Forex Opinion & Analysis

AUD/USD has resumed its broader bear trend by forming a v.short-term down-trend on the 4-hr chart with two lower lows and two lower highs. On the weekly chart it also formed a bearish-looking...

This week has certainly lived up to expectations. Market moves were always going to be big due to the amount of event risk that investors are being exposed to; however, we have yet to witness the main...

The much anticipated Non Farm Payrolls report will be released this Friday and traders are trying to assess the impact of this release on the steadily declining US dollar.Following an unprecedented...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsGBP/USD: long at 1.5160, target 1.5540, stop-loss moved to 1.5160, risk factor **USD/CAD: short at 1.2110, target 1.1930, stop-loss moved to...

There is expected to be much volatility today and tomorrow as results from the general election start to filter through. Based on recent polls the election will probably result in a hung parliament...

Yesterday we gave you our insight on the exchange rate between the euro and USD, saying that EUR/USD parity is still possible. But the European currency weights nearly 60% of the USD index. So, if a...

GBPUSD movement is in the shadow of impending UK elections.Fundamentally speaking if there is a stalemate or hung parliament, GBP/USD should drop by a big amount and if coalition is formed we might...

KEY DATA RELEASES TODAY (BST) : 09:30 GBP Parliamentary Elections 13:30 USD Unemployment Claims 277K v 262KOVERNIGHT: EUR/USD rallied to a two-month high of 1.1370, continuing to pull away from a...

EUR/USDRisk reward: 2.50Volatility: HighUp at 1.1332 Limit 1.1300 Target 1.1412USD/JPYRisk reward: 1.47Volatility: AverageDown at 119.56 Limit 119.88 Target 119.09GBP/USDRisk reward: 3.12Volatility:...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.51; (P) 182.02; (R1) 182.60; Intraday bias in GBP/JPY remains neutral for the moment. As long as 180.64 minor support holds, further rise is expected. As...

Talking Points: USD/JPY Technical Strategy: Flat Support: 119.35, 118.78, 118.02 Resistance: 120.79, 121.55, 122.31 The US dollar continued to retreat for a third consecutive day against the...

Talking Points:US Dollar Technical Strategy: Holding Long Support: 11737, 11688, 11638 Resistance:11799, 11837. 11899 The Dow Jones FXCM US Dollar Index is on pace to test April’s swing bottom...

Talking Points:EUR/USD Technical Strategy: Flat Support: 1.1247, 1.1178, 1.1040 Resistance:1.1359, 1.1450, 1.1541 The Euro continued to recover against the US Dollar after a brief pause to...

EUR/USDThe euro rose over 1.5 percent against the dollar and hit $1.13710, its highest level in roughly 10 weeks after a rise in European yields drove demand for the euro and weak U.S. ADP National...