Forex Opinion & Analysis

EUR/AUDCurrently we are at 1.5670 after completing an abc correction. We are looking to continue to the double bottom at 1.5516 with an overall target at 1.5342. The average daily true range (ATR) for...

The poll of private economists by Reuter’s agency showed they expect ECB to increase the size of quantitative easing in the forthcoming 6 months, which will push the euro down. Now the weak euro...

GBP/USD is little changed on Thursday, as the pair trades just above the 1.53 line in European trading. The pound has enjoyed a strong week, buoyed by a strong Manufacturing Production report on...

BoE to remain on holdIt is widely expected that the Bank of England’s MPC will vote 8-1 in favor of no change in interest rates or adjustment to target asset purchases. With the next Inflation...

EUR/USDOutlook: Short Term (1-3 Days): Bullish – Medium Term (1-3 Weeks): BearishFundamental: EUR eased slightly as German industrial output and French imports slumped, raising growth concerns...

Less than a month ago, on September 16th, we published “The EUR/CAD Saga Continues”, saying that “the exchange rate is likely to plunge below the 1.46 mark again.” We thought...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.1220, target 1.1400, profit locked in at 1.1230, risk factor ** EUR/USD: Watch FOMC Minutes(stay long for 1.1400)The USD is...

EUR/USD has posted gains on Thursday, and the pair has punched above the 1.13 line for the first time this week. In economic events, German numbers continued to disappoint, as the country’s...

USD/JPYSigns of weakness have appeared inside the triangle pattern, as the USD/JPY is gradually approaching the support line of this classical pattern. It is important to witness a breakout below...

EUR/USDCurrent level - 1.1252 Nothing interesting here, as the pair is still caught in the tight consolidation range below 1.1290. Crucial on the downside remains...

Pound has moved to new swing high in the last few sessions, so looks like that market is making a three wave recovery from the low. Despite higher prices pair is in a corrective move of wave 2 that...

Asian stocks were mixed on Thursday as shares in Tokyo closed lower on poor machinery orders, while shares in China surged by almost 3% as trading resumed after a week-long holiday. Core machinery...

During the session today, there are three main announcements coming out of the market. Benchmark interest rate will come out of Bank of England at 11:00(GMT), AND European Central Bank Minutes will...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD strengthened 0.65% against the USD to close at 0.7204. LME Copper prices rose 1.28% or $66.0/MT to $5241.0/MT. Aluminium prices rose 1.33% or...