Forex Opinion & Analysis

It seems to be that any day in which we are due some form of data release from the UK, that the pound will end up lower with yesterday certainly being no exception. Sterling fell new 2.5yr lows versus...

AUD/USD today reached the target level 1.0286 that was given for this currency pair in yesterday’s trade opportunity alert (shown below). The pair started the day today with the sharp upward...

Recap: Markets are frothy and still trying to figure out the fair price of the exchange rates after the latest ECB non-announcement. This tug of war is technically represented on the charts as a...

While the U.S. Dollar’s rally petered out at the start of yesterday’s trading session, gold managed to climb close to the $1,600 level due to a number of factors including inflationary...

EUR/USDEuropean Central Bank council member Jens Weidmann said the euro’s exchange rate won’t derail the region’s economic recovery. “I wouldn’t consider the euro...

GBP/USD Open 1.4903 High 1.4964 Low 1.4830 Close 1.4895Tuesday: the GBP/USD traded within 85 pip range. The Cable depreciated from 1.4917 to 1.4830 yesterday, in line with the negative money flow...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.07; (P) 143.10; (R1) 144.20;The GBP/JPY lost some upside momentum but a rebound from 137.87 is still in progress, and would extend to retest 147.97...

Dollar Eases a Second Day as Dow Matches Strongest Rally in YearsThe Dow Jones FXCM Dollar Index (USDollar) hasn’t fallen for three consecutive days since December 12. Yet, greenback weakness in...