Forex Opinion & Analysis

Currency markets turned completely upside down over the last twelve hours, with the Dollar losing heavily towards all major currencies. EUR/USD has gained close to 300 points over the last 24 hours...

Wednesday’s forecasts had a bit of a turmoil, about three pairs punched through our blue zones and went in for a rally. We were expecting some strong moves and looks like it has happened, in...

GBP/USD Open 1.5168 High 1.5197 Low 1.4843 Close 1.5000On Wednesday Pound/Dollar increased tremendously with 350 pips. The Cable appreciated from 1.4843 to 1.5197 yesterday, in line with the positive...

Everything seemed to be going pretty well until yesterday but there appears to be a thug that has thrown a spanner in the works. I had expected a correction in the Europeans yesterday but then it...

EUR/USDTrading range: 1.3160 - 1.3055Trend: DownwardSell at 1.3146 SL 1.3178 TP 1.3069USD/JPYTrading range: 98.15 - 99.10Trend: UpwardBuy at 98.26 SL 97.94 TP 98.98GBP/USDTrading range: 1.5185 -...

Yesterday, Standard & Poors downgraded Italy's credit rating from BBB+ to BBB, with the possibility of further downgrades. S&P justified its decision by citing the country's structural...

Previously we had bought NZD/USD at 0.7846. After FOMC minutes were announced, US Dollar fell across the board. We would like to take profit on our NZD/USD trade. Closed NZD/USD at 0.7938, profit is...

USD/CAD is at the peak of the channel. This is good opportunity to sell.Sell USD/CAD at 1.0513Stop level at 1.0625Target level at 1.0375

The Euro is slowly easing back after its amazing surge higher touching 1.32 briefly and a three week high in the last few hours. It has been some time since the Euro has experienced a 24 hour period...

In the last 24 hours, the AUD/USD as surged higher to within a whisker of the 93 cents level and its presently consolidating a little around 0.9240 after taking a breather from its sharp movement....

EUR/USD Open 1.3170 High 1.3210 Low 1.2763 Close 1.2958On Wednesday Euro/Dollar increased significantly with 245 pips on Bernanke dovish comments. The European currency appreciated from 1.2763 to...

USD – No Help From the FedThe U.S. dollar received very little support from the FOMC minutes or Bernanke’s testimony. Interestingly enough, this was not because the central bank did not...

AUDUSD’s upward movement from 0.9037 extends to as high as 0.9297. Further rise to test 0.9344 resistance is still possible, as long as this level holds, the rise could be treated as...