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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

Draghi sounds optimistic – will EUR/USD rise?

Mario Draghi is not a drag on the euro today. He leans towards the glass half full by saying that downside risks are diminishing. Speaking against a backdrop of thin volume, markets are moving. At least not yet. Draghi says that tail ...

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Dragon Boats Becalm Asia

Dragon Boat festivals in China and a holiday heavy Monday globally saw muted trading in Asia, but a data-heavy week should see the pace increase towards Friday’s Non-Farm Payrolls. Monday’s Asia session was unlikely to be a memorable one with ...

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How to use the Forex Fibonacci

Interests often go to rather bizarre places. Some people get excited over weather forecasts, some love the craft of taxidermy and others still, a rather fond of applying the Fibonacci Principle – forex traders in particular. Those who use it ...

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GBP/USD Forecast May 29 -June 2 2017

GBP/USD dropped sharply last week, dropping 230 points. The pair closed at 1.2781, its lowest weekly close in four weeks. This week’s key events are Manufacturing and Construction PMIs. Here is an outlook for the highlights of this week and an updated technical analysis for ...

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USD/CAD Forecast May 29-June 2 2017

The Canadian posted gains for a second straight week, as USD/CAD lost 80 points. The pair closed the week at 1.3440. This week’s key event is GDP. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Bank of Canada ...

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AUD/USD Forecast May 29-June 2

AUD/USD was unchanged last week, closing at 0.7439. This week’s key events are Private Capital Expenditures and Retail Sales. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. There were no major events out of Australia last week. ...

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AUD/USD Forecast May 29-June 2 2017

AUD/USD was unchanged last week, closing at 0.7439. This week’s key events are Private Capital Expenditures and Retail Sales. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. There were no major events out of Australia last week. ...

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