Forex Opinion & Analysis

The US dollar finished last week well bid. It is at six week highs against the euro, recovering from the brief dip at the start of the week below JPY103 and finishing the week above JPY104.00. The...

EUR/USD What Forex Target Traders See: We are currently sitting at 1.3532 after a break of the pennant and the 0.618 Fibo. We are looking for a shallow bounce and then resumption to the double bottom...

The PBoC has ended the week guiding the Yuan higher via its daily reference rate, settling at 6.1041, a tad lower than Thursday close of 6.1065 mostly on the back of a weaker dollar overseas. CNY...

If the Canadian Government is onside everything must be just fine with the loonie? Prime Minister Harper said the BoC's monetary policy is appropriate and that the currency's depreciation...

The EUR/GBP cross trading volumes have surged after the surprisingly strong UK sales data print Friday morning. Immediately after the release volumes were up +211% versus the monthly average. All the...

The British pound has been gaining strength today versus the other main currencies, including the yen, as seen on the daily chart below. But we can also see that it is getting very close to the 172.00...

What is so special about the 0.8262 level on the NZD/USD pair? Well, that is where we have the 200 EMA on the 4 hour chat crossing by. But before we analyze the 4 hour chart, let’s take a look...

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/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...