Forex Opinion & Analysis

EUR/USDThe euro extended gains against the dollar on Thursday following the release of a flurry of U.S. data, as expectations for further monetary easing by the European Central Bank diminished after...

Asia’s trading lower today while dollar stabilized against the euro and Yen after taking a beating in the previous session. The yen advanced 1.25 percent against the dollar in the previous day...

EUR/USD Daily Analysis: EU broke out of it’s falling RSI resistance while still being supported by a rising RSI resistance, meaning a short-term bottom may be in place above 1.3500. However, we...

The U.S. dollar fell against the majority of its Forex trading peers despite speculation that the recent string of positive economic reports could convince the Federal Reserve to trim the monthly bond...

For the 24 hours to 23:00 GMT, AUD weakened 0.97% against the USD to close at 0.8758, hurt by a lacklustre manufacturing PMI data from China, its largest trading partner.LME Copper prices declined...

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD to close at 1.1113.On the economic front, retails sales in Canada rose 0.6% (MoM) in November, surpassing analysts’ call for a...

For the 24 hours to 23:00 GMT, the USD weakened 1.21% against the JPY and closed at 103.39, after data revealed an increase in the US jobless claims for last week and after a report showed that...

For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.6632. However, the gains in the UK Pound were capped after the Bank of England (BoE) policy-maker, Paul Fisher, hinted...

EUR/USDThe upside move extended and is currently approaching 200% correction of the bearish wave from 1.6259 reaching the bottom 1.5852. Positivity might extend as long as the pair stabilizes above...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.80; (P) 172.21; (R1) 173.24; The break of 171.29 minor support dampens the immediate bullish case and suggests that consolidation from 174.84 is still in...

EUR/USD The euro skyrocketed yesterday after breaking above 1.3580/1.3600 congestion tops and extended gains to 1.37 barrier. Full retracement of 1.3698/1.3506 bear-leg and 50% retracement of larger...

EUR/USDTrading range: 1.3665 - 1.3750Trend: UpBuy at 1.3678 SL 1.3646 TP 1.3739USD/JPYTrading range: 103.65 - 102.80Trend: Strong DownSell at 103.55 SL 103.87 TP 102.8 GBP/USDTrading range: 1.6605 -...

China’s manufacturing sector is contracting slightly, according to the latest HSBC/Markit preliminary January poll. China continues to struggle with the problem of how to rein in credit while...

Tumultuous day for NZD/USD. Prices pushed to a low of 0.8261 during early Asian session yesterday despite strong/healthy economic numbers from New Zealand. However, that could be explained given the...