Forex Opinion & Analysis

EUR/USD has traded in a tight consolidation since the currency pair made its latest plunge last week down to an 11-year low of 1.1460. That low was just shy of reaching its key downside support target...

Talking Points Key weekly reversal bars at December spike high Downtrend off the 1/7 high is in place (4-hr time-frame) Looking for a retracement to at least 74000 USD/NOK put in key reversal bars on...

This Thursday's ECB press conference will be a show stopper for the forex markets and could deliver another market moving shocker following closely on the Swiss National Bank's surprise decision to...

This Thursday's ECB press conference will be a show stopper for the forex markets and could deliver another market moving shocker following closely on the Swiss National Bank's surprise decision to...

The Japanese yen has posted strong gains on Wednesday, recovering the losses of a day earlier. In the European session, USD/JPY is trading in the mid-117 range. On the release front, the BOJ kept BOJ...

Currently the EUR/AUD is at 1.4117. We are looking for a continuation to the 1.618 Fibo support area @ 1.4009 IF we can break the support here. The average daily true range (ATR) for the pair...

GBP/USD has support at 1.5125/20 again today then strong longer term 5 year trend line support at 1.5090. Try longs with wide stops below 1.5050. January's low at 1.5035/30 is the last line of defense...

AUD/USD support at 8155/50 is key to direction today. If trying longs we need stops below 8135. Be ready to go with a break lower using 8150 as resistance for a move towards 8115 & perhaps as far...

Talking Points: BOE interest rate vote 9-0 (against change); Asset-purchase vote 9-0 (against change) ILO Unemployment Rate (3M)(NOV) Actual 5.8% vs 5.9% Surveyed and 6.0% Prior Market will be...

The GBP/USD pair is trading below the downward trend line on a daily time frame. This confirms that the trend is towards the downside. As long as the price is trading below the downward trend line,...

GROWTHACES.COM Forex Trading Strategies: Taken Positions: EUR/USD trading strategy: short at 1.1590, target 1.1375, stop-loss 1.1585 USD/CAD trading strategy: long at 1.1880, target 1.2200, stop-loss...

CB’s cut growth and inflation forecasts ECB’s Nowotny: ‘meeting nothing to get excited about’ BoE Hawks find the fold Poloz has market doing all the work Despite Japan’s...

KEY DATA RELEASES TODAY (GMT) :0930 GBP Average Earnings Index 3m/y exp 1.7% v 1.4% 0930 GBP Unemployment Rate exp 5.9% v 6.0% 0930 GBP Claimant Count Change exp -24.2K v-26.9K 0930 GBP MPC Official...