Forex Opinion & Analysis

Friday’s forecast was a bit here and there some pairs behaved as we had thought and others went into a range, the USD/CAD, AUD/USD and EUR/JPY behaved very close to what we had thought possible....

GBP/USD beat 1.6170/80 but only as far as 1.6225. We have therefore retested the 2 and a half tier trend line again and held below. Immediate support is 1.6146/40 so below here today turns the outlook...

GBP/USD for Monday, October 21, 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 Monday, October 21, 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 Monday, October 21, 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. For...

EUR/USDThe Euro jumped before closing last week to end the week higher than anyone in the markets anticipated, as it broke through the 1.36 level that Mario Draghi warned could adversely affect the...

EUR/USDBIAS: I feel we need take care from this point as I sense a deeper correction lower is dueResistance: 1.3687-92; 1.371; 1.3728; 1.3740-45 Support: 1.3668; 1.3630-40; 1.3616; 1.3597MAIN...

The GBP/USD is facing 1.6259 resistance, a break above this level will indicate that the uptrend from 1.4813 (Jul 9 low) has resumed, then the following upward movement could bring price to 1.6500...

GBP/USD: 1.6164Short-Term Trend: uptrendOutlook: As expected GBP broke below the lower trendline of the channel drawn on the chart. But, this breakdown was very brief and remained far above our...

One month ago, I reviewed the fundamental and technical picture of EURUSD in my post “After the fireworks: Where does the USD go now?” I emphasised the importance of relative monetary...

After four long years of negotiations, Prime Minister Harper and European Commission President José Manuel Barroso are preparing to sign an agreement in principle that should lead to a free...

The bipartisan agreement was passed by the Senate yesterday and finally signed by President Obama just before the October 17 deadline. The federal government will therefore return to business as usual...

The agreement that was to come out of the Senate and be approved by the House was unable to garner sufficient support yesterday, meaning we're back to the drawing board for what's shaping up to be a...

Now that Washington politicking has been suspended for a few more months at least, the market and investors can knuckle down and concentrate on the rest of the world as well. However, before totally...