Forex Opinion & Analysis

The U.S. Federal Reserve will release the Interest Rate Decision today. No economists would expect any interest rate hikes in April, especially considering the disappointing date released before....

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Investors were net sellers of U.S. dollars ahead of Wednesday’s Federal Reserve meeting, which is surprising because the...

US dollar index (DXY) is having a major support at 93.80 in the weekly chart, with prices forming bullish patterns near the support line and bouncing.As shown in the chart below, A,B,C and D are the...

Euro bulls need a break above the 1.1400 right shoulder to end the head-and-shoulders top while the bears need to keep forming lower highs and lows. The EUR/USD rallied to the top of the April 21...

Daily FX Wrap: The USD Index takes another hit, led by cable but followed up in the rest of the majors. Support coming in ahead of the London close as FOMC risk contains.A busy session in FX today,...

Trade ideas for the FX majors: EUR/USD, GBP/USD, USD/JPY and AUD/USD.

For the past 6 months or so, the British currency has been under the heavy influence of political risk due to the ‘Brexit’ vote. Speculation that the UK might have to leave the European...

AUD/JPYCurrently we are at 85.93 in a large range. We are looking to continue to the top at 86.65 and stall or reverse here. The average daily true range (ATR) for the pair currently is 142 pips.

Despite worse-than-expected German business confidence data, the euro held up well against the U.S. dollar Monday. Although prices fluctuated within a confined band of only 40 pips, the euro showed...

GoldGold price bounced bullishly yesterday after testing 1227.40 level, which supports the continuation of the positive scenario in the upcoming period. The price is facing solid resistance formed by...

Currencies EUR/USD – continues to move higher as the USD is weakening. The nearest support can be found around the 1.12 level and the resistance around the 1.1375 level and at the moment it is...

Market Drivers April 26, 2016 Cable pushes higher Kiwi flirts with 6900 Nikkei -0.49 Dax 0.25% Oil $43/bbl Gold $1236/oz. Europe and AsiaGBP: UK BBA Loans 45K vs. 46K eyed North America USD: PMI...

GBP/USD Daily The new week has started with a large breakaway gap above the large inverse head and shoulders pattern's neckline. As the rate filled the gap on Monday (therefore, testing it as the new...