Currency Analysis & Opinion

Yesterday showed how good old fashioned support and resistance levels should always be closely watched as EURUSD bounced off the 1.2360 level for the second time of the month.EURUSD remains a well...

FX League Table - 9th Fixture:Let's look at last week's achievements:1. GBP/NZD – SHORT from 1.9717 to 1.9849 = LOSS 302.98 $pips 2. EUR/GBP – LONG from 0.7985 to 0.7911 = LOSS 125.81...

AUD/USD Weekly Outlook 24.11.14 Sentiment: Bearish This has been an interesting pair as it has been trading in quite a large range between 300-400 pips over the past 8 weeks as it has been...

The spanner in the workings of FX markets last week was the interest rate cut from China on Friday. The initial reaction saw the Aussie gain, together with stocks, as investors once again took the...

GBP/USD Weekly Outlook 24.11.14 Sentiment: Bearish This pair has been consolidating setting up for a bearish move since last week. Looking at the 4HR time frame we can see the potential setup very...

Last Friday, the Euro moved lower after few dovish remarks by the European Central Bank. For the past few months, and due to many factors, the EUR/USD was mainly bearish; and might continue its...

GBP/USD Outlook 21.11.14This pair has found support around the 1.56000 area and has been in a period of consolidation.Two attempts have been made at this support level and failed. On the other hand we...

EUR/USD Intraday Outlook 20.11.14 Sentiment Bearish Although the pair has been consolidating we must not forget that this pair has been in a downward trend for some time. This pair seems to be facing...

The euro has performed admirably in the past couple of weeks. However all could be about to change. This morning’s flash manufacturing PMIs have suggested that the forward looking data suggests...

At 1330 GMT/ 0830 ET the latest US inflation data is scheduled to hit the wires. The market is expecting prices to fall by 0.1% in October, which could push the annual rate down to 1.6% from 1.7%....

This cross is mostly trading sideways this afternoon even though the US had a trio of positive data releases including a surge in the Philly Fed, stronger than expected existing home sales and an...

The EUR/USD remained unchanged trading around the same levels after the release of the FOMC Meeting Minutes. Although, the euro strengthened slightly after the release of the European Zone economic...

Bearish signals for GBPCHF on the week and for Wednesday were initially confirmed yesterday as investors sold the cross to post a 5th lower daily high & low in a row and a new 6 month low at...