Forex Opinion & Analysis

GBP/USD hits new high but not sure if pound is done here. Notice that turn down did not last long and it quickly found a support near 1.4530 so we assume it can be just another wave four and that...

EUR/USDCurrently we are at 1.1198 in a 3rd wave. We are looking to continue to the square up @ 1.1495 and then correct. The average daily true range (ATR) for the pair currently is 82 pips.

USD/JPY - Sharp declines after completed reverse H&S patternSuch technical price behaviour like last USD/JPY movement can't be seen very often. First it formed reverse head and shoulders pattern...

AUD/USD rallied through its key resistance at the 0.7140 level on Wednesday and followed through higher on Thursday. This leaves risk of more strength on the cards. On the downside, support resides at...

The mighty dollar has been the darling of the forex market for 18-months now, mostly on rate differentials. But has the Fed got it right?So far this year, and after the first Fed rate hike in...

The Japanese yen has posted gains on Thursday, as USD/JPY trades at 117.50 in the European session. In economic news, the US will release Unemployment Claims, with the key indicator expected to remain...

What a day for the USD! The U.S. dollar depreciated sharply against all of the major currencies as signs of a slowing U.S. economy pushed the 2016 rate-hike likelihood lower. Despite a stronger-than...

Market Drivers February 04, 2016 ECB Commission cuts forecasts BoE meeting on tap Nikkei -0.85% Eurostoxx 1.06% Oil $32/bbl Gold $1147/o Europe and AsiaAUD: NAB Business Confidence 4 vs. 0 North...

Trade Of The Day: The NZD/USD hit a 4-week high against USD at 0.6697 on Wednesday. During the Asian session, the NZD/USD surged due to the better-than-expected job figures and received another boost...

London Forex Report: Fed comments from 2 top officials suggest that the Fed is in no hurry to hike rate when they meet next month. New York Fed chair William Dudley cautioned against tighter financial...

EUR/USDCurrent level - 1.1108 The uptrend broke through 1.0980 and 1.1060 and my outlook here remains bullish, for a rise towards 1.1305. Initial intraday support lies at 1.1060, followed by the...

EUR/USD 1HYesterday’s Trading: In mid-December the euro bulls didn’t manage to strengthen above 1.10. Now they are in jubilation on part of New York Fed chief Dudley who helped them pass...

USD/JPYFollowing the collapse seen yesterday, the USD/JPY started to consolidate around 23.6% Fibonacci of the wave seen on the chart below at 117.75. Trading below moving averages in addition to the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.81; (P) 172.28; (R1) 173.51; The recovery from 163.96 could extend to 55 days EMA (now at 176.08). But still, we're treating it as a corrective pattern and...