Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the GBP rose 0.86% against the USD and closed at 1.4788. In the Asian session, at GMT0300, the pair is trading at 1.4796, with the GBP trading marginally higher against...

For the 24 hours to 23:00 GMT, the EUR rose 0.68% against the USD and closed at 1.1331. In economic news, the Euro-zone’s flash consumer confidence index unexpectedly fell to a level of -7.3 in...

Brexit: 3 charts to watch UK goes to polls starting 0600 UK time, June 23rd Polling expected to be completed by 2200 UK time No official exit polls have been commissioned, leaving GBP vulnerable to...

UK polls open today at 0700 UK time and could see an initial knee-jerk reaction on the GBP and EUR. That said, the GBP remains at risk of a significant pullback, while the euro remains range bound...

Forex markets are poised high on a tightrope between risk and safety…The aggregated GBP/USD RAW ECN spreads (no, not standard) at Vantage FX have widened out between 4 and 5 pips, and...

AUD/USDShort-term Elliottwave structure suggests rally to 0.7504 ended wave ((w)), and pullback to 0.7283 ended wave ((x)). From 0.7283 low, pair ended wave (w) higher at 0.7512, and we take the more...

We’re going to see some fireworks! Ok, maybe not today, but tomorrow all hell should be let loose.Already we have seen some sharp swings in pre-Asian trading, and this has opened up what I feel...

The 60 minute EUR/USD forex chart is having a bull breakout above a wedge bear flag after rallying up from a wedge bull flag. Just as I wrote about the Emini above, the forex markets are in breakout...

On EUR/JPY we still may see a decline into wave 5 to complete a five wave structure in wave C from 124.11. At the moment there is slow price action, but a break beneath 116.93 may finally open the...

Last day of campaigning in the United Kingdom!The United Kingdom has kicked off the final day of campaigning for tomorrow’s Brexit vote and surveys are showing that everything still remains in...

BREXIT today – we are out of EUR and GBP PairsUSD/CAD Currently we are 1.2761 trying to break out of the rectangle to the downside. If successful, we are looking for continuation to the 1.270...

EUR/USD: Long At 1.1280ECB President Mario Draghi said that Eurozone growth is gaining momentum but uncertainty is high and the inflation outlook is subdued so the European Central Bank stands ready...

A sense of anxiety continues to loom over global markets with investor unease reaching new heights as the Brexit saga finally draws to an end with less than twenty-four hours till vote day. Market...

USD/CAD daily chart - June 22, 2016In the above daily chart, we expect USD/CAD to test 1.33 - 1.35 price area in order to complete the intermediate corrective red (B) wave. Immediately after the end...