Forex Opinion & Analysis

EURUSD – Break and Hold Above 1.3200 Showing Bullish Potential Although in a medium term range, the EURUSD has been sustaining itself recently above the key 1.3200 level, showing consistent...

There were no surprises yesterday, and where there was any uncertainty it soon became clear as break levels were penetrated. Some of the projections were a little off, but in general the support and...

The US dollar has been flirting with the 100 level, and the dollar finally punched through and held on to its gains in Tuesday trading. In the European session, USD/JPY is trading around 100.30, its...

AUD/USD for Wednesday, September 11, 2013For the first time in several weeks, the AUD/USD has moved back through the key long term level at 0.93 and in doing so has moved to a two month high. In the...

EUR/USD for Wednesday, September 11, 2013For the last couple of weeks the Euro has fallen strongly away from the resistance level at 1.34 back to below the support level at 1.32 and in doing so traded...

Throughout the second half of August the GBP/USD slowly but surely drifted lower, away from the 1.57 resistance level and back down below 1.55. In the last week or so however, it has rallied well and...

Syria today agreed to join the WMD Proliferation Treaty and comments from the US, France and the UK have become decidedly less gung-ho, instead replaced with talk of diplomatic solutions. The market...

Currencies Rally As Risk Appetite Sustained into AsiaEUR: Italian Bond Yields Surpass Spanish YieldsGBP Climbs to 2.5-Yr. High Ahead Of Employment Report NZD: What To Expect From The RBNZAUD: Comm...

GBP/USD has once again advanced to key resistance around the major 1.5750 level, establishing a 12-week high in the process. This price action occurs within the context of a strong, short-term bullish...

The Canadian dollar continues it upward rally and has posted modest gains in Tuesday trading. USD/CAD is trading in the mid-1.03 range early in the North American session. Today’s highlight out...

Talking PointsThe formation of a Bearish Engulfing candlestick pattern hints a move lower is aheadInitial support at 99.17 (23.6% Fib retrace); a break below that targets 98.53 (38.2% level)Near-term...

With no major U.S. economic reports scheduled for release today, we want to spend some time talking about where the opportunities are in currencies. Over the past 36 hours, risk appetite in the...

EUR/USDThe pair settled the session largely unchanged, as market participants digested the release of better-than-expected data from China, but also continued to fret over potential military...

Currently we are at 0.9292 in a channel. We are looking for a bullish continuation to the resistance area at 0.9322 - the next target the square up at 0.9435. The average daily true range (ATR) for...