Forex Opinion & Analysis

Waiting on US CPI reportLatest news from the US confirmed that the economy is expanding at a (very) moderate pace as the industrial sector is being badly hit by the strong dollar. Half of the 12...

Lackluster U.S data over the past 24-hours (retail sale, PPI and beige book) has further diminished the market odds for a 2015 rate lift off (Oct. +2.5%, Dec. +32.5%). This is putting the dollar very...

EUR/USDMain scenario:The pair is trading along an uptrend that may be expected to continue in case the market rises above resistance level 1.1490, which will be followed by reaching resistance level...

GBP/USDMain scenario:The pair is trading along an uptrend that may be expected to continue in case the market rises above resistance level 1.5500, which will be followed by reaching resistance level...

The already vulnerable Dollar received multiple sharp blows in Wednesday’s trading session as an array of unimpressive economic data releases from the States rapidly decreased the expectations...

EUR/USD is showing little movement on Thursday, as the pair is trading at 1.1470 in the European session. There are no major releases out of the Eurozone today. It’s another busy day in the US,...

USD/CHFThe USD/CHF pair has achieved all targets we detected earlier, touching 38.2% Fibonacci level at 0.9475 as seen on the provided daily chart. All eyes are on this level, as a break of which...

EUR/USD – Squeezing shorts to target August highsEUR reached a high of 1.1489 this morning due to bad data from the US economy, having lower growth and inflation, causing dollar to weaken. While...

Market Drivers for October 15, 2015 Euro lower against all majors on talk of additional QE measures AU Labor misses bu trend remains up Nikkei 1.17%, Europe 1.15% Oil $46/bbl Gold $1184/oz Europe and...

EUR/USDCurrent level - 1.1441 The uptrend here reached a new local high at 1.1494, but the intraday bias is already negative, for a slide towards 1.1330 major...

AUD/USDMarket Scenario 1: Long positions above 0.7344 with targets at 0.7389 and 0.7462 Market Scenario 2: Short positions below 0.7344 with targets at 0.7271 and 0.7226 Comment: Strengthening of gold...

EUR/USD selling opportunity at 1.1470/75 with stops above 1.1500. Failure at this resistance targets 1.1459/56, then support at 1.1440/36. A bounce from here on the first test is possible today, but...

AUD/USD holding above 7310 keeps the short term outlook positive and targets 7341/44, perhaps as far as 7355/60 to exit longs. Then try shorts up to strong resistance at 7375/80. A high for the day...

The US dollar has confirmed a failed daily cycle. A failed daily cycle signals that the larger, intermediate cycle has topped. I'm expecting a USD bottom around the August low, possibly in reaction to...