Forex Opinion & Analysis

The Aussie dollar is rallying against its U.S. counterpart again on Monday after undergoing a correction in the second half of last week.The pair broke above the long-term descending channel a couple...

USD spends much of the day in positive territory, with participants looking ahead to key risk events later in the week, including ECB rate decision and US nonfarm payroll reportThe week kicked off...

The daily chart of the EUR/USD has been in a tight bear channel for almost a month. The channel has had many doji bars and bars that largely overlapping prior bars. These are signs of a lack of...

Russia’s recent ban on civilian visits to Turkey serves as the first result of the latest tensions between the two countries, amidst a conflict that started last week when Turkish military shot...

In what’s become a 21st century tradition, workers across the United States and elsewhere are shuffling to their desks with only one thing in mind today: shopping. “Cyber Monday” is...

EUR/JPY: With EUR/JPY bulls on the offensive, further price strength should build up towards the 130.75/99 zone. This corrective recovery is coming on the back of its recent weakness. Support comes in...

EUR/AUD:Currently we are at 1.4663 in a bearish channel. We are looking to continue to the Fibo support @ 1.4604 with an overall target to the Fibo support area @ 1.4485. The average daily true range...

Technical Outlook:S&P 500 returns to normal trading after a low volume week. Over the last six trading sessions, S&P 500 has coiled nicely. I expect at some point for there to be a break to...

EUR/USD has posted slight losses on Monday, as the pair trades below the 1.06 line in the European session. In economic news, German Retail Sales declined by 0.4%, while Italian Preliminary CPI posted...

On Friday, the British pound declined against the US dollar. The GBP/USD pair was negatively affected by poor macroeconomic statistics released in the UK. In particular, Consumer Confidence declined...

EUR/GBP H4The rate is currently testing a month-long trendline. This happens after it broke a massive symmetrical triangle formation and tested the former support as the new resistance. My bias is now...

Market Drivers for November 30, 2015 Week opens with USD Strength EZ GE Retail Sales miss Nikkei 0.20% Eurostoxx -0.69% Oil $41.5/bbl Gold $1055/oz Europe and AsiaAUD: Co. Operating Profits 1.3% vs....

Trading commodity currencyThe ruble-denominated brent oil chart has significantly diverged once again from its 200-day moving average line. Previously it returned to it. Last time, late October, it...

AUD/USDMarket Scenario 1: Long positions above 0.7204 with targets at 0.7223 and 0.7258 Market Scenario 2: Short positions below 0.7204 with targets at 0.7169 and 0.7150 Comment: After losing 30 pips...