Forex Opinion & Analysis

According to the Elliott Wave Principle, every five-wave impulse is followed by a three-wave retracement in the opposite direction. Once the retracement is over, the trend resumes in the direction of...

China devalued its yuan on Tuesday by nearly 2-percent versus the U.S. dollar to reinvigorate recovery after a recent report signaled a strong drop in China’s shipments.The People’s Bank...

The sterling halted losses against the U.S. dollar on Monday, after the sharp losses last week as the BOE policy meeting held unpleasant surprises about the future of monetary policy.The pound took a...

GBP/JPY Daily OutlookDaily Pivots: (S1) 192.91; (P) 193.67; (R1) 195.05; GBP/JPY recovered ahead of 190.99 support and intraday bias is turned neutral first. Further rise cannot be ruled out. But at...

Forex News and EventsEUR/CHF hits fresh highs EUR/CHF has risen more than 2.20% over the last two weeks and is back above the 1.08 threshold for the first time since January 15, printing fresh highs...

Market Commentary It’s all about China today, with the PBOC significantly adjusting its benchmark fx rate during the Asian session.This has caused the USD to shoot up across the board, and...

EUR/USDCurrent level - 1.0976 Although not completely convincing, the uptrend from 1.0855 is still intact, with a crucial level at 1.0925. Initial resistance lies at 1.1042, followed by 1.1126....

EUR/USDEUR/USD failed to maintain levels above 1.1035 during the Asian session; however, trading remains stable above moving averages 20 and 50 and above 23.6% Fibonacci at 1.0935. The bullishness...

China devaluesWe warned yesterday that the Chinese authorities may finally feel the need for further currency-based stimulus of the economy following Sunday night’s atrocious trade numbers. It...

The dollar continues to drop lower against other major currencies on Monday, in a day free of any major U.S. data, as investors lock in profits following the dollar’s recent rise and as comments...

For Tuesday’s edition of DecaPip Daily I would like to turn our attention to the USD/JPY as we may be approaching a possible break to the upside in the currency.So far we have been struggling to...

Talking Points:US dollar Gains as China Devalues yuan, Looks on to Dudley Commentary Euro Unlikely to Find Lasting Follow-Through from German ZEW Survey The US dollar outperformed in overnight trade,...

The EUR/USD started yesterday, Monday the 10th, an up movement reaching 1.1030$. Nevertheless, the pair got caught in a Chinese nest.China’s yuan fell on Tuesday morning, 2%, a worthy move for...

The markets have commenced the second trading day of the week with an unexpected surprise after the People’s Bank of China (PBoC) shocked the markets overnight by devaluing the Yuan in a move...