Forex Opinion & Analysis

Despite the greater demand for higher yielding assets in the form of higher equity markets at the end of the past week, the aussie failed to break above the key resistance level seen at 1.0475. At...

GBP/USD Open 1.5698 High 1.5879 Low 1.5774 Close 1.5688On Friday GBP/USD decreased with 190 pips, losing all earlier 3 day gains in one day. The Cable depreciated from 1.5879 to 1.5687 on Friday, in...

EUR/USD has extended its gains on Friday but then stopped at 138.2% Fibonacci extension level of wave i) measured from wave ii) low. In fact, the pair found resistance after five waves up from 1.3414...

EUR/USDTrading range: 1.3650 - 1.3545Trend: DownwardSell at 1.3636 SL 1.3668 TP 1.3559USD/JPYTrading range: 92.45 - 93.40Trend: UpwardBuy at 92.55 SL 92.23 TP 93.27GBP/USDTrading range: 1.5725 -...

The Euro dollar pair is in a retracement mode after hitting its high last week. Spanish unemployment data is due later on today at 8:00 GMT which could fuel this retracement if the number comes up at...

The British pound is deemed to lose further ground opposite the Euro today as a slowdown in UK manufacturing and an expected contraction in the construction sector are deemed to intensify fears of a...

Another week, another rally in USD/JPY, this time taking out another key level at 92.30. Japanese officials shrugged off criticism from the Davos summit against Japan’s decision to embark on a...

The dollar’s weakness was seen most prominently against the Euro last week as money flows into ‘risk on’ assets continued. Hopes that the worst of the Eurozone debt crisis is now...

GBP/USD ended the week lower after a much needed pullback in early week trade was soon reversed in favour of the longer term trend as Manufacturing data reflected an economy slipping back into another...

AUD/USD did very little last week as the ‘risk on theme’ in the markets were off-set by another report showing inflationary pressures in the Australian economy eased again, making a case...

Friday was a little more hectic, frenetic and chaotic than expected. Well, perhaps not too chaotic with the exception of GBP/USD that decided to mirror the rally in the Euro - except in the opposite...