Forex Opinion & Analysis

Although the Australian Bureau of Statistics showed that the number of employed people declined by 5,100 in the previous month (missing expectations for an increase of 5,000), Australia's unemployment...

Potential Price Channel on USD/JPY Needs Lower Channel Low to Confirm – Would Be in Critical Decision Wave A potential price channel on usdjpy needs a lower low to confirm. The wave into a lower...

The USD/JPY continues to break down as the Japanese yen (amazingly enough) strengthens. I think people will be surprised at how strong the yen behaves in the months ahead.

EUR weakens on the back of dovish comments from ECB’s Nowotny while USD is supported by higher core CPI dataFX markets have been dominated by two notable events today, with EUR and USD taking...

The EUR/USD tested the September 18 lower high yesterday. The breakout failed and reversed down strongly overnight. It began a strong 2nd leg down on the 5-minute chart a few minutes ago. Because the...

US inflation data to come outOn Thursday at 14-30 СЕТ, the important macroeconomic data on inflation will be released in the US. The tentative outlook for dollar is negative. Will...

USD/JPY is falling sharply lower, now trading beneath 118.57 so looks like that a triangle that we were tracking it over the last few weeks was only in wave (b) of an incomplete black wave B/2 that is...

The Canadian dollar is slightly down on Thursday, following strong gains a day earlier. Early in the North American session, the pair is trading at the 1.2940. There are no Canadian releases on...

Key Points • Risk trends slipped led by the S&P 500, but that underlying theme didn't spur the sharpest moves • A tempered Fed forecast finally pulled the dollar through major support -...

GBP/USD is almost unchanged on Thursday, in sharp contrast to the pound rally on Wednesday, when GBP/USD surged over 200 points. There are no UK releases on Thursday. It’s another busy day in...

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...