Forex Opinion & Analysis

ECB President Mario Draghi gave a speech to the European Parliament yesterday and essentially reiterated the same points as during the press conference following its key interest rate announcement...

BIAS: While 0.9693-0.9716 supports there seems to be room for one more high around 0.9765-89 before a move lower.Resistance: 0.9750 0.9765-70 0.9789 0.9820Support: 0.9706-16 0.9693 0.9665-78...

It was a strange day yesterday - EUR/USD generated a surprise with the depth of its recovery to 1.2897, a level I hadn’t expected to be tested. That GBP/USD and USD/CHF ploughed on with their...

Busy busy day for NZD/USD during early Asian trade today. The Kiwi traded lower overnight due to the strengthening of USD led by US stocks, but started to recover when the New Zealand exchange opened,...

EUR/USD Open 1.2781 High 1.2898 Low 1.2753 Close 1.2778On Tuesday Euro/Dollar resumed decreasing significantly with 145 pips. The European currency depreciated from 1.2898 to 1.2753 yesterday,...

Market CommentaryThe Dollar Index (DX) above previous resistance of 84.50 ranges to currently trade at 84.86; the medium term trend is intact till it manages to trade consistently above 84.30 ranges...

USD/CAD is facing the support of the upward trendline on the 4-hour chart. As long as the trendline support holds, the fall from 1.0608 could be treated as consolidation of the uptrend from 1.0137....

The ECB Wants EURO LowerUSD: What To Expect From The FOMCGBP: Driven To 3-Year Lows By Weaker DataAUD: The China EffectNZD: Extends Gains On Stronger DataCAD: Oil Prices Hit $104JPY: Signs Of Fading...

GBP/USD has dropped to retest the March 1.4830 low, establishing almost a four-month low in the process. This retest of key support places the currency pair at a critical juncture. The current bias is...

In European trading, the Euro made lows:On March 27 the Euro (ECU13) traded as low as 127.70. On April 4 the Euro also traded down to 127.70 and then reversed course.In the middle of May, the Euro...

June was my second losing month in a row. Most of this just reflected my need to be more selective in my approach, though there are some lifestyle conflicts emerging that made it hard for me to follow...

EUR/USDThe pair finished the session in minor negative territory amid a firmer USD which was largely driven by the release of much weaker than expected UK macroeconomic data. The release of less than...

Currently we are at 0.8649 after breaking out of the ascending wedge. We are looking for a bullish continuation to the R4 at 0.9805 with the overall target at the day chart top at 0.8816. This pair...