Forex Opinion & Analysis

Thursday a rough on the US dollar, whose big drop didn't stem from a clear bearish catalyst. Thursday morning’s US economic data was fairly mixed, with initial jobless claims printing in-line...

DAILY FX WRAP – USD dictates play in FX markets as Asia Pacific and European participants react to yesterday’s FOMC minutesMuch of the day’s price action in FX markets has been a...

Crowded dollar longs are under a bit of pressure early in today’s US session as yesterday’s FOMC minutes left just enough ambiguity to keep traders guessing on whether the Fed will raise...

The EUR/USD is oversold on the daily chart after falling in a series of sell climaxes. It is also at the bottom of a wedge bear channel on the 240-minute chart. The odds favor several days up over the...

On The 1h chart of AUD/NZD we see a completed wave (i) and therefore we are expecting a three wave pullback in wave (ii). Ideally wave (ii) will find support around former minor wave iv) range and...

NZD/USD:Currently we are at 0.6516 and finishing a pullback which is bearish. We are looking to continue to the S5 support @ 0.6418 with an overall target the 0.786 Fibo @ 0.6382. The average daily...

The growing optimism over the increased likelihood of a US interest rate rise in December has given the global financial markets a sense of positivity. Investors have acquired some clarity from the...

The EUR/USD 2-year yield differential has been a driving factor in the decline of the currency pair. At current levels of 126 basis points between U.S. and German rates, the differential is now the...

Market Drivers November 19, 2015 Dollar Longs get shaken UK Retail Sales misses a bit Nikkei 1.07% Eurostoxx 1.09% Oil $41/bbl Gold $1074/oz Europe and AsiaGBP: UK Retail Sales -0.6% vs. -0.4% North...

FOMC Minutes: “Most participants anticipated that, based on their assessment of the current economic situation and their outlook for economic activity, the labor market, and inflation, these...

AUDUSD: Although maintaining its broader medium term downtrend, AUDUSD faces risk of further recovery higher after it followed through on the back of reversal of its intraday losses on Wednesday. This...

GROWTHACES.COM Forex Trading Strategies Taken Positions: EUR/USD: long at 1.0705, target 1.0900, stop-loss 1.0610, risk factor ** GBP/USD: long at 1.5265, target 1.5390, stop-loss 1.5180, risk factor...

One is always wiser in hindsight and so it turned out that it would have been a smarter decision yesterday to simply wait until the turmoil of the FOMC minutes has diminished. Despite the hawkish tone...

For more than a year now, commodity prices have been under pressure from the strong U.S. dollar and slowing global demand. This has made a huge dent in the balance sheet of many net exporters of...