Forex Opinion & Analysis

The euro remained resilient amidst heightened tensions between Turkey and Russia. The European currency was capped at 1.0670/75, resulting in a barrier for any bullish engagements. While other...

AUD traded stronger overnight on comments from RBA Governor Stevens signaling a halt in interest rate cuts during December. In his speech, he suggested that the market should “chill out”...

Rising Middle-Eastern tension coupled with mixed dataflow clouded market sentiments. Upward revision to the second estimate of US 3Q GDP growth to 2.1% QOQ coupled with a pick-up in house prices in 20...

Wen are waiting on pullback on GBP/USD before we may consider shorts. We hope on a three wave retracement back to 1.5150-1.5200 area where it can be a nice area to join the downtrend. Let's wait and...

On Tuesday the dollar was down against the euro, but trimmed losses against the other major currencies, despite the release of a weak U.S. consumer confidence report, as data showing that the U.S....

The EUR/GBP pair has broken its downward wedge pattern towards the upside on a 4 hour time frame. This confirm that the downtrend is no longer in play and the bias is towards the upside. Moreover, the...

Increased tensions in the Middle East pushed oil prices above $43 a barrel today, extending Tuesday’s gains. Geopolitical risks were heightened yesterday after Turkey downed a Russian fighter...

AUD/USD keeps trading higher within wave C that is now looking towards 0.7320 area. Despite very strong recovery, we are still observing idea of a triangle in wave 4). As such, upside can be limited...

US traders are eagerly counting down the hours until the much-awaited Thanksgiving holiday, but our readers should is still a busy economic calendar between now and Wednesday afternoon, as well as a...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.99% against the USD to close at 0.7264, after the RBA Governor expressed optimism over Australia’s economic outlook. Yesterday, RBA...

For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CAD to close at 1.3304. Yesterday, the BoC’s Deputy Governor, Lynn Patterson, stated that growth in the Canadian economy is...

For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 1.0169. In the Asian session, at GMT0400, the pair is trading at 1.016, with the USD trading marginally lower from...

For the 24 hours to 23:00 GMT, the USD weakened 0.31% against the JPY and closed at 122.52. In the Asian session, at GMT0400, the pair is trading at 122.34, with the USD trading 0.15% lower from...

For the 24 hours to 23:00 GMT, the GBP fell 0.24% against the USD and closed at 1.5085, following dovish comments from two top officials of the BoE. The BoE Governor, Mark Carney, indicated that the...