Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CAD to close at 1.0979, following dismal US retail sales and initial jobless claims data.In Canada, the new housing price index rose...

For the 24 hours to 23:00 GMT, the USD declined 0.80% against the CHF and closed at 0.8936 On the economic front, data showed that the Swiss producer and import prices fell 0.3% on an annual basis in...

For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 102.18, as the latest batch of lacklustre US retail and initial jobless claims data casted doubts on the...

For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.6656, benefiting from comments of Bank of England (BoE) Chief Economist, Spencer Dale, who opined that, given the...

For the 24 hours to 23:00 GMT, EUR rose 0.66% against the USD and closed at 1.3676.The US Dollar came under pressure as the US retail sales missed expectations and declined 0.4% (MoM) in January and...

EUR/USD The pair moved to the upside again yesterday as trading above 1.3625 is positive and stabilizing above 1.3665 confirmed positivity. We notice that Linear Regression Indicators are positive and...

GBP/JPY: Daily OutlookDaily Pivots: (S1) 169.45; (P) 169.93; (R1) 170.64; The GBP/JPY lost some momentum after hitting 170.58 and intraday bias is turned neutral first. As noted before, pull back from...

EUR/USD The euro remains well supported and continues to trend higher, with resumption of one-week uptrend from 1.3482, triggered on completion of bull-flag on4-hour chart. Break above initial...

EUR/USDTrading range: 1.3660 - 1.3755Trend: Strong UpBuy at 1.3674 SL 1.3642 TP 1.3744USD/JPYTrading range: 102.05 - 101.25Trend: DownSell at 101.92 SL 102.24 TP 101.34GBP/USDTrading range: 1.6630 -...

Dollar Collapse Now Third Worst in Over a DecadeThe bleeding doesn’t stop. With Thursday’s close, the Dow Jones FXCM Dollar Index has dropped for 9 consecutive trading days. We have only...

While the run-up from 1.48 lows back in July 2013 have been nothing short of impressive we would do well to remember that we have not even retraced 50% of the Pre-GFC highs to the lows. Therefore I...

The GBP/USD has enjoyed a very healthy last week moving well from the support level at 1.6250 through 1.6450 and in the last couple of days moving to a new multi-year high above 1.6670. To start this...

Throughout the course of this week the Australian dollar has been able to push up through the resistance level at 0.90 for the first time in around a month.  However this was very quickly...