Forex Opinion & Analysis

GBPUSD closed around 1.3152 in the US session Wednesday, slid -0.43% as Brexit gets increasingly messier after British Parliament failed to find any definitive Brexit option even after a deluge of...

The Canadian dollar is up slightly on Thursday. Currently, the pair is trading at 1.3435, up 0.25%. On the release front, there are no Canadian events. In the U.S., Final GDP for the fourth quarter is...

EUR/SEK spiked north during the European morning Thursday, breaking above two resistance barriers in a row. However, the rally was stopped by the 1.4950 hurdle, which appears to be acting as the upper...

EUR/USD has steadied on Thursday trade, after a brief mid-week slide. The pair is trading at 1.1249, up 0.05% on the day. On the release front, the remainder of the week is busy. On Thursday, German...

With bond yields continuing to fall, it’s becoming too difficult for other markets to ignore and raises the prospects that sentient could finally crack. And that could see a lower USD/JPY.Whilst...

The Cable is still looking higher after that sharp and impulsive bounce in wave A away from 1.3000 level followed by a slow three-wave a-b-c decline in wave B, which gives us a clear bullish setup...

The January trade deficit data for the United States showed a decline of 15% with the deficit shrinking from a revised $59.9 billion in December to $51.1. The deficit shrank on lower oil imports and...

Sterling tumbled yesterday evening as Brexit uncertainty haunted investor attraction towards the currency. However, looking at sterling’s overall price action, it does feel like the risk over a...

Daily FX Market Roundup March 27, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset ManagementWith no major economic reports released in the last 48 hours, FX traders have been yanked...

Crude oil prices struggle to extend the bullish momentum but the overall bias remains positive on Wednesday. Brent has settled around $67.50 and still struggles to get back above the $68 barrier....

Hi traders,USD/MXN is recovering sharply and strongly, now ideally unfolding sub-wave iii) as part of a higher degree wave three. Some resistance can be seen at the upper channel line for sub-wave...

Euro is testing middle-term support at [1.1264 – 1.1245]US Crude – Oil Oil middle-term trend is upward. Buy target is Zone 5 [62.36 – 62.00]. I recommend looking for trades from the...

Brexit’s potential disruption to the financial system in general, and U.K. assets in particular, has proliferated news headlines ever since the country voted to leave the EU. It may therefore be...

Hi traders,NZD/USD is trading at the end of a bigger, three-wave reversal, down from 0.694. We are tracking wave c with its five wave drop, with sub-wave iv) waiting around the corner. Possible...