Forex Opinion & Analysis

The EUR/USD 60-minute chart broke above a 5-day tight bear channel overnight, and it has pulled back over the past 4 hours. The bulls are hoping for a higher low and then a 2nd leg up.The daily chart...

No change on EUR/USD for now. Pair can still be headed lower into wave 5 that can reach levels around 1.0580-1.0600 by the end of the week. In the meantime, traders will have to pay attention to...

After Monday’s big dollar-bullish move, the foreign-exchange market has been relatively mixed over the last 48 hours, not coincidentally mirroring the uncertainty traders are feeling toward...

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...

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....

While the euro is clearly pointing downwards facing the 1.0620-area, the British pound showed its strength and climbed up to 1.5239 on a slight improvement in U.K. consumer prices. However, for...

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,...