Forex Opinion & Analysis

On Friday, the USD rose 0.76% against the CHF and closed at 0.8869.In the Asian session, at GMT0300, the pair is trading at 0.8872, with the USD trading a tad higher from Friday’s close.The pair...

On Friday, the USD strengthened 0.18% against the JPY and closed at 101.79.On the economic front, Japan’s leading economic index fell more-than-expected to a 12-month low reading of 106.5 in...

On Friday, GBP fell 0.49% against the USD and closed at 1.6849, as traders reacted negatively to the recent batch of mixed economic releases from the UK economy and following recent encouraging...

On Friday, the EUR declined 0.61% against the USD and closed at 1.3755, extending its previous day’s losses on the back of the ECB President, Mario Draghi’s comments on loose monetary...

US Core CPI is expected to remain around the 0.2%, with the Feds focusing more on fundamental data, at least that’s what they are telling the market, a stronger release could send USD to a...

NZ Retail Sales release is a quarterly release and since it is released quarterly, it has the potential of surprising the market, making it a very tradable report. Of course, considering the strength...

EUR/USD Technical Strategy: Pending Short Support: 1.3734 (50% Fib ret.), 1.3673-81 (61.8% Fib ret., wedge bottom) Resistance: 1.3795-1.3810 (38.2% Fib ret., trend line), 1.3932 (double top) The...

The latest data for the weekly Commitments of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and speculators added to their...

AUD/USDThe Australian dollar did well to finish out last week in moving through the resistance level at 0.93 and maintaining the break.  Prior to the break through, over the last couple of weeks...

From a bearish Key Reversal Day to a Key Reversal Week…in EUR/USD and USD/CHF at least. Could that sequence extend to a Key Reversal Month? Well, that’s not possible in USD/CHF (unless it...

The GBP/USD is facing the support of the lower line of the price channel on 4-hour chart. A clear break below the channel support will confirm that the uptrend from 1.6465 (Mar 24 low) had completed...

Recently we updated an analysis on Gold that focused on it as an investment in several different ways: fundamental, technical and momentum. The allure of gold as an investment is as strong as the...

The one consistent thing I am seeing is Euro weakness. However, there is a significant amount of support just under where the currency closed against many of the world’s major currencies....

It’s natural for trader’s to look for an edge in FX. One key way for an edge to develop is to identify turning tides of the fundamentals and confirming price action of such anticipated...