Forex Opinion & Analysis

Cable has corrected back to the short term 61.8% Fib level and also the first medium term 23.6 Fib level and we have to keep our eyes on that. If we hold above here there is scope for the market to...

The euro has gone sideways now for virtually 2 days and we are still holding above 1.3500. However, the 60 minute charts are still looking like they have made a small top so we could be in for some...

AUD/USD aims back to .9520/30 and higher to .9665/9725A modest setback into the end of last week, but still above modest support at .9320 and within the range from the Wednesday aggressive...

EUR/USDTrading range: 1.3510 - 1.3585Trend: NeutralBuy at 1.3524 SL 1.3492 TP 1.3574USD/JPYTrading range: 99.30 - 98.65Trend: NeutralSell at 99.16 SL 99.48 TP 98.71 GBP/USDTrading range: 1.6005 -...

The market is still digesting the FOMC result last week, and is clearly more confused than before Bernanke’s announcement. Some commentators are pinning their hopes on "Octaper" while others,...

A good start to the week as Friday’s forecast headed in our direction for the most part, in fact all pairs behaved close to what was thought possible, specially the GBP/USD and AUD/USD. As we...

AUD/USD traded higher on a stronger HSBC Manufacturing PMI (Flash) during early Asian session, with the highest in 6 months print pushing AUD/USD to a high of 0.9438. This makes perfect fundamental...

Throughout the second half of August the GBP/USD slowly but surely drifted lower away from the resistance level 1.57 and back down below 1.55 however this all now seems a distant memory. In the last...

At the beginning of a new trading week it’s sometimes useful to step back and consider the dominant trend on a longer time frame, and in addition, the potential for any short term reversal. One...

The 1.34 level has been a thorn in the side of the euro for some time now, however last week it surged higher and moved through to its highest level since February just shy of 1.3570. It finished the...

Given last week’s flip flopping in the markets following the Fed’s decision to postpone tapering, it’s always useful to take a look at a key market internal for some insight into...

THIS WEEKAfter the rather disappointing Fed announcement not to the taper, several of the key currency pairs got back towards pre Fed announcement levels on Thursday and Friday. This really...

The USD/CAD broke above the downward trend line on the 4-hour chart last Friday, suggesting that consolidation of the downtrend from 1.0568 is underway. Range trading between 1.0182 and 1.0350 would...

Following the Fed’s decision to abstain from reducing the size of monthly asset purchases traders will shift their focus from the U.S. dollar to the euro, as the outcome of the German elections...