Forex Opinion & Analysis

The Aussie dollar maintains positive near-term tone and cracks the upper boundary of one-week consolidation range at 0.9220, as a part of larger recovery rally from 0.8846, 05/08 low. Positively...

Encouraging signs from the US jobs market have once again raised hopes within markets that the Federal Reserve will withdraw a portion of its stimulatory asset purchase plan at its September policy...

Near-term structure remains weak, as corrective bounce off 97.04, last Friday’s low, remains congested at 97.80, near 50% of 98.64/97.04 downleg. Failure to clear psychological 98.00 barrier as...

Cable remains in an uptrend from 1.4812 low, with near-term price action being in a consolidative mode off 1.5655, fresh 2-month high, posted last week. Weekly close above 1.5600 handle and positively...

The pair moves in a sideways consolidative mode, as recovery rally from 127.96 low was capped at 130.71, near 61.8% retracement of 132.72/127.96 descend. The downside is for now well protected by...

Euro’s weekly close level was barely changed, compared to the previous week’s close, despite wide price amplitude during past sessions. Daily chart shows the price action entrenched within...

The Australian Dollar found a bid through the early European session as AUD/USD reached US$ 0.9232, EUR/AUD came off to A$ 1.4442, AUD/JPY tested the ¥90.30 area, and GBP/AUD tackled A$ 1.6931....

GBP/USD Open 1.5618 High 1.5658 Low 1.5606 Close 1.5617On Friday Pound/Dollar traded within narrow 50 pip range. The Cable depreciated from 1.5658 to 1.5606 on Friday, in converse with the neutral...

EUR/USDThe euro turned lower against the dollar on Friday as uncertainty over when the Federal Reserve will start to pull back its stimulus measures dented market sentiment. Safe haven demand for the...

GBP/JPY continues to rise in the direction of the key resistance level 154.8 (of the type Approach) identified by Autochartist on the daily charts. The pair is expected to reach this level in the...

The U.S. Dollar gained against the majority of its forex counterparts after better than anticipated economic reports fueled speculation that the Federal Reserve may take the data into account and...