Forex Opinion & Analysis

Another reason why August markets should not be traded! 1.5420 held the downside and buyers grabbed the reins and drove us higher for 1.5560 overnight highs. There is still divergence evident on the...

Wednesday’s forecast headed in our direction for the most part. About two pairs had a few issues as the US Dollar was a bit hard to read, but things seem to be settling down now. US Dollar has...

BIAS: We should remain looking for losses but not yet directly.Resistance: 0.9355-58 0.9377 0.9389 0.9406Support: 0.9321-32 0.9305 0.9280-85 0.9258-66MAIN ANALYSIS: We did see a move up to 0.9367 and...

It was a much more sluggish day than I had hoped for although in retrospect the directness of the gains we have seen, and even higher again in USD/CHF, was perhaps a sign as the 4-hour Price...

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...

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:...

• Today’s announcement of higher-than-expected growth in France, Germany and the EU as a whole during Q2 has bolstered confidence that the long Eurozone recession is coming to an end. Even...

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...

Currently we are at 0.9374 in a nice channel. are looking for a bullish continuation to the R4 .resistance cluster at 0.9406-11. The average daily true range (ATR) for the pair currently is 88 pips.