Forex Opinion & Analysis

A sharp and extended decline seen in February, suggests that the pair is trading impulsively lower from above 1.6300 high. However, last week pair has found a bottom at 1.4830, which was expected...

EUR/USDThe euro dropped to its lowest level this year against the dollar after an unprecedented levy on bank deposits in Cyprus threatened to derail the nation’s bailout and spark a new round in...

I spoke on Thursday about how the EU summit represented a ‘tinderbox’ for the Eurozone, given the level of potentially explosive matters that were due to be discussed. We could never have...

The fragile stability in the euro zone was disturbed by the unexpected news from Cyprus: on Friday the EU finance ministers agreed on a tax on Cypriot bank deposits in return for a 10 billion euro...

NZ GDP q/q today will be crucial for the NZD as market is waiting for a catalyst to either push NZD lower or consolidate recent sell offs. With RBNZ concerned over the “unbalanced”...

The markets have clearly given their first strong indication as to whether Cyprus is systemic or not. The euro plunged to fresh year lows against the dollar, without mercy from last week's 1.3080...

The U.S. Dollar traded at a one-week low versus the Euro after reports indicated that inflation for the biggest economy has been contained. Analysts speculate that this may prompt the Federal Reserve...

GBP/USD Open 1.5101 High 1.5177 Low 1.5067 Close 1.5112On Friday Pound/Dollar traded within 110 pip range. The Cable appreciated from 1.5067 to 1.5177 on Friday, in line with the positive money flow...

EUR/USD recovered to levels above $1.2900 after opening at $1.2837, more than 200 pips below Friday’s close ($1.3073). The gains of last week’s rebound from $1.2912 to $1.3107 were lost...