sideways. We know there is good resistance at 1.6824/45. We would then expect sellers to try and come back...

Presidents’ Day in the US meant that things were rather quiet and the week started with slow and thin trading conditions. We saw some interesting levels met and rejected from though....

Many academics and reporters are agreeing that the United States is losing its super power appeal. Certainly, not everyone agrees with this statement, it is obviously because of the continued...

EUR/USD Open 1.3701 High 1.3725 Low 1.3689 Close 1.3704On Monday the EUR/USD increased slightly with 35 pips. The European currency appreciated from 1.3689 to 1.3725 yesterday, not matching the...

Australia's central bank RBA released minutes of its Feb meeting which revealed that the central bank will likely be keeping interest rates steady at record-low in order to aid growth. RBA has also...