Forex Opinion & Analysis

Finding and acting on ‘evidence’ in this type of market, apathy and liquidity constraints, is not easy. It seems that a collection of things is making it difficult for an investor to pull...

Looks like USD/CAD just finished the bullish correction that retraced more than half of last week’s downswing. The correction was closed in a rising wedge formation (blue lines). Thursday starts...

The GDP data from the Euro zone, and the two biggest economies: Germany and France, came better than expected. Traders were anticipating the positive data, so when they were released, the reaction was...

EUR/USDCurrent level - 1.3292 The intraday bias is positive above 1.3280 support area, but I expect the rally to be limited below 1.3350, followed by a sell-off through 1.3230, en route to...

Hourly ChartAfter reaching 1.272 yesterday, prices traded back within the rising Channel and went broke Channel Bottom as well, finding support around 1.268, staying above the Kumo below and forming a...

Market Drivers for August 15, 2013UK Retail Sales beat, taking cable towards 1.5600Japanese officials deny tax cut sending USD/JPY on a yo-yo tripNikkei - 2.12% Europe -0.23%Oil $108/bblGold...

The French economy is out of recession according to figures released yesterday, expanding by 0.5% in Q2 of this year, with stronger domestic consumption the key driver. We have seen 2 consecutive...

EUR/USDThe euro traded largely flat against the dollar on Wednesday even after data revealed the euro zone economy broke free from its recession in the second quarter. The euro enjoyed some support on...

NZD/USD continues to rise in the direction of the Key Resistance Level 0.8119 (of the type Approach) identified by Autochartist on the daily charts. The pair is set to reach this target level in the...

Yesterday’s EUR/USD Signal Result: EU continues to consolidate sideways (for the most part), but remains bearish under 1.34. Today’s Signal: We are tracking an intraweek rising support,...

The U. S Dollar retreated from previous highs against the majority of its forex counterparts after official reports indicated that Producer Price Inflation remained unchanged for July, while...