Forex Opinion & Analysis

Forex News and EventsSpeaking today, ECB President Mario Draghi sounded ready to ease further stating, “we will do what we must to raise inflation as quickly as possible”. EUR/USD reacted...

AUD/CAD - new upward wave or triple top patternPrevious analysis of November 12 gave a profit more than 100 pips. I wrote: "AUD/CAD may test 0.9490. After break above this level, target for the demand...

USD/CHF: With USD/CHF triggering a correction on Thursday, it looks to extend that weakness further. While its resistance at the 1.0201/19 zone caps, it looks to break below the 1.0100 level. On the...

Draghi vows to “do what we must”ECB President Mario Draghi once again delivered a very dovish message during his speech at Euro Finance Week this morning. His “we will do what we...

USD/SGD continues to lose ground on Friday, as the pair trades slightly above the 1.4130 in the European session. In the US, there are no economic releases on the schedule. FOMC Member William Dudley,...

EUR/USDCurrent level - 1.0685 The recent test of 1.0750 has failed and the intraday bias is negative below 1.0710, for a slide towards 1.0616...

GBP/CAD might already completed a corrective set-back in wave ii so rally to 2.0500 and 2.0600 can be in the cards. However, it may not be a bad idea to wait on a daily and weekly close price to make...

Fed speakers continue to echo recent hawkish Fed rhetoric. Fed Vice Chairman Stanley Fischer said that the central bank is trying to “avoid surprising the markets and government” when they...

The US dollar is broadly sold-off against the majority of the G10 currencies, except the Antipodeans. The US yield curve flattens as the ‘dovish hike’ in December is being priced in with a...

EUR/USD posted losses on Friday, as the pair trades at 1.0680 in the European session. In economic news, German PPI disappointed with a reading of -0.4%. We’ll also get a look at Eurozone...

The GBP/USD pair is trading in a downward wedge pattern on a 4 hour time frame. The price may continue this trend which is towards the downside as long as we are trading within this wedge pattern. The...

USD/JPY closed over daily basis below 76.4% Fibonacci, while traders are currently taking it back toward 123.15 zones today again despite negative signs on RSI and ADX. These signs contradict with the...

HourlyMy expectations for the pound came off in full. The GBP/USD rose to 1.5335 at the US session. From a 1.5335 maximum, the pound rebounded to 45 degrees. For us to see a continuation of this...

HourlyYesterday’s Trading: On Thursday, the euro/dollar rose to 1.0762. The euro/dollar was down to 1.0668 after the publication of ECB minutes, but then it quickly restored itself. The...