Forex Opinion & Analysis

We’ve finally arrived at the day of the long-awaited September Federal Reserve meeting, with the outlook for interest rates still about as clear as mud. According the CME’s FedWatch tool,...

Forex breakout likely, but initial move has a 50% chance of reversing.Although the yen has been weak for the past couple of days, both the 60-minute chart of the EUR/JPY and the USD/JPY are in their...

The EUR/JPY has made a substantial correction from 132.20 zone forming inverted head and shoulders pattern. As we can see H4 chart shows both M and inv H & S but the price is sitting exactly at M...

On Wednesday the oil price advanced 3% due to the considerable weekly decrease in its stocks in the US with inventories at the Cushing delivery hub declining the most since February 2014. We assume...

During European trades the euro and Swiss franc have renewed their session maximums against the USD. The euro/dollar followed the franc to 1.1337. Demand for the franc increased after the SNB met and...

USD/JPY: With the pair remaining on recovery path, we look for more upside pressure to occur in the days ahead. This leaves the 121.32 level, its Sept 10 2015 high as the next upside target. A cut...

Currently the AUD/CHF pair is at 0.6930 attempting a rising wedge break out. We are looking to continue to the 0.500 Fibo support area at 0.6853 with an overall target at 0.6707. The average daily...

EUR/USD: Dovish Hike Or Hawkish Hold? (we plan to take profit on current long and switch to the short ahead of the FOMC decision)US CPI slipped 0.1% mom last month, the first decline since January,...

View from the FX Dean: Thursday September 17, 2015If the Ms. Yellen and her fellow policy makers do happen to pull the rate trigger later this afternoon (2pm EST), it will be the first U.S rate hike...

AUD/USDMarket Scenario 1: Long positions above 0.7172 with targets @ 0.7222 & 0.7249. Market Scenario 2: Short positions below 0.7172 with targets @ 0.7145 & 0.7095. Comment: The pair in a...

Talking Points:Swiss Franc Soars After SNB Interest Rate Decision Officials Visibly Ignore Threat of More Dovish ECB Libor, Sight Deposit Rates Unchanged as Expected The Swiss franc traded broadly...

Market Drivers for September 17, 2015 UK Retail Sales in line, cable flat at 1.5500 SNB keeps policy on hold Nikkei 1.43%, Europe -0.20% Oil $47/bbl Gold $1120/oz Europe and Asia:CHF: SNB keeps rates...

EUR/USDCurrent level - 1.1290 The fluctuations due to the highly anticipated FOMC meeting later today led to an already confirmed local bottom at 1.1212. Despite the typical uncertainty, surrounding...

Main scenario:The GBP/USD pair is trading along an uptrend that may be expected to continue in case the market rises above resistance level 1.5530 which will be followed by reaching resistance level...