Forex Opinion & Analysis

Talking Points: Euro to Look Past May Inflation Data, Focus on Greece-Related News Flow Australian Dollar Gains as RBA Disappoints Bets on Dovish Shift in Rhetoric The preliminary set of May...

Talking PointsRBA Leaves Key Rate Unchanged at 2 percent as Expected Australian Dollar Pushed Higher, Climbing 0.7% vs. USD Policy Statement Maintains Neutral, Data-Dependent Tone The Australian...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.0935, target 1.1140, stop-loss moved to 1.0935, risk factor **USD/JPY: short at 124.15, target 122.20, stop-loss 125.10, risk...

The AUD backed up higher overnight as the Reserve Bank of Australia statement proved less dovish than the market was expecting coming into the meeting. It was a bit surprising to see the sharp AUD...

The USDJPY bulls made a spectacular performance in the last two weeks. The US dollar rose from 118.86 to 125.05 against the Japanese yen. But the Elliott Wave Principle suggests it could already be...

The single European currency remains under pressure: the euro has been badly affected by news from France this time. The number of unemployed increased up to a peak of 3.53 million people. An economic...

Market Drivers for June 02, 2015 USD/JPY takes out 125.00 and reverses RBA Holds still Nikkei -.13%, Europe -0.63% Oil $61/bbl Gold $1187/oz. Europe and AsiaAUD: RBA Holds stillGBP: UK Construction...

The GBP/JPY pair has been rising in a strong up-trend, which remains intact and is expected to continue higher. Momentum remains strong and the exchange is above all the main moving averages. The...

Market Commentary Better than expected ISM Manufacturing PMI data and construction spending overnight sent the USD broadly higher. EUR/USD retreated from 1.0979 and hit a low of 1.0887 before...

GBP/JPY Daily OutlookDaily Pivots: (S1) 188.91; (P) 189.45; (R1) 190.22; Further rise is still expected in GBP/JPY as long as 187.78 support intact. Current rally, as part of the larger up trend,...

EUR/USDThe euro trimmed losses against the U.S. dollar on Monday, after data showed that German consumer prices rose in line with expectations this month although previous reports from the euro zone...

Manufacturing data from the U.S. improved at a faster pace than expected in May causing the dollar to remain supported against most currencies on Monday, as the ISM PMI index rose to 52.8 last month,...

For the 24 hours to 23:00 GMT, the AUD weakened 0.35% against the USD to close at 0.7612, after the May manufacturing report from the US ISM delivered encouraging results.LME Copper prices declined...

For the 24 hours to 23:00 GMT, the USD rose 0.55% against the CAD to close at 1.2527, after the ISM data revealed that US manufacturing expansion continued to roll in May.Yesterday, data revealed that...