Forex Opinion & Analysis

EUR/USD bounced very sharply from 1.0560/56 lows after a bottom at 1.0549. Resistance at 1.0635/38 is the main challenge for bulls again today. However a break higher is not out of the question and...

AUD/USD has broken first support at 7298/95 to target strong support at 7270/65. Try longs with stops below 7245. A break lower, however, targets 7235 then strong support at 7220/15 for a buying...

USD/JPY first resistance at 123.35/39 again today but above here we could re-target 123.67 November highs. A break above here is another positive signal to target 123.77 then 123.96/99. Failure to...

If the ECB deliver a rate cut with increase and extension in QE with clear room for further action next year, this will weigh heavily on EUR. The BOJ are not expected to enact further easing this...

GROWTHACES.COM Forex Trading Strategies Taken positions EUR/USD: short at 1.0590, target 1.0410, stop-loss 1.0675, risk factor ** USD/JPY: long at 122.40, target 124.00, profit locked in at 123.10,...

While the British pound surrendered to the U.S. dollar strength, the euro was able to temporarily stop its decline at 1.0550. Federal Reserve Chair Janet Yellen gave the go-ahead for tighter monetary...

London Forex ReportYesterday’s raft of Fed speakers reinforced the case for a December rate hike took center stage. Fed Chair Yellen testimony to the Economic Club of Washington cautioning too...

EUR/USDCurrent level - 1.0573 Yesterday's failure at 1.0640 signals a negative outlook again, for a break on the downside, towards 1.0460 major low. Crucial resistance lies at...

EUR/USDToday’s support: -1.0563 and 1.0552(main), where correction is possible. Break would give 1.0546, where correction also may be. Then follows 1.0524. Break of the latter would result in...

The dollar extended its gains on Wednesday, to reach fresh eight-month highs against the other major currencies, as the release of strong U.S. jobs data added to expectations for a December rate hike...

For the 24 hours to 23:00 GMT, the AUD weakened 0.34% against the USD to close at 0.7300. LME Copper prices declined 0.65% or $30.0/MT to $4589.0/MT. Aluminium prices rose 1.25% or $18.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 1.3351. The BoC left its benchmark interest rates unchanged at 0.5%, as widely expected, as the country continues...

A sense of anticipation rattles the financial markets as the long awaited ECB press conference looms ahead later today. The Eurozone has been in a constant bout with inflation and November’s...

For the 24 hours to 23:00 GMT, the USD declined 0.69% against the CHF and closed at 1.0195. In the Asian session, at GMT0400, the pair is trading at 1.0204, with the USD trading marginally higher from...