Forex Opinion & Analysis

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...

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...

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...

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...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD rose 0.16% against the CAD to close at 1.3058, The CAD weakened, after the release of downbeat Canadian building permits data. Yesterday, data...

USDCHF MovementFor the 24 hours to 23:00 GMT, the USD rose 0.65% against the CHF and closed at 0.9735. Yesterday, Switzerland’s foreign currency reserves increased to CHF541.5 billion in...

USDJPY MovementFor the 24 hours to 23:00 GMT, the USD weakened 0.20% against the JPY and closed at 119.98The Japanese currency gained ground, after the BoJ refrained from expanding its QE programme....