Forex Opinion & Analysis

The dollar fell against a currency basket in holiday-thinned trade on Friday as investors took profits after a powerful rally that propelled the U.S. currency to almost 14-year highs.U.S. markets were...

A strong rally on USD/JPY suggests that market is in bigger and more complex recovery which can be wave B of a higher degree as shown on a daily chart. If that's the case then on the 4h chart leg up...

US ADP NFP Employment Change is usually a good indicator for NFP on Friday, and with this week being a bit on the short side, especially with all that thinning of liquidity due to Thanksgiving...

US Prelim GDP release is the second release for the 3rd quarter of 2016, which is expected to rise to 3.0% on further recovery and strong labor market. If we get a strong reading today, we should see...

CurrenciesEUR/USD – was able to find support at the levels of December 2015 and is currently moving away from this level, thanks to a weakening of the USD. This week will have a lot of important...

For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CAD and closed at 1.3532 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3475, with the USD trading 0.42% lower...

For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CHF and closed at 1.0142 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.0096, with the USD trading 0.45% lower...

For the 24 hours to 23:00 GMT, the GBP rose 0.21% against the USD and closed at 1.2476 on Friday, after the second estimate of UK’s gross domestic product (GDP) climbed 0.5% on a quarterly...

For the 24 hours to 23:00 GMT, the EUR rose 0.24% against the USD and closed at 1.0581 on Friday. In economic news, data indicated that French consumer confidence remained steady at a level of 98.0...

Dollar's pull back continue as another week starts as markets prepare for a week full of important economic data. Dollar index dips to as low as 100.64 so far, comparing to last week's high at 102.05,...

Key Points: US Non-Farm Payroll figures likely to be critical for the Cable. Cable largely appears to have discovered a bottom around the 1.2301 mark. Expect plenty of volatility in the week...

I had expectations for a stronger directional move to develop on Friday, but clearly that did not come to pass. Indeed, the move higher in EUR/USD to 1.0627 was exactly the same type of move that we...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting at 1.0584 near the bottom of the day chart trend. We anticipate a 4th wave correction and then resumption to the target at...