Forex Opinion & Analysis

The GBP/USD is trading above its upward trend line on a 30 minute time frame. The price has bounced from its support zone as predicted however, it seems like that it is going to visit this level once...

Last Thursday the US dollar fell to a two-year low against the euro on growing expectations that the US Federal Reserve will not start tapering until 2014 and purchases of assets will continue at the...

Currency and equity traders ignored the 0.1% decline in U.S. consumer spending in the month of September because the data could have been much worse. Between the drop in consumer confidence, sluggish...

EUR/USDThe pair finished the session in minor negative territory as market participants positioned for the upcoming FOMC rate decision, as well as a slew of other macroeconomic releases. In terms of...

Currently we are at 94.93 after the break of the day chart trend line. We are looking for a continuation to the 0214 Fibonacci area at 0.9444, and to target the S5 wave at 0.9384. The average daily...

2013.10.29 13:30 7:30AM ET | EUR/USD Currency PairHere are the current Pivot Points Levels with Support (S) and Resistance (R) for the EUR/USD currency pair. Price action is currently trading below...

There are no surprises. This week is getting off to a slow start, a trait that is threatening to shut the year out as both the Fed and BoJ are expected to deliver conservative messages later this...

Aussie came lower taking out the nearby support level of 9570. Now we were expecting this move lower so it should not have come as a shock. Ever since the AUD couldn't break the 200 day M/A we have...

After looking at the EUR/USD in the longer term weekly charty esterday, let us now look more closely to the latest movements on the main FX instrument. The European session yesterday was not...

As we can see on the chart, October was a very successful month for the bulls on the EURGBP. From the long-term lows, the price is currently on the highest levels from the end of August; and this...

EUR/USDCurrent level - 1.3774The intraday outlook is negative, for a slide towards 1.3740 support before reversing for a rise towards 1.3920. Trigger on the upside is 1.3809 high and major support on...

EUR/USDEuro couldn’t form an ascending structure immediately and renewed the minimum of its first descending impulse instead. We think, today the price may continue a descending correction...

Japan notched the highest Small Business Confidence reading since 2006 in September at 50.8, one of the strongest readings in the long history of the survey (it’s only been higher a handful of...