Forex Opinion & Analysis

The GBP/USD is trading in an upward channel on a 30 minute time frame. The price has not broken its upward trend line of this channel which confirms that the uptrend is intact. Moreover, the pair is...

EUR/USDCurrent level - 1.3353 The outlook here remains bullish above 1.3324 support, for a rise towards 1.3454. Crucial on the downside is still 1.3252 low.USD/JPYCurrent level - 98.90The...

Volatility during the last two days had not been as astonishing as how everybody had anticipated it to be for today’s evening, when some important questions will be answered. Traders will find...

The global tendency to weaken the American currency is seen all across the globe, and it is not different for the USD/CHF. The biggest drop started on the 6th of September, when the NFP data was...

EUR/USDThe third-smallest economy in the 17-nation euro area, Cyprus was approved for a 1.5 billion-euro ($2 billion) payout by euro-region finance ministers on Sept. 13. It was the second...

Spot Gold remains under pressure, as fresh extension lower eventually cracked psychological 1300, with fresh low being posted at 1291. Loss of 50% retracement of 1180/1433 rally, sees risk for further...

The Aussie maintains positive near-term tone, as the price holds in the upper part of 0.9392/0.9284 consolidation range, with studies on the lower timeframes being positively aligned. Resumption of...

The pair holds neutral tone on hourly chart, as bounce from 98.44 low stays capped at 99.35, Tuesday’s high. with 99.00, now acting as immediate support. From the other side 4-hour studies are...

The near-term tone turns positive, as the price attempts at the upper boundary of 131.63/132.62 consolidative range. Bounce off 131.63 needs to clear initial 132.62 barrier, also Fibonacci 61.8% of...

The Euro continues to trade sideways, awaiting Fed’s decision and holding within 1.3324/84 consolidative range. The downside is protected by hourly Ichimoku cloud and ascending 55DMA, with...

AUD/USD is almost unchanged in trading on Wednesday. The pair continues to trade in the mid-0.93 range in the European session. The markets are keenly awaiting the FOMC Statement later in the day. In...

Market Drivers for September 18, 2013 AU Westpac LEI shows good improvement helping Aussie UK MPC minutes votes 0-9 on QE boosting pound Nikkei -.32% Europe 0.29% Oil $106/bbl Gold $1305/oz. Europe...

Dollar: Rally or Collapse Depends on FOMC’s Risk Read We have finally reached one of the most talked-about event risks in months, and expectations for its impact range from...

Finally the most anticipated FOMC in years is here, we are still seeing tight ranges from yesterday and overnight and as we lead up to the announcement traders either squaring up or positioning to see...