Forex Opinion & Analysis

GBP underperformed FX markets after the BoE took a more pessimistic view on UK inflation prospectsHeading into the opening stages of European trade, commodity linked currencies underperformed amid...

Dollar vulnerability continues to take centre stage within the global currency markets. Sentiment remains bearish for the USD and this may be reflected on the Dollar Index which has declined to a new...

GBP/JPY: The cross now faces further weakness after turning lower ahead of its key overhead resistance at 184.42 level during Thursday trading session. Our bias remains lower as long as that level...

The EUR/USD and USD/JPY remain in extremely tight trading ranges on the daily charts. Day traders have been mostly scalping for 10 – 30 pips, and many of the 10 pip scalps are with limit orders...

Canadian dollar strengthened following GDP report last week indicating Canadian economy continued expanding after contracting in the first half of 2015. Labor market report on Friday is expected to...

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...

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...

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...

Data for August published today in Germany showed a reduction in both imports and exports. However, it barely affected pair’s dynamics as the EUR/USD strengthened. Today attention needs to be...

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...

Market Drivers October 08, 2015Euro probes 1.1300 German Trade Balance slightly weaker 19.6B vs. 20.2BNikkei 225 -0.99% Europe -0.18%Oil $48/bblGold $1143/oz Europe and Asia:EUR GE Trade Balance 19.6B...

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...