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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

EURGBP and German Dax Analysis

EURGBP looks to have completed a corrective rally within red wave b) or ii) around 0.8816 region, from where a new drop lower followed. We now see a current weakness as part of red wave c) or iii), which can ...

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UK Services PMI at 53.4 – within expectations

The third and last purchasing managers’ indicator for the US is the most important one: the services PMI. 79% of the UK economy services. GBP/USD extended its decline, trading around 1.29, which serves as a line of support. Further support ...

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USD/JPY rocks on and rolls on North Korea news

The Japanese yen is a safe haven currency, and its status is reflected in the most recent troubles, originating from North Korea, Japan’s neighbor. The yen is in demand with every deterioration but then sold off when the short attention ...

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