Forex Opinion & Analysis

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...

The dollar remained at seven-month highs against the other major currencies on Tuesday, after upbeat U.S. inflation data added to hopes that the Federal Reserve will raise interest rates at its...

USD/CHF was in pullback last week from where we have seen a continuation back to the highs. We see pair now trading at our Fibonacci projection area that can limit upside for current black wave III....

The Dollar acquired some stability following a firm US CPI of 0.2% in October which supported the growing expectations that the Fed may raise US rates in December. In the month of November data from...

The US dollar held on to its two-day gains despite reduced risk appetite following reports today of gunfire in north Paris and the diversion of two flights from the US to Paris due to bomb threats....

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.07; (P) 187.53; (R1) 188.20; No change in GBP/JPY's outlook. Price action from 180.36 is viewed as a consolidation pattern with choppy rise from 180.64 as...

The USD/CAD has been a star performer of late on the back of a surging US dollar sentiment. However, technical analysis of the pair is signalling the potential for some sharp falls ahead as the bulls...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.23% against the USD to close at 0.7111. LME Copper prices declined 1.36% or $65.0/MT to $4700.0/MT. Aluminium prices rose 0.38% or $5.5/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CAD to close at 1.3319. In the Asian session, at GMT0400, the pair is trading at 1.3323, with the USD trading marginally higher from...

For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 1.0143, after consumer prices in the US swung back to positive territory on a monthly basis in October. In the Asian...