Forex Opinion & Analysis

GBP/USD is unchanged on Wednesday, as the pair continues to have a very slow week. In the European session, GBP/USD is trading at 1.5450. In economic news, the British deficit narrowed to 8.6 billion...

The Canadian dollar is steady on Wednesday, as USD/CAD trades at the 1.30 line in the European session. Canadians voted in a new government on Monday, as the Liberal party, headed by Justin Trudeau,...

The mounting concerns about the economic deceleration in China combined with renewed debates over the accuracy of its Q3 GDP release of 6.9% have resulted in the Shanghai Composite Index concluding...

The cycle of accumulation and distribution defines countertrend rally within cause (building)/distribution for the Canadian Dollar (FXC).The Canadian Dollar has been building cause since 2009. This...

AUD/USD: The pair remains weak and vulnerable to the downside triggering further weakness during Wednesday trading session today. This is coming on the back of its failed recovery attempt on Tuesday....

Main focus will be on the BoC monetary policy announcement. In line with consensus, markets expect them to leave monetary policy unchanged. More importantly, however, economists expect the central...

EUR/USDCurrent level - 1.1346 The overall outlook remains negative after the corrective rebound above 1.1305, for a slide towards 1.1210 area. Initial resistance lies at...

GROWTHACES.COM Forex Trading Strategies Taken Positions EUR/USD: long at 1.1345, target 1.1550, stop-loss 1.1285, risk factor * USD/CAD: short at 1.3020, target 1.2850, stop-loss 1.3130, risk factor...

EUR/USD is unchanged on Wednesday, as the pair trades at 1.1370 early in the European session. It’s a very quiet day on the release front, with no events out of the Eurozone. The only economic...

Japan’s exports rose by less than expected in September, rising by just 0.6% year-on year – the lowest rate since August 2014. Estimates were for exports to rise by 3.4%. Imports were...

USD/JPYBy examining the daily chart of the USD/JPY pair, we easily can see how the pair is retracing from moving averages’ areas, which is interesting with the previous broken support line of...

The next days are key for the US dollar. If the bounce over the past few days was the start of a new daily cycle, then Gold will drop into a hard daily cycle low.If, on the other hand, the dollar...

During the session today, the interest rate decision will come out of Canada at 14:00(GMT), but the market believes that there is only 6% chance of an interest rate cut. Meanwhile, the policy meeting...

EUR/USDToday’s support: - 1.1334, 1.1307 and 1.1295(main), where correction is possible. Break would give 1.1318, where correction also may be. Then follows 1.1305. Break of the latter would...