Forex Opinion & Analysis

EUR/USD for Thursday, February 6, 2014The Euro has done well in the few days to recover by moving off the support level around 1.35 and rally higher back towards 1.3550 which has allowed it some time...

AUD/USDIn the last 48 hours the Australian dollar has surged higher through the resistance level at 0.88 and reached a three week high just shy of 0.8950.  In the time since it has done to settle...

EUR/USDCurrent level - 1.3520 The intraday bias is still positive, for a spike high to 1.3580 before clear break through 1.3475 low, en route to 1.3390. USD/JPYCurrent level - 101.24 Allow one more...

The AUD/USD's upward movement from 0.8660 extended to as high as 0.8979. Further rise to test 0.9085 resistance could be expected, a break above this level will signal completion of the longer term...

Will the ECB Help or Hurt the Euro? Dollar Fails to Benefit from Stronger ISM GBP: No Changes Expected from BoE AUD: Holds Onto Gains GBP: Hit by Weaker Manufacturing PMI GBP: Will PMI Services Add...

AUD/USD (daily chart) has rallied to the upside to revisit its 50-day moving average in a modest upside pullback within an exceptionally strong bearish trend. This rally hit a high of 0.8940 on...

The Canadian dollar was under pressure in Wednesday trading, as the USD/CAD was pushed above the 1.11 level early in the North American session. In economic releases, Canadian Building Permits posted...

Wednesday 5th of February 2014 News And Rumours DE Jan Serv PMI 53.1 vs 53.6 prev, 53.6 expDE Jan Comp PMI 55.5 vs 55.9 prevEZ Jan Serv PMI 51.6 vs 51.9 prev, 51.9 expEZ Jan Comp PMI 52.9 vs 53.2...

EUR/USDCautious sentiment continues to restrain markets, with the EUR/USD finishing the session little changed. Today saw the release of a plethora of macroeconomic data from the Eurozone in the form...

EUR USDThe euro is still consolidating, the market has broken descending channel. We think, today price may continue moving upwards to reach level of 1.3580 and then fall down to return to level of...

US Dollar Index – (+0.15%)• An interesting trading day on Wednesday, with services data the main point of interest. As it turned out it was quite an obvious contrast between poor data from...

Currently we are at 0.8314 and testing a reversal breakout. We are looking for a bullish continuation to the.0214 Fibonacci area at 0.8368. This pair pays 63% more on average then EU, a good reason to...

Today we have an interesting opportunity for the EUR/NZD.I think the pair is coming closer to a major support level. There is also an up-move trend line, as can be seen in the 4 hour chart shown...

The USD/JPY in the mid-term is weakening heavily, and so far, we do not see any chance for a possible reversal. The recent few days were very important for the technical situation on this pair as the...