Forex Opinion & Analysis

This morning, UK retail sales came in much stronger than expected with year on year sales to December at 5.3 per cent - the strongest growth since October 2004. This much higher figure gave a massive...

EUR/USDAfter being relatively range bound, broad-based USD strength on Wednesday ensured the pair finished the week in negative territory. At the start of the week EUR/JPY inspired losses alongside a...

EUR/USDEuro is still forming consolidation channel. We think, today price may continue growing up to break level of 1.3700, consolidate for a while, and then move upwards to reach target at...

Currently we are at 1.3575 in a pennant. We are looking for a continuation to the S5/0.618 Fibo area @ 1.3521. The average daily true range (ATR) for the pair currently is 88 pips.

USD/JPY is steady in Friday trading, as the pair trades in the mid-104 range in the European session. In economic news, Japanese Consumer Confidence weakened in December and fell short of the...

EUR/USDCurrent level - 1.3600Yesterday's spike to 1.3650 could be the final leg of the minor consolidation pattern above 1.3580, so current outlook is negative, for a break through 1.3545 low, en...

EUR/USD continues to show limited movement, as the pair trades just below the 1.36 line early in Friday’s European session. On Thursday, US Unemployment Claims met expectations with another...

SGD received a slight boost during early Asian trade on stronger than expected non-oil domestic exports (NODX) in the month of December. NODX was up 6% Y/Y for the month of December, a welcomed...

EUR/USD - European SessionThe pair is showing very weak trading above the bullish support level of the ascending channel at 50% correction represented in 1.3590 levels. Stability above the referred to...

Yesterday’s focus on inflation passed without too much of a hitch with both Eurozone and US measures of consumer prices matching their respective expectations. Despite this, the market took the...

Asian indices trading higher while eur/usd remains steady currently trading at 1.3614. Thursday’s major data showed consumer prices rose the most in six months, in line with expectations but the...