Forex Opinion & Analysis

GBP/USD for Thursday, August 15, 2013The GBP/USD has reversed well to move back above 1.55 again after spending the last few days moving lower from the resistance level at 1.56. It moved back to the...

AUD/USD for Thursday, August 15, 2013The AUD/USD has reversed strongly over the last couple of days moving back towards and below 0.91 however it has held up well over the last 24 hours receiving some...

EUR/USD Open 1.3258 High 1.3312 Low 1.3238 Close 1.3253On Wednesday EUR/USD traded within narrow 45 pip range. The European currency depreciated from 1.3283 to 1.3238 yesterday, matching the negative...

The euro has just slowed down a little over the last 24 hours and has been content to move very little after having spent the last week drifting lower from the resistance level at 1.34 back towards...

Dollar: Bullard Confirms Sept, Dec. Meetings Are KeyGBP: Supported By Consistent Improvements In DataEUR: Shrugs Off News That Euro Zone Is Out Of RecessionNZD: Soars On Strong Data, More To Come?AUD:...

Compared to many other G10 nations, the U.S. producer price report is one of the least interesting pieces of data on today's calendar. Inflationary pressures in the U.S. have been muted for the past...

EUR/USDThe pair finished the session little changed, after the release of better-than-expected GDP reports from Germany and France were offset by a lower EUR/GBP cross, which was driven by the release...

The USD/JPY, for the past few weeks, is in the downtrend that started at the end of May. On the daily chart, price is forming a triangle, which can be also viewed as a Head and Shoulders formation by...

The EUR/USD went through the 1.33 – 1.3290 support level quite easily. Price continued to fall during the day despite the good ZEW data from Germany and due to the better retail sales data from...

EUR/USDCurrent level - 1.3277Yesterday's minor corrective pattern has been limited to 1.3316 and the renewal of the downtrend broke through the dynamic support projection at 1.3278, reaching a...

Despite the lack of liquidity and the lack of general market interest of late, isolated global economic data is beginning to paint an interesting picture. It’s certainly no Picasso, no...