Forex Opinion & Analysis

FOMC Minutes: “Most participants anticipated that, based on their assessment of the current economic situation and their outlook for economic activity, the labor market, and inflation, these...

AUDUSD: Although maintaining its broader medium term downtrend, AUDUSD faces risk of further recovery higher after it followed through on the back of reversal of its intraday losses on Wednesday. This...

GROWTHACES.COM Forex Trading Strategies Taken Positions: EUR/USD: long at 1.0705, target 1.0900, stop-loss 1.0610, risk factor ** GBP/USD: long at 1.5265, target 1.5390, stop-loss 1.5180, risk factor...

One is always wiser in hindsight and so it turned out that it would have been a smarter decision yesterday to simply wait until the turmoil of the FOMC minutes has diminished. Despite the hawkish tone...

For more than a year now, commodity prices have been under pressure from the strong U.S. dollar and slowing global demand. This has made a huge dent in the balance sheet of many net exporters of...

The European currency remains under pressure as the US dollar is strengthening. The demand for the USD is growing ahead of the upcoming Fed meeting. Market participant are pricing in a 72% chance of a...

EUR/USDCurrent level - 1.0692 The reversal at 1.0616 signals a positive bias, for a test of 1.0750 resistance. Minor intraday support lies at...

GBP/JPY - on resistance and highest since August 2015In previous analysis of November 6 I pointed trend line and support which should cause rebound. I wrote: "The trend line was tested for the third...

AUD/USD testing resistance at 7135 but a break higher looks likely and targets strong resistance at 7155/60. This is the main challenge for bulls today but shorts need stops above 7180. A break higher...

USD/JPY first support at 123.34/30 but below here targets better support at 123.10/05 for some profit taking on shorts. If we continue lower look for a buying opportunity at 122.90/85. A good chance...

GBPUSD on the way to a selling opportunity at 1.5310/15. This is the main challenge for bulls today but shorts need stops above 1.5340 with further gains to target 1.5355/58 then 1.5395/99. Failure to...

On the 4H chart of USD/TRY we see a completed first leg as in red wave (A) of a bigger three wave correction that started from 2.7573 low. That said we are now tracking a three wave movement in red...

GBP/USD – Testing key inflection point for downside to resumeGBP jumped to daily high of 1.5280s after BoE’s Broadbent commented that the November yield curve pushed the CPI forecast over...

FOMC minutes signaled 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,...