Forex Opinion & Analysis

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/JPYUSD/JPY has showed very little change, forming a small candlestick yesterday; however, the closing was achieved again above 76.4% Fibonacci level. All eyes are on 123.55-123.60, as a break...

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...

Seen from American CPI data released yesterday, it is general good for American economy and confirm the interest rate hike in December. Meanwhile, the USD index goes up steadily, approaching the...

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...

For the 24 hours to 23:00 GMT, the USD strengthened 0.15% against the JPY and closed at 123.43. In the Asian session, at GMT0400, the pair is trading at 123.37, with the USD trading marginally lower...