Forex Opinion & Analysis

The euro is still trading above 1.35 against the US dollor as political tensions in Italy escalated over the weekend. And, the US dollar weakened as a deadline to avert a government shutdown in...

The U.S. Dollar remained weak even as Congress seemed to have worked out a viable way to keep the government up and running until mid-November. However, the Republicans remain opposed to the...

Market Drivers for September 30, 2013 Euro and dollar both weak as political turmoil reigns China PMI misses Nikkei -2.09% Europe -.89% Oil $101/bbl Gold $1341/oz. Europe and AsiaCNY: PMI...

EUR/USDThe pair started trading this week with downside bias, but remained limited above Linear Regression Indicator 34 and 55 in addition to 1.3452 levels which represents a previous top. Therefore,...

The rupee gained slight strength this morning, with USD/INR pushing lower from the 62.9 resistance, hitting a low of 62.63. The decline can be attributed to 2 major reasons- the weakness of USD due to...

The US debt ceiling is the main focus this week, with a possible government shutdown on the cards one day away due to the parties not agreeing on the Obamacare package. The major reactions in this so...

AUDUSD is off to a weak start this week after China’s HSBC manufacturing PMI index posted a slight decline to 50.2 in September from 50.1 in August, while the market was expecting an advance to...

AUD/USDThe Aussie remains at the back foot as the price continues to move lower. The psychological 0.9300 support is being cracked on an extension to 0.9280, and a Fibonacci at 38.2% of 0.8891/0.9526....

AUD/NZDThe cross continues to trend lower and nearly fully retraced 1.1203/1.1393 rally. As near-term bears are fully in play, immediate risk comes at strong 1.1200 base, and loss of which to commence...

USD/JPYThe pair remains under pressure, as repeated failures to clear 99.00 barrier and trendline resistance, extended bears through triangle support at 98.47and previous low at 97.75. The fall...

GBP/USDThe cable remains firm as fresh extension higher completed near-tern 1.6161/1.5953 corrective phase. The price posted marginally fresh high at 1.6179, with positively aligned near-term...

EUR/USDThe euro erased last Friday’s gains after rally stalled near 1.3567 peak and subsequent reversal dipped close to 1.3500 handle. Negative sentiment was confirmed by gap-lower opening with...

EUR/JPYThe pair lost ground after failing to hold above 132.68 base, as Monday’s gap-lower opening of nearly 100 pips shows strong downside pressure. A dip below the 132.00 handle tested higher...