Forex Opinion & Analysis

Markets will be glad for the upcoming weekend break. If only to take the time out to try and get their heads around the Fed’s reasoning in not tapering asset purchases on Wednesday, and to lick...

EUR/USDThe euro was near a seven-month high before data forecast to show consumer confidence was the strongest in more than two years in the 17-nation currency bloc and manufacturing expanded for a...

The U.S. Dollar came close to trading at a seven-month low after the Federal Reserve issued a much anticipated statement confirming that it would not begin scaling back on stimulus at this time, given...

EUR/USD - European SessionThe pair’s volatile trading of yesterday remained above 78.6% correction at 1.3505 keeping positivity. Despite overbought signals showing on momentum indicators,...

XAU/USDSpot Gold regained strength and bounced sharply after brief break below 1,300, and support was contained at 1,291. Strong rally to 1375 zone, seen so far, retraced nearly 61.8% of 1433/1291...

AUD/NZDThe cross remains under pressure as an extension below 1.1332. The basing attempt failed and the psychological 1.1300 support broke below 1.1261, 19/08 low, and the last obstacle on the way...

USD/JPYThe pair averted immediate downside risk as a bounce from Wednesday’s corrective low at 97.75 extended above the important 99.35 resistance and lower platform, as well as a Fibonacci...

GBP/USDThe Cable entered a near-term corrective phase as pullback from fresh high at 1.6161, reached to 1.6020, and where 55DMA and 50% retracement of 1.5890/1.6161 rally contained dips. Studies on...

USD/JPY reversed sharply from 97.75 region in this week, which appears to be an impulsive price action that also took out the upper side of a downward channel. These are all important signs for a...

EUR/JPYThe cross resumed a near-term rally that commenced from the 131.80 base and surged through previous annual high at 133.78, posted on 22/05, confirming completion of larger picture bullish...

EUR/USDThe euro maintains a positive tone following Wednesday’s sharp rally, with fresh high being posted on Thursday at 1.3567. The pair trades in near-term consolidative mode and holds above...

Are Central Banks trying to one up each other? First we have FOMC not tapering stimulus as expected, and now RBI has done the same by raising key policy rate instead of cutting as expected. It seems...

The US dollar reversed all losses made against the yen from the Fed induced drop and surged back above the key 99.00 yen level on Thursday on the back of strong data.The rally ran out of steam in Asia...

Asian markets traded higher following up on two previous sessions of gains. The dollar drifted off a seven-month low against of major currencies after Federal Reserve’s surprise decision to keep...