Forex Opinion & Analysis

The Canadian dollar is showing limited movement in the Tuesday session, following sharp gains on Monday. Currently, USD/CAD is trading at the 1.34 line. On the release front, Canada will publish key...

Tuesday November 22: Five things the markets are talking aboutHopes that the Trump administration would usher in a pro-business, pro-growth environment continue to drive stocks and yield higher and...

We finally saw some corrections in both major currency pairs at the beginning of this holiday-shortened week as investors took profit on long dollar positions. While the euro rose only moderately to...

NZD/USD Daily The rate has broken the 2016 uptrend and the neckline of the head and shoulders pattern. It is now testing the former neckline support as the new resistance. I already took a small short...

Market Drivers November 22, 2016 Japanese earthquake causes little damage Dollar correction continues Nikkei 0.31% DAX 0.34% Oil $49/bbl Gold $1218/oz. Europe and AsiaGBP: UK PSNB 4.3B vs. 5.9B North...

AUD/USD Recovers On Higher Commodities Prices The Australian dollar edged higher on Tuesday as its U.S. counterpart consolidated after its recent rapid ascent, while gains in key commodity prices...

USD/JPY has ticked lower on Tuesday, as the pair trades at 110.70. On the release front, there are no Japanese events on the schedule. The US will release Existing Homes and the Richmond Manufacturing...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.87; (P) 137.86; (R1) 139.46; Intraday bias in GBP/JPY remains on the upside for the moment. Focus remains on 138.81 resistance as the cross is now...

A strong rally on USD/JPY last week above 106.00 suggests that market is in a bigger and more complex recovery which can be wave B of a higher degree as shown on a daily chart. If that's the case then...

Market BriefThe S&P 500 broke another record yesterday as it closed at an all-time high, breaking the previous record from August 23rd this year. The blue chip index closed at 2,198 points on...

AUD/NZD continues to fall inside the clear triangle chart pattern which was previously identified by Autochartist on the daily charts. Autochartist rates the quality of this triangle at the 5 bar...

The dollar gave away some of its recent gains on Monday, as investors moved on to some profit taking. Recent gains were built on expectations of increased fiscal spending and higher inflation under a...

For the 24 hours to 23:00 GMT, the AUD rose 0.57% against the USD and closed at 0.7365. In economic news, data showed that Australia’s CB leading indicator rose by 0.5% in September, after...

For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CAD and closed at 1.342. In the Asian session, at GMT0400, the pair is trading at 1.3400, with the USD trading 0.15% lower against...