Forex Opinion & Analysis

The Canadian dollar is flat against the U.S. dollar on Thursday. The loonie is trading at 1.3158 ahead of the monthly GDP release to be published on Friday morning. The currency stood its ground...

GBP/USD paused on Thursday, after recording gains throughout the week. In the North American session, the pair is trading at 1.3296, down 0.10% on the day. In economic news, there are no major British...

GOLD remains vulnerable with eyes key support at 1,302.00 zone. On the downside, support comes in at the 1,310.00 level where a break will turn attention to the 1,300.00 level. Further down, a cut...

MyFXspot.com Trade IdeasEUR/USD: long at 1.1320, take profit at 1.1470, stop-loss 1.1255 Market OverviewU.S. GDP increased at a 2.6% annualized rate in the fourth quarter after expanding at a 3.4%...

The Canadian dollar has lost ground in the Thursday session. Currently, the pair is trading at 1.3205, up 0.37% on the day. On the release front, Canada’s current account deficit widened to...

NZD/USD Bearish: Currently, we are at 0.6835 in a range and a channel. IF we can break the support here, we are looking for the continuation to the 0.786 Fibonacci at 0.6767. The overall target is the...

EUR/USD has climbed higher in the Thursday session. Currently, the pair is trading at 1.1419, up 0.42% on the day. In the eurozone, the focus is on German CPI, which is expected to rebound with a gain...

The British pound registered the best result among its G10 competitors on Tuesday, recovering more than 150 points against the US dollar, to 1.3287 highs. The rally was triggered by the British Prime...

USDJPY closed around 110.86 in the US session Wednesday, surged by almost +0.26% and made the session high of 111.08 on less dovish testimony by Fed’s Chair Powell. USD was also boosted by...

The U.S. wants China to re-evaluate yuan a claim that can hardly be met by the Chinese if they do not want to repeat Japanese 2 lost decadesTrade Optimism FadingThe optimism around the US-China talks...

USD/MXN made only three waves up from the low, so pair can remain on a bearish track for upcoming sessions, especially if current leg will also break below 19.14 swing low. Very short-term...

Wall Street ended mixed yesterday, rebounding from intra-day lows for a nondescript close. U.S. top trade negotiator said China buying more U.S. goods is not enough, need to see structural changes....

Manufacturing PMI at 3-year lowMore signs of how the Chinese economy is facing headwinds was evidenced by a further weakening in China’s PMI readings in February. The manufacturing PMI slid to...

At last, we have seen the dollar lows. We should be heading higher in the dollar and confirming the bullish foundation Wave i and Wave ii before any stronger rally. Of course, this will see swings so...