Forex Opinion & Analysis

EUR/USD remains inside the bearish channel. Price back tested the broken short-term blue support trend line and got rejected. As long as we trade below 1.1545 we should expect a move towards...

Daily Forex Market Preview, 09/10/2018With the U.S. and Canadian markets closed, trading was relatively subdued. Still, the U.S. Dollar managed to maintain a steady pace of gains on Monday. On the...

AUD/USD faces price recovery risk as it looks to follow through higher on the back of Monday higher close. Support comes in at the 0.7000 level where a breach will aim at the 0.6950 level. Below that...

Asian stock markets are set for another poor start to the day as trade tensions between Washington and Beijing appeared to escalate overnight. US Secretary of State Mike Pompeo met with Chinese...

Key Highlights · The British Pound corrected higher, but it failed to hold gains above 1.3100 against the US Dollar. · There was a failed attempt to break a bearish trend line with...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.After driving USD/JPY to 11-month highs last week, investors took profits in what should have been a quiet trading day. However...

USD/JPY is on radar as it managed to lose 150 points during the last 3 days, with 100 pips losing on Monday.There were speculations that the key trigger of the pair move was risk-off sentiment in the...

Data Largely PositiveAll of the indexes closed lower Friday with negative internals on the NYSE and NASDAQ as volumes declined on both exchanges from the prior session. The index charts took on...

USD/JPY declined on sell off during Monday trading session. It now eyes more weakness towards the 113.00/112.86 zone. On the downside, support lies at the 112.50 level where a break will aim at the...

While the dollar has all the fundamental reasons to support an outlook for continued strengthening, it continues to weaken against the yen for the third day.The dollar is strong and should only...

The unfavorable conjuncture of the debt and foreign exchange market does not allow the XAU/USD bulls to launch a counterattackWhat does not kill makes us stronger. Gold has not been in such an...

The report on the US labor market is further evidence of the U.S. strong economy.Any drama has its final. Investors, willing to sell dollar amid a weak increase in nonfarm payrolls, have been...

It’s been an interesting start to the new trading week with a number of different markets across the globe suffering weakness.Headlines range from Chinese stocks getting slammed lower as trading...

Oil price reached the key support to the middle-term uptrendWTI Oil price reached the key support to the middle-term uptrend [73.69 – 73.38] on Friday. Starting from today, it is relevant to...