Forex Opinion & Analysis

Once we broke 1.6185, Cable was off and flying and overnight we have seen 1.6258. Now this is slightly below the 1st Oct Highs and there could well be a Double Top in place now on the daily charts. We...

Market CommentaryAmidst stronger asset classes, the US Dollar continued depreciating across the board; the Dollar Index (DX) is approaching the historic support zone of 78.80-79.00. The medium term...

U.S. Existing Home Sales and Canadian Wholesale Sales did not have any effect on the USD/CAD pairing yesterday, as it continued to trade within a 15-point range. We are hoping for more action from...

EURUSD – Euro Hammers USD Post NFP Number After the belated NFP came out, the USD got hammered across the board and the Euro took no prisoners. Taking out the the key 1.37 barrier and former...

EUR/USD for Wednesday, October 23, 2013 The Euro has enjoyed a strong surge higher in the last 24 hours to move through to its highest level in nearly two years just shy of 1.38. It has generally...

The United States shutdown forced the delay in the release of the non-farm payroll report on the first friday of the month. Today the figures were released and they were mixed. The jobs added to the...

AUD/USD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9280. As long as the trend line support holds, the uptrend could be expected to continue, and next target would...

USD: Tapering Off The TableEUR Closes In On Two-Year HighsGBP: Bank Of England Minutes Due For ReleaseCAD: What To Expect From The BoCAUD: Q3 CPI on TapNZD: Leading Performer, Oil Down, Gold UpNew...

The British pound is up sharply against the dollar on Tuesday, as GBP/USD has barreled above the 1.62 line. The pound received a shot in the arm as US Non-Farm Payrolls was a major disappointment,...

Talking PointsPrices are testing resistance at 1.3679 (38.2% Fib); a break targets 1.3710 (Feb high)Negative RSI divergence warns a move lower may be aheadInitial support at 1.3638 (Feb 1 close);...

The Canadian dollar has gained ground on Tuesday, as USD/CAD trades slightly below the 1.03 line in the North American session. US Nonfarm Payrolls was a major disappointment, as the key employment...

Weaker than expected job growth in the month of September prompted investors to sell the dollar, driving it to a two-year low against the euro. Less than 150k jobs were created last month (148k to be...

The US dollar tumbled 45 pips against the yen in a knee jerk reaction to the weak nonfarm payrolls (NFP) numbers today, which were below forecast. The dollar also fell against the euro and sterling as...

EUR/USDThe pair printed a new high for 2013, breaking the high from Friday 1st February 2013, after a round of buy stops was triggered following the release of the delayed jobs report by the BLS. The...