Forex Opinion & Analysis

EUR/USD continues to lose ground this week. In the Tuesday session, the pair is trading at 1.1521, down 0.50% on the day. In economic news, Eurozone PPI edged lower to 0.3%, above the estimate of...

USD/CHF hits our Fib. levels above 0.9800 yesterday, with five subwaves in red wave v) so an extended wave three can slow down now. Ideally, that’s already wave four now which may test 0.9780...

All setups today are with the USD and all of them have a proper sell signal. They were covered by us many times in the past few days, so you should not be surprised with the current price movements....

Reports that UK Prime Minister Theresa May will make a concession on the Irish border backstop have helped nudge the dial towards a Withdrawal Agreement deal by year-end. But two things remain to be...

EUR/JPY Daily OutlookDaily Pivots: (S1) 131.66; (P) 132.06; (R1) 132.39; EUR/JPY drops sharply today but stays above 130.86 resistance turned support so far. Intraday bias remains neutral and another...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5992; (P) 1.6045; (R1) 1.6079; EUR/AUD recovers strongly today but for now there is no confirmation of short term reversal yet. Correction from 1.6353 could...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.74; (P) 113.93; (R1) 114.16; A temporary top is in place at 114.05 in USD/JPY with today’s retreat. Intraday bias is turned neutral first. Some...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3001; (P) 1.3051; (R1) 1.3091; Intraday bias in GBP/USD remains neutral for consolidation above 1.2999 temporary top. Overall, near term outlook remains...

The lesson from the weekend drama was that deals can come together in a heartbeat and that deep pessimism might be the time to buy. The Canadian dollar was the top performer Monday while the yen...

Key Highlights · The British pound started a downside move from 1.3280 and declined towards 1.3000 against the US dollar. · There is a declining channel formed with resistance at 1.3100...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The big story in the FX market was the U.S.-Canada trade deal. In the eleventh hour, the 2 neighboring countries managed to...

The pound stopped its aggressive decline on Monday, with the pair is trying to recover its ground and find a bottom in the 1.30 area. The latest relief came from surprisingly strong UK PMI data. The...

The New Zealand dollar has found a bit of support at the 0.66 level on Monday as traders returned from the weekend. This coincide quite nicely with the 50% Fibonacci retracement level, and it is of...

We are staring a new month and the final quarter of 2018. Will there be new trends at the currency market? Let’s see what trading opportunities await us during the next few days.What lies ahead...