Forex Opinion & Analysis

The dollar along with the main U.S. indices fell sharply early on Wednesday, as Republican Donald Trump was surprisingly elected to be Obama’s successor as the new U.S. president. The Mexican...

In my last post, I wrote about the small solace I took in profits on my short AUD/JPY position as the Japanese yen (via Guggenheim CurrencyShares Japanese Yen (NYSE:FXY)) surged in response to a...

On the EUR/USD we are looking at a nice impulsive decline taking place, with price specifically trading in sub-wave 4) of 1 that could be near completion. As such we expect one more drop to follow...

AUD/USD continues to fall after the earlier breakout of the up channel chart pattern which was earlier identified by Autochartist on the 4-hour charts. Autochartist rates the quality of this chart...

The FX, equity and bond markets were volatile yesterday with a risk off sentiment prevailing on the news of a Trump victory. However, after the initial euphoria faded, the US equity markets in...

Trump being elected the 45th U.S. president was not the only shock yesterday; the markets’ reaction was even more surprising. The immediate response looked like Brexit version 2.0, but as we...

The US dollar rebounded as harshly as it dived on the back of the underpriced Trump victory.The EUR/USD tanked from 1.1299 to 1.0907 on Nov 9th, as Federal Reserve (Fed) hawks assessed up to 82%...

Trading recommendationsSell Stop 1.0910. Stop-Loss 1.0950. Targets 1.0865, 1.0825, 1.0710, 1.0600Buy in the market. Stop-Loss 1.0910. Targets 1.0970, 1.1030, 1.1050, 1.1135, 1.1285Technical analysis...

For the 24 hours to 23:00 GMT, the USD rose 0.91% against the CAD and closed at 1.3407. In the Asian session, at GMT0400, the pair is trading at 1.3407, with the USD trading flat against the CAD from...

For the 24 hours to 23:00 GMT, the USD rose 0.55% against the CHF and closed at 0.9840. In the Asian session, at GMT0400, the pair is trading at 0.9828, with the USD trading 0.12% lower against the...

For the 24 hours to 23:00 GMT, the USD rose 0.5% against the JPY and closed at 105.64. In the Asian session, at GMT0400, the pair is trading at 105.18, with the USD trading 0.44% lower against the...

For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.2413. In economic news, UK’s total trade deficit expanded more-than-anticipated to a level of £5.2...

For the 24 hours to 23:00 GMT, the EUR declined 0.86% against the USD and closed at 1.0918. Yesterday, the European Commission, in its first economic forecasts since the Brexit vote, raised the...

The market quickly pivoted from yesterday’s doomsday scenario to refocus on what President Elect Trump means for both the global and US economy. Of course, this will take some time to understand...