Forex Opinion & Analysis

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...

Market Review - 10/07/2013 22:30GMT Dollar tumbles on dovish Fed minutes The greenback tanked against yen and euro as the minutes of the last FOMC meeting stated many policymakers thought further...

The dollar is trading lower this morning against all of the major currencies ahead of today's key U.S. event risk. While there has been a bit of volatility in the FX market, the equity and bond...

USD has extended its gains in the last few days and is now showing a clear impulsive, bullish formation. It seems that market is in the middle of a black wave 3 that may be targeting 85.00. However,...

Currently we are at 1.2815 and working a channel to the downside. We are looking for a bearish continuation to the support and 1.270 Fibo at 1.2688 with the overall target at the support cluster at...

The yen has posted sharp gains against the US dollar in Wednesday trading. USD/JPY is testing the 100 level in the European session. The US and Japanese central banks are in the spotlight today, as...

The EUR/USD pair has bounced from its support zone on a 30 minute time frame as predicted. This support zone was given in our analysis on 9th of July. The price is still trading within the downward...

The USD/JPY pair has bounced from its support zone on a 30 minute time frame as predicted. This support zone was given in our analysis on 3rd of July. The price action has broken its upward trend line...

The EUR/SEK pair has formed a head & Shoulder pattern on a daily time frame. If this pattern does play out completely, it could push the price towards the 8.40 level. The pair is also trading...

Book profit on sold payer 6M5Y EUR swaption. The position was established on 25 June (link). The payer swaption was sold for a premium of 119 ticks and is now bought back for 57 ticks. Even though we...