Forex Opinion & Analysis

1.11 offered nice support to EUR/USD, but rallies to the decending trend line should be sold short. The current upmove that coincides with falling stock markets shows that EUR is the new carry trade...

Daily FX Wrap: USD traded in negative territory throughout the day, while Norway and Taiwan cut rates to take the total number of central banks to ease this year to 40.NZD was the notable outperformer...

After initially falling on last week’s seemingly dovish Federal Reserve statement and press conference, the US dollar has been edging higher in mixed trade so far this week and based on this...

Today, the NZD was supported by the board message of the biggest dairy producer of New Zealand, Fronterra, which increased its dividend payout estimates due to a growth in dairy products prices. Dairy...

Currently we are at 75.11 in a well-defined range. We are looking to continue to the 0.214 Fibo support area at 74.50 with an overall target at 74.30. The average daily true range (ATR) for the pair...

Market Drivers September 24, 2015 IFO better than forecast but euro hovers at 1.1200AUD breaks below 6950Nikkei -2.76% Europe -0.33%Oil $44/bblGold $1134/ozEurope and Asia: NZD Trade Balance -1B vs....

The impact of the Fed’s defiant stance on raising US interest rates continues to linger within the markets, as despite the influx of economic data releases which have been served this week,...

GROWTHACES.COM Forex Trading Strategies GBP/USD: long at 1.5240, target 1.5460, stop-loss 1.5140EUR/USD: Reaction To Draghi Shows The Scale Of EUR BearishnessEuropean Central Bank governor Mario...

The GBP/USD fell sharply after UK deficit rose. Adding to that public borrowing has risen unexpectedly and BOE revised down their growth outlook for the next half of the year. We also see no rate hike...

August 11, 2015 was an important date if you follow the stock market. That was the day China devalued the yuan.But from a geopolitical viewpoint, June 9 was much more important. That was the date...

European Central Bank (ECB) President Mario Draghi spoke in Brussels before the European Parliament's Committee on Economic and Monetary Affairs on Wednesday saying that the future of the quantitative...

AUD/USDMarket Scenario 1: Long positions above 0.7027 with targets at 0.7066 & 0.7128. Market Scenario 2: Short positions below 0.7027 with targets at 0.6965 & 0.6926. Comment: The pair trades...

EUR/USDToday’s support: 1.1164, 1.1127, 1.1089 and 1.1074 (main), where correction is possible. Break would give 1.1153, where correction also may be. Then follows 1.1132. Break of the latter...