Forex Opinion & Analysis

NZD/USDShort-term Elliottwave structure suggests cycle from 2/29 low ended with wave ((w)) at 0.682. Wave ((x)) pullback is proposed to be unfolding as a triangle where wave (a) is expected to...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Tuesday’s sharp slide in Treasury yields drove the U.S. dollar lower against the Japanese yen. No major U.S. economic...

EUR/GBP - return above important support area 0.7710 - 0.7760EUR/GBP is above very important support - area 0.7710 (support from 2008) and 0.7760 (support from 2012, 2014). Since the beginning of...

New York Forex Report: Early European trading today was marked by a retreat in risk-appetite following poor data out of China overnight. February exports fell a huge 25.4% whilst Imports slumped by...

After the pair made a nice impulsive decline in black wave 5 of 3) from February highs, we now think that a pullback of a higher degree might be underway as in red wave 4). That said, we expect a...

Lots of indecision in the FX markets, but one of the clear themes on the day was that of selling, primarily through EUR/GBP.Cable has been struggling through the day, with players keen to buy dips,...

EUR/USD first resistance at 1.1040/45 is the main challenge for bulls today. Shorts need stops above 1.1075. A break higher is a buy signal however and sees 1.1045/40 act as support to target minor...

AUD/USD no stopping the bulls as we beat 7440/45 to top just 6 pips from the target and resistance at 7490/95. We are overbought so we should struggle to make further gains but there is certainly no...

GBP/USD holding above 1.4240/50 keeps bulls in short term control and a break above 1.4280 targets strong resistance at 1.4325/30 where a high for the recovery looks likely. Try shorts with stops...

The Australian dollar is unchanged on Tuesday. At the start of the North American session, the pair is trading at 0.7450. On the release front, Australian NAB Business Confidence edged up to 3 points....

USD/JPYCurrently we are 113.05 in a large range. We are looking to continue to the 0.618 support at 112.51 and then to the 0.786 Fibonacci at 111.87. The average daily true range (ATR) for the pair...

EUR/USD - nearest target for demand 1.1070 After huge EUR/USD volatility last seen on Friday (just after US nonfarm payrolls data), yesterday's session was similar. At the beginning supply broke below...

Market Drivers for March 08, 2016 CNY Trade much weaker than forecast Carney testimony on Brexit turns testy Nikkei -0.76% DAX -1.44% Oil $37/bbl Gold $1275/oz Europe and AsiaAUD: NAB Business...

Both major currency pairs experienced a volatile start to the new week and there was something for everyone. While bears initially set the tone, providing short-traders a good profit, bulls won out...