Forex Opinion & Analysis

EUR/USD reaches 8-month high on weaker dollarThe EUR/USD maintained its highest levels since August 2015 against the dollar to touch the 1.1600 zone. The US dollar continue its slump on weak Chinese...

USD/JPYUSD/JPY failed to resume the recovery yesterday after failing to hit the initial resistance of 106.60, and the pair has fallen down sharply below 106.00 levels. The only problem that prevents...

Market Drivers for May 03, 2016 AU RBA Cuts to 1.75% UK PMI Manufacturing lowest in 3 years Nikkei closed DAX -1.51% Oil $44/bbl Gold $1299/oz. Europe and AsiaAUD: RBA cuts by 25bpGBP: UK PMI 49.2 vs....

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.10; (P) 155.88; (R1) 156.90; Intraday bias in GBP/JPY remains on the downside for 151.64 low. The larger decline from 195.86 could be resuming and break of...

GBP/USD holding above important support at 1.4625/35 now targets 1.4680/85, 1.4720/25, 1.4745/50 and 1.4780/85 this week but 1.4870 is the ultimate target in May. Strong support at 1.4625/35 but longs...

AUD/USD broke higher recently, up into wave C (circled) which is part of a big corrective wave IV, which looks like a flat. A flat correction is a 3-3-5 pattern; a contra-trend movement that should...

EUR/USD has posted strong gains on Tuesday, continuing the upward trend which marked the Monday session. The pair is trading just under the 1.16 line in the European session. On the release front,...

Just as I warned, the dollar has signaled another failed intermediate cycle.There’s no longer any question. The deflationary, dollar-to-120 scenario is out the window. Just like I predicted,...

Aussie tumbles as RBA cuts ratesThe AUD/USD changed a little bit after weak Caixin PMI data and touched the 0.77 range, but the Reserve Bank of Australia (RBA) cut rates to 1.75% and commented that...

Fed can wait In light of the still soft global economic picture and risks to US growth and employment, we have pushed to Q4 the timing for Fed action. We have, accordingly, revised our forecasts to...

It was deemed the action of least regret, and the RBA chose to get ahead of the curve instead of waiting for another quarter of subdued inflation data. Clearly, we will see a further explanation of...

London Forex Report: Global manufacturing readings showed manufacturing sector is losing steam again in April, spurring concerns the world remains trapped within a modest growth backdrop. With the...

EUR/JPY Intraday Chart BIAS: We should either see a move up to 122.95-15 for a reversal or a dip to 121.66-95 in a sideways consolidation Resistance: 122.95-15 123.36 123.61 124.06Support: 122.32...

Welcome to my "Ranking, Rating and Score" article for the coming month. The article "Strength and Comparison" has also been published.When looking at the Top 10 in the Monthly Ranking and Rating List,...