Forex Opinion & Analysis

Canada’s Consumer Price Index for September was released on Friday. The monthly growth rate was slightly higher than expected: 0.2%, compared to a forecast of 0.1%. On an annual basis, inflation...

Dollar Ready for NFPs Volatility Both the dollar and capital markets were stoic through Monday’s session as the speculative ranks await the release of a particularly important US employment...

GBP/USD for Tuesday, October 22, 2013In the last couple of days of last week the GBP/USD surged higher from the key level at 1.60 to move back to close to 1.6250 before easing back. To start this week...

AUD/USD for Tuesday, October 22, 2013In the few days to close out last week the AUD/USD surged higher to set another four month high near 0.9680 before just easing away a little and consolidating in...

EUR/USD for Tuesday, October 22, 2013The Euro enjoyed a strong surge higher in the couple of days to finish last week sending it to its highest level since January this year, touching above 1.3700...

It's been a very quiet Monday in the currency markets, and USD/CAD is showing almost no change. In the North American session, the pair is trading very close to the 1.03 line. In economic news, US...

EUR/USD Open 1.3674 High 1.3690 Low 1.3650 Close 1.3676On Monday EUR/USD decreased insignificantly with 40 pips. The european currency depreciated from 1.3690 to 1.3650 yesterday, matching the...

The GBP/USD failed to break above 1.6259 resistance, suggesting that lengthier consolidation of the uptrend from 1.4813 (Jul 9 low) is underway. Range trading between 1.5894 and 1.6259 would likely be...

Eur/Yen Near-Term OutlookThe market indeed continued its extended period of ranging higher, still seen forming a large rising wedge since May. These are generally viewed as reversal patterns, and with...

In an interview Monday morning, Chicago Fed Reserve President Charles Evans (a voting member) continues to push for continued monetary stimulus, reiterating that policy makers would probably require a...

It's been a very quiet Monday in the currency markets, and GBP/USD is no exception. In the North American session, the pair is trading in the mid-1.61 range. In economic news, US Existing Home Sales...

It is back to the basics for the foreign exchange market this week with the U.S. government open for business and slowly returning to normal conditions. In the short term this means delayed economic...

Here’s How We Like Trading- Dollar weakness looks likely to continue on extremely one-sided sentiment - Extraordinarily low volatility and a high-flying S&P 500 likewise favors USD losses -...

Talking Points Prices are testing resistance at 1.3679 (38.2% Fib expansion) Negative RSI divergence warns a move lower may be ahead Initial support at 1.3600 (23.6% Fib); below that eyes 1.3472 (Oct...