Forex Opinion & Analysis

EUR/USDCurrent level - 1.3532The uptrend here remains intact and current slide after yesterday's high at 1.3578 should be considered corrective in nature, thus preceding next wave upwards, to 1.3650...

The GBP/USD broke 1.6077, but bounced from 1.6055. There is no direction this week so we watch for support at 1.6095/90 then 1.6055/45. Below 1.6030 keeps the market under pressure for a buying...

Aussie has Double Topped at 9450 and has fallen back to 9382. Now 9384 is the short term 38.2 Fib level and we have good support here. Short term we are looking really oversold and therefore this...

USD/CAD positive bias aims through 1.0525 for 1.0565A modest, but resilient rebound, and as we have stressed thus far this week “we still see upside pressures later this week, whilst holding...

Market CommentaryThe Dollar Index (DX) hits critical support of 80.55 ranges to currently trade at 80.71, the short term trend is still range bound between 81.60 and 80.55. Most of the FX majors,...

The English pound has been gaining on the Aussie dollar in the last few days, ahead of the start of the Ashes cricket contest between the two nations. According to a report by Sainsbury's Bank Travel...

USD/JPY Open 100.12 High 100.26 Low 99.56 Close 100.11On Tuesday USD/JPY increased insignificantly with 60 pips. The currency couple appreciated from 99.56 to 100.26 yesterday, not matching the...

The EUR/USD pair holds above $1.3500 on Wednesday, coming down from the overnight peaks around $1.3575, reached on dovish Bernanke comments.As can be seen from the daily chart, euro is trying to...

Hourly ChartBearish trend in USD/INR continues despite the rally seen during European session yesterday. Prices remain capped below by Channel Top, with Stochastic indicator showing a bearish cycle...

Ben Bernanke was out late last night indicating that interest rates will remain low long after the Federal Reserves tops its asset purchases and even “well after” the unemployment rate...

XAU/USD Spot Gold remains under pressure, with near-term technicals holding negative tone, as the price consolidates recent weakness that found temporary ground at 1269. Consolidative phase is under...

AUD/NZD The cross remains trades in near-term corrective mode after retesting critical 1.1200 support and short-term base. Bounce stalled at psychological 1.1300 barrrier, reinforced by falling...

AUD/USD The pair enters near-term corrective phase after failing to clear 0.9446 barrier on the second attempt. With 0.9400 handle being lost and hourly indicators sliding into negative territory,...