Forex Opinion & Analysis

We´ll be getting the Canadian Employment Change release number today, but with the Nonfarm Payroll scheduled at the same time, it’s important to focus on the NFP instead of this release,...

US Prelim GDP release is the second release for the 3rd quarter of 2013, which may confirm recent optimism in the US economy as a better than expected release could once again send USD on a rally due...

ECB Interest Rate decision today will be released at 7:45am and a press conference will be followed at 8:30am where ECB President Mario Draghi will issue an official statement along with a Questions...

UK BOE Interest Rate Decision is likely to remain unchanged and most likely a non-event as BOE usually does not release a statement with its interest rate decision, market will have to wait 2 weeks...

GBP/USD: 1.6366Short-Term Trend: uptrendOutlook: Here we are, right at 1.6386 Fibonacci level. Now, there is no indication that wave (c) is over and therefore, the immediate pressure remains on the...

Hourly ChartThe rally in USD/JPY hit an early snag this week as prices traded lower after hitting Channel Top during the first few hours of trading this morning. The bearish pullback was further...

GBP/USDThe GBP/USD has started this week very strongly continuing to move higher and getting within reach of 1.6450. In the middle of last week it did well to break through the long term resistance...

EUR/USDTo finish out last week the euro just settled right around the 1.36 level after earlier in the week moving up strongly through the resistance at 1.3550. In the week prior the euro did well to...

GBP/USD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5854 and the rise extends to as high as 1.6442. As long as the trend line support holds the uptrend could be...

EUR/USDThe pair settled last week in positive territory, supported by the release of inflation data out of Germany, as well as the surge higher by the EUR/JPY, which itself was driven by broad-based...

It’s a well known fact that 95% of “retail” traders (i.e. the small speculators) will lose money trading the financial markets. Little wonder then that small speculators are referred...

The British pound was the only major currency to have gained against the US dollar over the past month. Its 2% gain helped it finish November at its highest level since August 2011. The dollar rose...

EUR/USD What Forex Target Traders See: We are currently sitting at 1.3583. The pair could consolidate for a while since that is what it did in October in this same area. We are looking for a movement...