Forex Opinion & Analysis

Key Highlights · The US dollar after a monstrous rally against the Japanese yen found sellers at 113.80-114.00. · There was a crucial bullish trend line on the 4-hours chart of USD/JPY,...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Don’t be fooled by the performance of Monday's U.S. dollar because the uptrend remains intact. The dollar may have...

The US dollar has rallied against both the Japanese yen and Chinese yuan since the end of September. Through Monday, the yen has fallen 9.8% and the yuan has fallen by 3.5%. What they have in common...

Economic data was encouraging last week with the release of the Canadian retail sales report and the U.S. durable goods report. The energy market was also the focus of attention as crude oil...

After a 160-pip rally to above a lower high and the bear trend line, there are some gap bars on this 240-minute chart. This 3-day wedge bear flag will probably have a couple small legs down. Then, the...

We have some key US data through the week, culminating in the US payrolls release on Friday. Ahead of this is the US Q3 GDP estimate (preliminary) on Tuesday with the ADP survey on Wednesday. All of...

E-mini S&P 500 is trading at a new all time highs which we said would happen already at the end of October as decline from the high was corrective at that time. We labeled it as wave IV which sent...

With all eyes firmly on the OPEC meeting this week to see if they will cut oil production and raise the oil price, other key items this week affecting USD is Advance GDP, Consumer Confidence, NFP and...

Market Drivers November 28, 2016 Dollar under pressure as week starts EZ Draghi on deck Nikkei -0.13% DAX -0.79% Oil $46/bbl Gold $1189/oz. Europe and AsiaEUR: EZ M3 4.4% vs. 5.5% North AmericaEUR:...

Monday November 28: Five things the markets are talking aboutExpectations that a OPEC production deal would unravel, a possible defeat in Sunday’s referendum in Italy and elections in Austria,...

EUR/USD has edged upwards on Monday, as the pair trades at 1.0630. The pair has been uneventful since the Thanksgiving holiday on Thursday. With no major economic releases out of the Eurozone or the...

Since 2014, CAD/JPY has been in a strong downtrend, which so far was interrupted by three major correction movements. All of them were very similar in terms of depth, having around 950-1000 pips. Two...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.25; (P) 140.99; (R1) 142.03; Break of 139.59 minor support indicates temporary topping at 141.73. Intraday bias in GBP/JPY is turned neutral for...

EUR/USD Weekly Trend: Oversold 1st Resistance: 1.0679 2nd Resistance: 1.0713 1st Support: 1.0614 2nd Support: 1.0555 EUR Recent Facts: 22nd of July 2016, German Manufacturing PMI (key indicator of the...