Forex Opinion & Analysis

The dollar fell against most major currencies on Wednesday, pressured by minutes of the U.S. Federal Reserve's meeting last month that urged for caution about future interest rate hikes. Minutes from...

London Forex Report: Consensus is surfacing that global risks are increasingly taking precedence over domestic growth prospects in the Fed policy decision, FOMC minutes showed. While two members...

EUR/USD bullish breakout ahead of ECB meetingThe EUR/USD entered a bullish trend after it traded above 1.1420, powered by the release of the FOMC meeting minutes. Yesterday, a positive sentiment was...

Despite the initial volatility, the markets soon settled back following the release of the FOMC meeting minutes yesterday. EUR/USD and gold did not make any significant gains with the exception of the...

The minutes of the Fed’s March policy meeting showed signs of a split emerging within the FOMC, as two committee members argued for a rate hike. However, only one member voted for a rate...

Yesterday’s Trading:Wednesday’s euro/dollar trading finished up. The rate restored to 1.1431 after falling to 1.1326. The UK pound was the market outsider over the course of the day and...

If you listen to the media you have likely been availed of all of the latest opinions from both market pundits and “experts” alike on the future direction of the Federal Reserve’s...

GBP/USDMain scenario:The pair is trading along a downtrend with target on 1.3975 that may be expected to continue while pair is trading below resistance level 1.4150. Alternative scenario:An uptrend...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.15; (P) 155.40; (R1) 156.29; GBP/JPY's decline is still in progress and intraday bias stays on the downside. Down trend from 195.86 has just resumed and...

GBP/USD Open 1.4125 High 1.4171 Low 1.4003 Close 1.4121On Wednesday pound/dollar decreased with 130 pips. The Cable depreciated from 1.4171 to 1.4003 yesterday, in line with the negative money flow...

Sorry US dollar bulls. Yesterday just wasn’t the day that it turns around for you. Yet…The early morning Sydney time release of the FOMC meeting minutes has printed headlines galore...

Well, Kuroda wanted to save the day again, and as with everything else in his adult life, he has failed miserably. Below shows the point where his big speech started tonight. Suffice it to say he...

USD/JPYRevised short-term Elliottwave structure suggests decline from wave ((X)) at 113.8 is unfolding as an impulse 5 wave structure where wave ((i)) ended at 111.98, wave ((ii))) ended at 112.67,...

There were some tricky problems to overcome yesterday. Some of these were in areas where I could see some ambiguity, but there were other – quite surprising – outcomes. Such has been the...