Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the EUR declined 0.80% against the USD and closed at 1.0646, following dovish comments by the ECB President, Mario Draghi. The ECB Chief reiterated that the central bank...

USD/JPY has turned slightly lower last week so it seems like that pair is forming a bigger and more complex corrective pattern. We are looking now at wave four of a higher degree which can be forming...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.96; (P) 187.01; (R1) 187.58; Intraday bias in GBP/JPY remains neutral with focus back to 185.98 minor support. Break will revive the case that price...

UK Revised GDP q/q is a second GDP release for the Q3 of 2015 period, and since it is the second release for the same quarter most data have already been made available, it’s less likely to...

US Prelim GDP release is the second release for the 3rd quarter of 2015, which is expected to improve from the 1.5% reading on the advanced release. With the Fed likely to commence rate hikes in...

The ECB has remained dovish at the end of last week and could look to cut deposit rates at their next meeting, while FOMC members continue to hint at a December rate rise. The weakness in the euro is...

Looking Through the Vault to a Holiday Shortened Week: Welcome to a holiday shortened week, with data releases loaded between Monday and Wednesday before the US leave their desks for Thanksgiving on...

EUR/JPY INTRADAY CHART BIAS: We should now see a whippy end to the current decline Resistance: 130.90-10 131.40-45 131.65-75 132.04Support: 130.52-65 130.33-45 130.00-10 129.60-65 MAIN ANALYSIS: This...

Key Events This Week: Nov 23rd – November 27thMon: EUR – EZ Manufacturing PMI, USD – Manufacturing PMI Tue: JPY – Nikkei Manufacturing PMI, BOJ Meeting Minutes, EUR –...

The one thing that concerns me is the approach to the annual decline in liquidity. This normally begins around the first ten days in December. This may generate a conundrum in that, given the vast...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting @ 1.0637. We are looking for a break of the support and then a move to the S6 support @ 1.0462 with an overall target of 1.0378....

EUR/USD: With the pair failing to follow through higher on the back of its previous gains the past week, further downside pressure is likely in the new week. This development now leaves EUR eyeing its...

While EUR/USD is making its way down with the rumors of -FED December Rate Hike - Strengthens USD-ECB further Rate Cut - Weakens EUR-ECB extend QE - Weakens EURand we suppose that market is trending,...

GBP/USD trading plan. Sell signals under 1.525 1.5325 towards 1.51 and lower. On the weekly chart the cable made a strong bearish move two weeks ago, then tried to rally but the last candle, a bearish...