Forex Opinion & Analysis

USD/CAD is still trading to the downside, recently completing extended wave 3) near 1.274 area, from where a new bounce unfolded. This unfolding reversal is wave 4), that can ideally reach levels...

The dollar moved back up toward two-and-a-half week highs against the other major currencies on Thursday, as investors shrugged off mixed U.S. economic reports.The U.S. Department of Labor said the...

The GBP/USD decreased but is still trading above the solid support point 1.4090 as the Bank of England (BOE) kept rates unchanged as expected at 0.5%. The minutes also claimed that...

The Swiss franc has been making some solid gains against the US dollar over the past few weeks and despite its valiant efforts, the USD seems to be losing the fight. However, the positive sentiment...

The Australian dollar has posted small gains on Friday, repeating the trend which marked the Thursday session. AUD/USD is trading at the 0.7710 line in the European session. In economic news, Chinese...

EUR/USDRisk reward: 1.25Volatility: AverageSell at 1.1271 SL 1.1303 TP 1.1231USD/JPYRisk reward: 2.13Volatility: HighSell at 109.73 SL 110.05 TP 109.05 GBP/USDRisk reward: 1.87Volatility: AverageSell...

Major currencies saw a muted response to Chinese GDP data out today that showed growth slowing to the lowest since the first quarter of 2009. China’s GDP expanded by an annual rate of 6.7% in...

A sense of unease rippled across the global markets in the early hours of this morning following the announcement of China’s Q1 GDP figure of 6.7% which was the slowest quarterly growth the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.01; (P) 154.68; (R1) 155.48; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

Action by the Bank of Japan (BoJ) action to move interest rates on yen bank deposits into negative territory is causing unintended side effects. Negative interest rates are causing the yen to rise,...

AUD Employment Error. Crazy Price Action: The Aussie dollar once again made a new overnight high, poking it’s head through the resistance zone we’ve been watching before easing a little...

USD/JPYShort term Elliottwave structure suggests that wave W rally from 4/7 low (107.66) is unfolding as a flat where wave ((a)) ended at 108.99, wave ((b)) ended at 107.6, and wave ((c)) is in...

EUR/GBP has trend line resistance at 7985/90 today but above here is more positive and signals the resumption of the bull trend, targeting resistance at 8005/09. A high for the day possible but a...

GBP/USD Open 1.4146 High 1.4206 Low 1.4090 Close 1.4151On Thursday pound/dollar decreased with 115 pips. The cable depreciated from 1.4206 to 1.4090 yesterday, in line with the negative money flow...