Forex Opinion & Analysis

USD Index climbed to a seven-month high yesterday, as better-than-expected US CPI reinforced the expectations that Fed will hike rate in December. All eyes will now turn to the minutes of the...

This evening at 1900hrs GMT the meeting minutes from the FOMC’s meeting of 27/28th October will be released. Since the meeting in late October the market has heard speeches and commentary from...

EUR/USD: With EUR extending its weakness to close and hold below the 1.0673 level on Tuesday, further downside pressure is envisaged. This will leave its key support located at 1.0519 level as its...

EUR/JPY - on support and half-year lowsOn Monday EUR/JPY reached a six month low. That level 131.00 is also a strong support. After a failed attempt of break below it there was a rebound which at this...

The cycle of accumulation and distribution defines short-term cause for the US Dollar Index.The US Dollar Index or Dixie for short, an index or basket of trade weighted currencies, has been building...

Today the pair is in a downward correction. The pair is supported by strengthening due to increased expectations of an interest rate hike in the US dollar, tendency of the Bank of Canada to ease its...

GROWTHACES.COM Forex Trading Strategies Taken Positions: EUR/GBP: short at 0.7075, target 0.6950, profit locked in at 0.7035, risk factor *** EUR/CAD: short at 1.4320, target 1.3950, profit locked in...

Market Drivers November 18, 2015 Broadbent comments lift cable a bit EUR tries to run 1.0700 Nikkei 0.09% Eurostoxx -0.82% Oil $41/bbl Gold $1070/oz Europe and AsiaAUD: Wage Price Index 0.6% vs....

NZD/USD can be trading in late stages of an extended red wave 3) that has a target of 261.8% near 0.6440. This is not far away, so traders must be aware of a new corrective bounce; ideally with three...

NZD/USD – Watching for a secondary lowThe New Zealand dollar extended its loss for 4 consecutive days as global dairy prices dropped nearly 8%, in which prices of whole milk powders plunged by...

More mixed US data. CPI accelerated more than expected to 0.2% YOY in October as core CPI held firm at 1.9%, shoring up expectations inflation is edging closer to the Fed target. On the contrary,...

Bullish momentum continues to remain firmly in play for the US dollar on the longer term weekly chart, following the minor pull-back of last week, which saw the dollar index test the new platform of...

Elliott Wave patterns can be found on all degrees of trend, even on the smallest time frames. The AUD/USD exchange rate seems to be giving us a good example. If we take a look at its 15-minute chart,...

EUR/USDToday’s support: -1.0620(main), where correction is possible. Break would give 1.0598, where correction also may be. Then follows 1.0577. Break of the latter would result in 1.0546. If a...