Forex Opinion & Analysis

The BoE is being prudent and is following in the footsteps of global regulators. Like all good Central Banks, the "Old Lady" is trying to stay ahead of the curve and be proactive, and not be held...

It is pretty astounding that most major of the currencies are unchanged or trading higher against the U.S. dollar this morning because overnight economic reports from Asia and Europe fell short of...

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

EUR/USDEuro continues moving upwards. We think, today price may reach level of 1.3640, fall down to return to 1.3565, and then grow up again towards target at 1.3700. We should note, that pair is...

The USD/CAD pair has broken out of an ascending triangle pattern a bullish pattern on a 4 hour time frame. If this pattern plays out completely, then we could easily see the price near the 1.078...

The yen remains under pressure on Friday, as USD/JPY continues to trade above the 102 line. In economic news, Japanese releases were mixed, as inflation indicators looked solid, while consumer...

EUR/USDCurrent level - 1.3609 The outlook here remains unchanged, as the pair is still heading for a tight test of 1.3650 major resistance. Key support on the downside is 1.3558.USD/JPYCurrent level -...

AUD/NZD The cross regains strength and rallies through 1.1200 resistance, in attempt to build a base at 1.1100 zone, where recent weakness found temporary ground. Regain of 1.1200 hurdle and previous...

AUD/USD The pair posted marginally lower low at 0.9054, after recovery rally off previous low at 0.9064, stalled at 0.9148, failing to complete cup and holder pattern and resume corrective rally...

USD/JPY The pair remains steady and posted fresh high at 102.61, with subsequent pullback on. overbought near-term conditions, under way. Initial support lies at 102.00 and is reinforced by hourly...

GBP/USD Cable remains steady and approaches key barrier at 1.6380, 02/01 annual high, as eventual break above critical barrier and congestion top at 1.6259, triggered fresh bull-phase of larger...

EUR/JPYThe pair continues to trend higher, with 139.00 resistance being under cleared and fresh high posted at 139.69. Corrective pullback on oversold near-term technicals is expected to precede fresh...