Forex Opinion & Analysis

After a robust surge in U.S. financial, industrial, and health care stocks post the U.S. elections sent the Dow Jones industrial average to new record high, the rally lost momentum on Wednesday as...

Trading recommendations Sell in the market. Stop-Loss 1.0740. Targets 1.0670, 1.0600, 1.0550 Buy Stop 1.0740. Stop-Loss 1.0680. Targets 1.0795, 1.0840, 1.0900, 1.0975, 1.1050, 1.1120Overview and...

The markets have been quite flat this week with the bullish momentum on the US dollar pushing the USD crosses lower across the board. The US dollar index is seen stalling a few points above the 100.00...

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 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...