Forex Opinion & Analysis

The dollar rose against basket of major currencies after remarks from Federal Reserve Chairman Ben Bernanke kept intact expectations that the Fed would be first among the major central banks to move...

GBP/USD Open 1.5206 High 1.5268 Low 1.5077 Close 1.5210On Wednesday Pound/Dollar increased with 125 pips on positive UK data. The Cable appreciated from 1.5077 to 1.5268 yesterday, in line with the...

Early this morning, new Bank of England Governor and former BoC Governor Mark Carney announced his first decision in his new position. As expected by markets, his comments did not indicate any major...

1.3085 is the key today. This is the 50% fib level, and if sellers manage to break below here, then we are back to within our previous rangy markets with the parameters 1.3080 to 1.2990. We have made...

EUR/USDTrading range: 1.3120 - 1.3045Trend: NeutralSell at 1.3106 SL 1.3138 TP 1.3056USD/JPYTrading range: 99.80 - 100.50Trend: NeutralBuy at 99.94 SL 99.62 TP 100.39GBP/USDTrading range: 1.5200 -...

EURUSD maintains negative tone to range themeAs expected a Wednesday setback from ahead of modest resistance at 1.3205/10 after the Tuesday rebound effort to maintain the near term neutral outlook.We...

Tuesday’s forecasts went in our direction for the most part, except for two pairs that didn’t have the strength to reach our blue zones all others behaved close to what was thought...

Dollar and S&P 500 Volatility Risk Not Defused by Bernanke TestimonyFed Chairman Ben Bernanke played the monetary policy game well this past session. He managed to defuse what was an extreme...

GBP/USD for Thursday, July 18, 2013After having done very little for a few days, the GBP/USD has surged higher and moved through the 1.52 level to a two week high near 1.53. It has for the most part...

EUR/USD Open 1.3114 High 1.3180 Low 1.3082 Close 1.3119On Wednesday Euro/Dollar traded within 95 pip range. The European currency depreciated from 1.3180 to 1.3082 yesterday, not matching the positive...

It is hard being an AUD bull these days; they just seem to be unable to catch a break. Prices tried hard to stay above the 0.92 round figure support earlier yesterday, with Bernanke’s dovish...

Market Review - 17/07/2013 22:24GMT Dollar rebounds against euro on Bernanke's comments The greenback rose against the euro on Wednesday as the Federal Reserve Chairman Bernanke said the central bank...

USD/JPY is moving sideways in a range between 98.27 and 100.48. Resistance is now at 100.48. As long as this level holds, the price action in the range could be treated as consolidation of the...

The Australian dollar held near a week high before Federal Reserve Chairman Ben S. Bernanke begins a second day of testimony following remarks that signaled no imminent exit from stimulus that tends...