Forex Opinion & Analysis

We discuss our trades that are currently in progress and analyze what potential opportunity could be looming in the days and weeks ahead.

With forecast Retail Sales already on the low, A worse-than-expected figure combined with in-line or worse inflation data could see USD/CAD blast through trendline and horizontal resistance between...

USD/JPYWe were neutral yesterday and the daily candle reflected that by forming a doji candlestick. The USD/JPY trades between SMA50 at 109.60 and the initial resistance of 110.50 and between those...

EUR/GBP must climb over 0,777 (h&s neckline and 100-sma) to reaffirm the bullish scenarioOriginal post

EUR/USD technically supported by the daily 100-SMA.Original post

Market Drivers May 20, 2016 EU Current Account 27.3B vs. 19.6B RBA Edwards – chatter over lower inflation premature Nikkei 0.54% Dax 1.18% Oil $49/bbl Gold $1258/oz. Europe and AsiaEUR: CA 27.3B...

For the 24 hours to 23:00 GMT, the AUD weakened 0.06% against the USD to close at 0.7226. LME Copper prices declined 0.10% or $4.5/MT to $4596.0/MT. Aluminium prices rose 0.42% or $6.5/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.53% against the CAD to close at 1.3083. In economic news, Canada’s wholesale sales declined more-than-expected by 1.0% MoM in March, falling for...

For the 24 hours to 23:00 GMT, the USD weakened 0.17% against the JPY and closed at 109.92. In economic news, Japan’s final machine tool orders declined by 26.3% YoY in April, following a 21.2%...

For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.4600, after UK’s retail sales rebounded above expectations in April. Data showed that retails sales in...

For the 24 hours to 23:00 GMT, the EUR declined 0.20% against the USD and closed at 1.1200, after the Euro-zone’s seasonally adjusted construction output declined 0.9%, falling for the second...

The USD/CAD increased ahead of Canadian CPI / retail sales dataThe USD/CAD is hitting higher for the third consecutive day awaiting Canadian CPI and retail sales reports Friday. The USD/CAD extended...

USD Index is on the sharp rise and has reached our minimum upward projections near 95.17 resistance, but bullish momentum is strong from the last 24 hours so there is room for more strength ahead. An...

EUR/USD is steady on Friday, continuing the lack of movement which marked the Thursday session. The pair continues to hug the 1.12 line in the European session. On the release front, it’s a...