Forex Opinion & Analysis

The pound fell to a five-month low against the dollar last week in what may have been a sign of further losses to come.However, this was followed by a woeful US jobs report on Friday that brought...

This is the sixth consecutive session of Canadian dollar appreciation. The US dollar reached an 11-year high on September 29 near CAD1.3460. Today it traded to almost CAD1.2970. There have been four...

The pound strengthened against the yen prior to the Bank of Japan Press Conference and key macroeconomic statistics due on Thursday. Economists do not expect any additional stimulus measures from the...

GBP outperforms, benefiting from M&A related flows, while commodity currencies continue to see strength on the back of recent upside in energy pricesGBP has been today’s notable...

The big news in global markets today is Anheuser-Busch Inbev's (NYSE:BUD) higher buyout offer to SABMiller (LONDON:SAB). After the British-domiciled SAB turned down offers of £38 and £40...

The EUR/USD and USD/JPY are still in 150 pip trading ranges, and traders are buying low, selling high, and taking quick profits. There will be a breakout and it will last hundreds of pips, but until...

GBP/USD extended its recovery during Wednesday trading session leaving risk of more strength to occur. However, watch out for its overhead resistance located at the 1.5336 zone. This level is...

IMF applies the pressure: Not a surprise to many, Ms. Lagarde and co. have again cut their outlook for global economic growth. They have trimmed their July forecasts to +3.1% from +3.3%, mentioning...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.1220, target 1.1400, profit locked in at 1.1130, risk factor **AUD/JPY: long at 83.60, target 87.00, profit locked in at 85.80,...

AUD/USDMarket Scenario 1: Long positions above 0.7203 with targets at 0.7244 and 0.7313. Market Scenario 2: Short positions below 0.7134 with targets at 0.7093 and 0.7024. Comment: The pair is...

EUR/USDCurrent level - 1.1251 The recent rise from 1.1170 low leaves the bias on the lower frames neutral within the prolonged consolidation pattern above 1.1104. Key resistance on the upside is...

Market Drivers for October 7, 2015 GBP through 1.5300 as better data and M&A help Risk-on fuels rallies in Commodity dollars Nikkei 0.75% Europe 1.11% Oil $49/bbl Gold $1149/oz Europe and Asia...

EUR/USDOutlook: Short Term (1-3 Days): Bearish – Medium Term (1-3 Weeks): BearishFundamental: EUR jumped as high as 1.1280 as the soft USD eclipsed the disturbingly weak German August industrial...

EUR/USD is not showing much movement on Wednesday, as the pair trades at around 1.1240 in the European session. Taking a look at economic events, German Industrial Production posted a sharp decline of...