Forex Opinion & Analysis

AUDUSD beat 7155/60 to hit the next target of 7215/20 for an excellent selling opportunity. We actually topped 1 pip below but if you sold in to shorts this trade worked perfectly as we sold off to...

USD/JPY is however now back above 122.90/85 to target first resistance at 123.25/28. A break above 123.40 then targets double top highs at 123.59/67. Try shorts with stops above 123.80. Just be aware...

The staff of the International Monetary Fund (IMF) has recommended that the yuan be included in the institution’s SDR basket. We wrote back in October: SDRs were created under the auspices of...

Well that was not what I had expected… Actually, a couple of weeks back I did suggest the low 1.06’s as the base for a recovery but then thought it could actually move a bit deeper....

USD/JPY: Having started a strong corrective weakness on Thursday, the pair is now looking for more declines. This is coming on the back of a loss of upside momentum off the 123.63 high. On the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The U.S. dollar’s correction Thursday was technical and not fundamental. The prospect of a rate hike in December has not...

DAILY FX WRAP – USD dictates play in FX markets as Asia Pacific and European participants react to yesterday’s FOMC minutesMuch of the day’s price action in FX markets has been a...

Crowded dollar longs are under a bit of pressure early in today’s US session as yesterday’s FOMC minutes left just enough ambiguity to keep traders guessing on whether the Fed will raise...

On The 1h chart of AUD/NZD we see a completed wave (i) and therefore we are expecting a three wave pullback in wave (ii). Ideally wave (ii) will find support around former minor wave iv) range and...

NZD/USD:Currently we are at 0.6516 and finishing a pullback which is bearish. We are looking to continue to the S5 support @ 0.6418 with an overall target the 0.786 Fibo @ 0.6382. The average daily...

FOMC minutes signalled increased hawkishness, emphasizing for the first time prospects of a Fed rate hike in December. “Members emphasized that this change was intended to convey the sense that,...

The growing optimism over the increased likelihood of a US interest rate rise in December has given the global financial markets a sense of positivity. Investors have acquired some clarity from the...

The EUR/USD 2-year yield differential has been a driving factor in the decline of the currency pair. At current levels of 126 basis points between U.S. and German rates, the differential is now the...

Whilst yesterday’s FOMC minutes were flagged as a tier-one item of news, the market reaction suggested that perhaps a tier-three ranking would have been more appropriate, with the markets noting...