Forex Opinion & Analysis

Recap: Our short from Wednesday would be the gift that kept giving if you kept it open, after the support break (red line on our chart) opened the floodgates to the eager bears. Our GU short was kept...

Today’s HighlightsIndustrial Production (MoM) + Manufacturing Production (MoM) (GB, 09:30 GMT)ECB President Draghi Speaks (EU, 10:00 GMT)German Industrial Production (MoM) (Ger, 11:00...

The U.S. Dollar traded mixed against its peers and rallied against the Euro after the European Central Bank’s President, Mario Draghi, delivered the final press conference of the year during...

Dollar Advances a Second Day but Risk Not Yet SupportiveOn a net basis, the dollar squeezed out a second daily advance through Thursday. However, this strength must be attributed to an exceptional...

Technical Major CurrenciesEUR/USDThe pair dropped as expected and is trading below the Linear Regression Indicator 34 were we expect an extension of the downside move and might test Fibonacci levels...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.89; (P) 132.39; (R1) 132.74GBP/JPY continues to lose upside momentum ahead of 133.48 key resistance but with 130.45 minor support holds, another rally is...

EUR/USDThe European Central Bank president is taking on more and more responsibility to keep the currency bloc afloat, from propping up bond markets to monitoring fiscal policies and assuming...

Heading to the culmination of the week’s trades between the two commodity dollars, the Canadian dollar is anticipated to pare earlier losses against the Australian dollar. The aussie has gained...

GBP/USD Open 1.6047 High 1.6129 Low 1.6035 Close 1.6045On Thursday GBP/USD decreased insignificantly with 50 pips. The cable depreciated from 1.6129 to 1.6081 yesterday, in line with the negative...