Forex Opinion & Analysis

USD/JPY holding below 109.30/35 is negative for today and we do need a correction. Holding below 108.89/85 targets minor support at 108.35/30. Further losses targets 107.90/85 then strong support at...

EUR/USD held very important 19 month trend line support at 1.0660/50 almost perfectly. As stated yesterday, if you are looking for a reason to buy, this is your best opportunity. We look for a...

After a robust surge in U.S. financial, industrial, and health care stocks post the U.S. elections sent the Dow Jones industrial average to new record high, the rally lost momentum on Wednesday as...

Trading recommendations Sell in the market. Stop-Loss 1.0740. Targets 1.0670, 1.0600, 1.0550 Buy Stop 1.0740. Stop-Loss 1.0680. Targets 1.0795, 1.0840, 1.0900, 1.0975, 1.1050, 1.1120Overview and...

The markets have been quite flat this week with the bullish momentum on the US dollar pushing the USD crosses lower across the board. The US dollar index is seen stalling a few points above the 100.00...

The EUR/USD retreated to 1.0667 in New York and consolidated at the tight range of 1.0689/1.0715 in Asia. Trend and momentum indicators remain comfortably negative for an extension of the downtrend...

For the 24 hours to 23:00 GMT, the USD declined 0.16% against the CAD and closed at 1.3432. On the economic front, Canada’s manufacturing shipments advanced more-than-expected by 0.3% MoM in...

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 1.0022.In economic news, data showed that Switzerland’s ZEW economic expectations index strengthened to a...

For the 24 hours to 23:00 GMT, the GBP declined marginally against the USD and closed at 1.2441. On the data front, UK’s ILO unemployment rate unexpectedly dropped to 4.8% in the three months...

For the 24 hours to 23:00 GMT, the EUR declined 0.2% against the USD and closed at 1.0701. The greenback gained ground against its peers, as investors continued to expected that the US Federal...

Key Points: Markets are pricing in a near 100% chance of a hike. Jawboning likely following the decision. Fed likely to hike the FFR 25bps at December FOMC meeting. The U.S. news cycle over the past...

Key Points: Final leg of an Elliot wave could be about to begin. Current support is reinforced by 100 day EMA. Stochastics should encourage bulls to re-enter as the week closes. In the wake of a...

EUR/USD. We lower our EUR/USD forecasts to 1.05 in 1M (1.09 previously), 1.04 in 3M (1.08), 1.08 in 6M (1.11) and 1.12 in 12M (1.15). Over the next one to three months, we expect the prospect of a...