Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the AUD rose 0.27% against the USD and closed at 0.7487. Yesterday, the OECD predicted Australian economic growth to slip below 3.0% by the end of 2016 and remain below...

For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CAD and closed at 1.3406. Meanwhile, the Organization for Economic Co-operation and Development (OECD) is sticking by its prediction...

For the 24 hours to 23:00 GMT, the USD rose 0.54% against the CHF and closed at 1.0135. Yesterday, the OECD warned that risks posed by negative interest rates have not materialized so far in...

For the 24 hours to 23:00 GMT, the USD rose 0.15% against the JPY and closed at 111.81. Yesterday, the OECD, in its economic outlook report, forecasted that Japanese economy will grow 1.0% next year...

For the 24 hours to 23:00 GMT, the GBP declined 0.87% against the USD and closed at 1.2416, after OECD predicted steep fall in UK’s economic growth in 2017, following Brexit...

For the 24 hours to 23:00 GMT, the EUR declined 0.37% against the USD and closed at 1.0619. Yesterday, the European Central Bank (ECB) President, Mario Draghi, at a hearing of the Committee on...

Dynamic trend: Turned up Background: W1 – weak; D1 – strong Phase: Markup Support: 111.80; 111.00 Resistance: 113.60 USD/JPY Hourly 28-11-2016 Analysis Point 1: There was a breakout of the...

Key Points: Long-term Elliot wave remains in place. Leg four is still retracing but could be about to pick up the pace. The pair could end up at the 1.3664 mark or higher. The loonie’s long-term...

The Renzi RiskOvernight, traders sidestepped the OPEC meeting and US employment report risks while opting to focus on the Italian Senate reform referendum instead, which will take place on Sunday....

US dollar net speculator positions rose to $22.25 billion last weekThe latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on...

It seems I misread part of the structures in the Europeans. It does make any difference to the targets I have but yesterday’s deeper pullbacks – as advised in the update – provided...

Key Highlights · The US dollar after a monstrous rally against the Japanese yen found sellers at 113.80-114.00. · There was a crucial bullish trend line on the 4-hours chart of USD/JPY,...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Don’t be fooled by the performance of Monday's U.S. dollar because the uptrend remains intact. The dollar may have...