Forex Opinion & Analysis

Rupee’s attempt to stabilise over the first half of the week was completely squashed as it was subjected to renewed selling pressure over the second half and it dipped to fresh record lows near...

Dollar Rally Eases as US Stocks Take Another Spill after Fed ChatterThe US dollar slipped for the first time in six trading days – breaking pace on a bull run that matched the strongest advance...

The USD/JPY has been trading higher since Wednesday's FOMC statement. The pair broke above the upper trend-line of Elliott Wave channel, so we think five waves down in wave A)/1) is complete, and that...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.76; (P) 150.84; (R1) 151.93;The GBP/JPY lost some momentum after hitting 151.92 and with 4 hours MACD crossed below signal line, intraday bias turned...

Yesterday Fed officials triggered a minor bounce in sentiment in the U.S. hours, and overnight the PBoC attempted to dothe same. But looking around the markets, I don’t feel compelled to don the...

The debate over QE continues, but now with a more dovish tilt. Dallas Fed President Richard Fisher, who is considered an ultra-hawk (5 out of 5 on the Thomson/Reuters/ Hawkometer) reiterated...

AUD/USD pauses at key .9145 support, but mounting risk for surrender this week to aim for .9000 and belowAs expected, a low level consolidation (neutral outside Monday) to start the week after a push...

The USD starting to show signs of weakness of Monday, and a possible corrective move. The overall outlook for the USD is still strong in the current price action, but a corrective move is on charts...

GBP/USD Open 1.5444 High 1.5466 Low 1.5342 Close 1.5424On Monday, the GBP/USD increased with 120 pips. The Cable appreciated from 1.5342 to 1.5466 yesterday, in converse with the negative money flow...

EUR/USDTrading range: 1.3095 - 1.3170Trend: NeutralBuy at 1.3108 SL 1.3076 TP 1.3158USD/JPYTrading range: 97.75 - 97.10Trend: NeutralSell at 97.62 SL 97.94 TP 97.17GBP/USDTrading range: 1.5415 -...