Forex Opinion & Analysis

Back on November 2nd, I did a Slope Plus post called Shorting the Continent, in which I suggested shorting the euro. You can see what’s happened since then: The referendum in Italy, it appears,...

EUR/USDWhat ProAct Forex Target Traders See: We are currently sitting at 1.0566 after a breakout of a symmetrical triangle which is bearish for the pair. A couple of different scenarios: 1: Bullish: a...

Here is the daily chart of DX.It looks like DX is now taking a breath here as it is holding the 23.6% retracement value of previous move since the US election. If this support breaks (as it seems...

To understand AUD/USD tight ranges and containment inside a 7 month parameter between 0.7300’s to 0.7700’s, OCR is the first problem because its far to low and oversold. The second...

In the Currency Strength table the NZD was the strongest currency while the JPY was the weakest. All the currencies are more or less at the same level as last week except for the CAD gaining 3...

The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: NZD(4X) followed by the CAD(3x). The weaker currencies are...

US dollar net speculator positions leveled at $24.82 billion last weekThe latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on...

Feeling bullish? Bearish? It doesn’t matter. I’ve got something for everyone today.I’ve assembled below some interesting charts that help provide fodder for either argument....

Summary: USD had a large rally in November. We had been looking for a short and shallow pullback. Here are thoughts about what would signal an outright correction. The Federal Reserve’s real...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. With less than 2 weeks to go before the December Federal Reserve meeting, investors were not impressed by the latest U.S. jobs...

Silver is making a nice reaction higher from 16.31 swing low, where metal might found a low of a wave 2) that is part of a third leg of recovery; wave C of B which is expected to rise up to around...

Once again, after the UK referendum the Eurozone will undergo a new harsh test as Italy decides either to stay in the cartel or follow the path of its neighbor UK. The suspense of the Italian...

Gold remains strongly bid, despite mixed US data yesterday. The haven metal rallied on Wednesday to 1194.96 highs, then plunged yesterday to 1160.70, lowest since second of January. The market is in...