Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD rose 0.59% against the CHF and closed at 1.0169. In the Asian session, at GMT0400, the pair is trading at 1.0185, with the USD trading 0.16% higher against the...

For the 24 hours to 23:00 GMT, the USD rose 1.22% against the JPY and closed at 112.46. In the Asian session, at GMT0400, the pair is trading at 112.79, with the USD trading 0.29% higher against the...

For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.2422, after the UK’s Chancellor, Philip Hammond, in his Autumn Statement, slightly revised up UK’s...

For the 24 hours to 23:00 GMT, the EUR declined 0.69% against the USD and closed at 1.0552. Macroeconomic data released in the Euro-zone indicated that activity in the region’s services and...

Dynamic trend: Turned up Background: W1 – very weak; D1 – weak Phase: Markdown Support: 1.055 Resistance: 1.066 Point 1: There was a potential “Selling Climax”, with a very...

Key Points: “C” Leg completes on 4-hr timeframe. RSI and Stochastic Oscillator reaches overbought territory. A breakdown below the channel is likely in the coming days. The EURJPY has been...

The Fed since 1990, changed the Fed Funds rate 79 times since 1990. Overall, 47 times were decreases V 32 increases. From 1990 to 2002, Fed Funds was lowered 36 times and increased 14 times for 50 Fed...

Gold: Having the commodity sold off strongly on Wednesday, further weakness is likely. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level....

Daily FX Wrap: USD goes on another ramp to – JPY rate through key resistance zone to high highs just shy of 113.00 while the EUR now targets 1.0500.Today’s session was set to be focused on...

Market Drivers November 23, 2016 AUD Construction Data misses but pair rises EZ PMI beat Nikkei closed Dax -0.54% Oil $48/bbl Gold $1212/oz. Europe and AsiaAUD: Construction Work Done -4.9% vs....

AUD/USD Daily The rate has made a pullback after the massive last week drop and is now testing the former broken 4-month range support as the new resistance. Similarly as with my NZD/USD trade idea, I...

The U.S. dollar traded slightly higher versus most of its major peers Tuesday while the performance of the EUR/USD was mixed with the euro fluctuating sideways between 1.0660 and 1.0580. The pound...

EUR/USD Weekly Trend: Oversold 1st Resistance: 1.0679 2nd Resistance: 1.0713 1st Support: 1.0614 2nd Support: 1.0555 EUR Recent Facts: 22nd of July 2016, German Manufacturing PMI (key indicator of the...

The dollar extended gains against the other majors currencies on Tuesday, helped by the release of upbeat U.S. housing sector data and as sustained optimism over the outlook for the economy continued...