Forex Opinion & Analysis

Good news moves USD but not EUR : Once again, EUR didn’t rally on better-than-expected news about the euro-zone economy but USD certainly rallied on good news about the US. The rise in euro-zone...

US10Y T-note prices fell sharply yesterday after a much stronger than expected ISM Manufacturing Print. August numbers came in at 55.7, much higher than the expected 54.0 and reflecting a much...

Currency markets yesterday continued to position themselves for events later in the week, with Thursday’s Bank of England and European Central Bank meetings and Friday’s payrolls...

EUR/USDThe euro’s status as the best-performing currency in the past year is a sign that Europe is facing challenges similar to those of Japan, which had a so-called lost decade during the...

The dollar was on a firm footing in this session but despite that we hadn’t have anything major to shake the waters. We are entering into Central Bank days today as BOJ,BOE and ECB are all...

XAU/USDSpot Gold regained strength, as extension of near-term recovery from 1372 low, broke above the 1400 barrier that capped price action during past few sessions. A freshly established positive...

AUD/NZDThe cross maintains positive near-term structure off 1.1433, 29/08 higher low, part of broader recovery from 1.1260 higher platform, and one-month rally from 1.1197 low. Fresh extension higher...

USD/JPYThe pair remains steady and continues to trend higher en-route towards the psychological 100 barrier, with 99.85 seen so far. A positive near-term technicals support the action, with sustained...

GBP/USDThe Cable trades in the near-term consolidative mode after cracking the psychological 1.5600 barrier on a spike to 1.5603. The second day closing above 200DMA gives more credibility to the...

EUR/JPYNear-term price action gets congested under Tuesday’s fresh recovery high at 131.46 and moves within 130.63/131.46 consolidative range. However, near-term studies remain positively...

EUR/USDThe euro remains under pressure and extends fresh weakness below important 1.3200/1.3180 support zone. The price tested 200D MA at 1.3136 with the psychological 1.3100 suppor. ,Also, 50% of...

General Market Commentary: Markets mostly consolidated sideways yesterday as several major trend changes appear to be in the making. To sum it all up, the US dollar is poised to make gains across the...

EUR/USDTrading range: 1.3190 - 1.3115Trend: NeutralSell at 1.3177 SL 1.3209 TP 1.3127USD/JPYTrading range: 99.40 - 100.10Trend: NeutralBuy at 99.52 SL 99.20 TP 99.97GBP/USDTrading range: 1.5545 -...