Forex Opinion & Analysis

The EUR/USD retreated to 1.0667 in New York and consolidated at the tight range of 1.0689/1.0715 in Asia. Trend and momentum indicators remain comfortably negative for an extension of the downtrend...

For the 24 hours to 23:00 GMT, the AUD declined 0.82% against the USD and closed at 0.7492. LME Copper prices rose 0.20% or $11.0/MT to $5459.0/MT. Aluminium prices declined 0.46% or $8.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CAD and closed at 1.3432. On the economic front, Canada’s manufacturing shipments advanced more-than-expected by 0.3% MoM in...

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 1.0022.In economic news, data showed that Switzerland’s ZEW economic expectations index strengthened to a...

For the 24 hours to 23:00 GMT, the USD declined 0.17% against the JPY and closed at 108.83. In the Asian session, at GMT0400, the pair is trading at 108.94, with the USD trading 0.1% higher against...

For the 24 hours to 23:00 GMT, the GBP declined marginally against the USD and closed at 1.2441. On the data front, UK’s ILO unemployment rate unexpectedly dropped to 4.8% in the three months...

Key Points: Markets are pricing in a near 100% chance of a hike. Jawboning likely following the decision. Fed likely to hike the FFR 25bps at December FOMC meeting. The U.S. news cycle over the past...

Key Points: Final leg of an Elliot wave could be about to begin. Current support is reinforced by 100 day EMA. Stochastics should encourage bulls to re-enter as the week closes. In the wake of a...

EUR/USD. We lower our EUR/USD forecasts to 1.05 in 1M (1.09 previously), 1.04 in 3M (1.08), 1.08 in 6M (1.11) and 1.12 in 12M (1.15). Over the next one to three months, we expect the prospect of a...

Australian Dollar The Australian Jobs data was on the soft side. While the full-time number was boisterous, the participation rate was lower, and dealers are focussing on the last month’s...

With the US dollar continuing full steam ahead, I just wanted to upload a quick Technical Analysis blog with a focus on USD/CAD.USD/CAD Weekly:' We looked at the USD/CAD chart around a month ago now...

I found yesterday partly OK-ish and otherwise skewed. I’m also beginning to consider some rather firm reversals – well, more likely deep-ish corrections. Some of the development yesterday...

Short Term Elliott wave cycles suggests that rally to 1.712 ended wave ((X)). Decline from there is unfolding as a double three where wave ((w)) ended at 1.668 and wave ((x)) ended at 1.684. Pair has...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. While the U.S. dollar traded higher against most of the major currencies Wednesday, the NY session was marked by profit taking...