Forex Opinion & Analysis

A little over a week ago, on August 13, we spotted a five-wave impulse to the downside, followed by a three-wave recovery on the 15-minute chart of USD/JPY. According to the Elliott Wave Principle,...

Forex News and EventsTsipras resigns and stock markets fall sharply Yesterday, against all odds and after a nine-month mandate which has seen an agreement on a €86bn bailout, Tsipras resigned. He...

Divergent trading themes confuse markets EM Currencies print multi year lows China has reason to adjust its RRR this weekend Geopolitical worries supports safe haven demand It’s relentless and...

The euro continues strengthening against the USD amid lower possibilities of the interest rate increase in the US in September. The latest inflation data from the US showed an inflation increase of...

Market Commentary USD remains soft as uncertainty about the Fed’s timing of a rate hike prevails. Thursday’s US data took us no nearer to a conclusion as to when the FOMC will begin the...

Canada Consumer Price Index (CPI) to Increase for Third Consecutive Mont.- Core Rate of Inflation to Climb for Second Month to Annualized 2.4%. For more updates, sign up for David's e-mail...

The dollar slumped to session lows against a basket of other major currencies on Thursday, after the minutes of the Federal Reserve’s latest meeting gave no clear indication on the timing of an...

GBP/USDSterling vs. dollar is moving above 61.8% Fibonacci at 1.5700, which is a positive sign. RSI14 started to move higher comparing with yesterday’s signal, while ADX is also...

For the 24 hours to 23:00 GMT, the AUD weakened 0.21% against the USD to close at 0.7336. LME Copper prices rose 1.08% or $ 54.0/MT to $ 5060.5/MT. Aluminium prices rose 1.45% or $22.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CAD and closed at 1.3083, after Canada wholesale trade rebounded in June, rising 1.3% to C$55.32 billion. In the Asian session, at...

For the 24 hours to 23:00 GMT, the USD declined 0.65% against the CHF and closed at 0.9591. The Swiss Franc gained ground, after the nation’s trade surplus widened to CHF 3.74 billion in July...

For the 24 hours to 23:00 GMT, the USD declined 0.35% against the JPY and closed at 123.47. In the Asian session, at GMT0300, the pair is trading at 122.88, with the USD trading 0.48% lower from...

For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.5686, after the CBI monthly total order book balance unexpectedly improved to -1 from -10 in July. Meanwhile,...

For the 24 hours to 23:00 GMT, the EUR rose 0.98% against the USD and closed at 1.1230. In a notable development, Greek PM Tsipras resigned and called for early election in September. In economic...