Forex Opinion & Analysis

Focus of the day"FX markets are becalmed. The FOMC policy debate is evolving very slowly as the members are unsure about when to start raising rates. The oil price collapse has also turned into...

The CAD has been under pressure for most of the week, mainly due to Friday’s weaker-than-expected US labour data and this week’s less-hawkish-than-expected FOMC minutes.Today the focus...

Talking Points USD Looking to Fed-Speak for Guidance Amid Fed Policy Speculation CAD Down Before Jobs Data in Otherwise Quiet Overnight Trade The economic calendar is quiet in European trading...

Talking Points USD/CHF Technical Strategy: Flat Support:0.9746, 0.9428, 0.9213 Resistance: 0.9910, 1.0177, 1.0393 The US Dollar looks poised to continue higher after clearing range resistance below...

Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11970, 11858, 11679 Resistance:12177, 12356, 12502 The Dow Jones FXCM US Dollar Index broke higher out...

Talking Points EUR/USD Technical Strategy: Flat Support: 1.0640, 1.0456, 1.0386 Resistance:1.0868, 1.1040, 1.1122 The Euro accelerated lower against the US Dollar after producing a bearish Dark Cloud...

Talking Points USD/JPY Technical Strategy: Flat Support: 119.66, 118.93, 118.20 Resistance: 120.68, 121.41, 122.13 The US Dollar continued to move higher against the Japanese Yen as expected...

Talking Points EUR/GBP Technical Strategy: Short at 0.7311 Support: 0.7239, 0.7149, 0.7005 Resistance: 0.7392, 0.7509, 0.7627 The Euro turned lower against the British Pound as expected after...

Talking Points NZD/USD Technical Strategy: Flat Support: 0.7501, 0.7406, 0.7296 Resistance:0.7595, 0.7658, 0.7721 The New Zealand Dollar remains locked in a range below a falling trend line...

Talking Points AUD/USD Technical Strategy: Flat Support: 0.7559, 0.7421, 0.7262 Resistance:0.7733, 0.7900, 0.8058 The Australian Dollar is digesting gains near the middle of a now-familiar range...

Talking Points GBP/JPY Technical Strategy: Flat Support: 177.26, 176.01, 175.01 Resistance: 178.03, 179.28, 180.56 The British Pound turned lower anew against the Japanese Yen, recoiling from...

Talking Points EUR/JPY Technical Strategy: Flat Support: 128.00, 126.85, 125.69 Resistance:129.32, 131.05, 132.51 The Euro turned downward against the Japanese Yen as expected following the...

The EUR/USD pair is trading below its downward trend line on a 30-minute time frame. This confirms that the trend is towards the downside. Moreover, the price is also trading below the 50 day and 100...

GBP/USD broke beneath 1.4740 which confrimed the end of a triangle placed in wave (4) so we see lower levels ahead. Notice that decline from 1.4973 is also very strong and sharp; a clear impulsive...