Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9535. In the Asian session, at GMT0300, the pair is trading at 0.9549, with the USD trading 0.15% higher from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.46% against the JPY and closed at 119.49. On Friday, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda, stated that Japan’s economy is...

For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.5434. In economic news, UK’s Rightmove house price index rose 0.6% MoM in October, from an increase of 0.9% in...

For the 24 hours to 23:00 GMT, the EUR declined 0.19% against the USD and closed at 1.1356. Macroeconomic data released showed that Euro-zone’s consumer price inflation rose 0.2% MoM in...

CA BOC Interest Rate will probably remain unchanged as analysts expected, especially considering recent market turmoil and constant pressure over crude prices, BOC is unlikely to surprise the...

UK Retail Sales is expected to come in at 0.3% and we’ll be looking for a deviation of 0.5%. Taking into account that the USD has been consolidating lately, a stronger release will definitely...

CA Core Retail Sales figure could provide some incentive for CAD to move. As the market is generally pushing CAD lower, a strong release could provide decent support until the next major...

CA Core CPI is likely a high impact release for the CAD, especially considering current crude price trend. Obviously if we were to get a stronger release, then we should see some support for the...

Last week saw a volatile Australian dollar, as the pair experienced some sharp swings after some mixed US economic results, as well as an AUD Employment Change result that was disappointing. However,...

The following are the key takeaways from this week's COT report as provided by Scotiabank. (Data in this report cover up to Tuesday Oct 13 and were released Friday Oct 16).The aggregate long USD...

Key Events This Week: October 19th – October 23rdMon: CNY GDP Tues: AUD – RBA Meeting minutes, USD -Housing starts and building permits, JPY – Exports, Imports Weds: CAD – BOC...

Good morning. Hope all is well! We seem to have had a really good forecast for Friday with close to a 100% accuracy on our predictions. As we had expected, the US dollar gathered some steam while the...

All price movements in forex can be divided in 4 phases: Accumulation Mark-up Distribution Mark-down Accumulation means to buy as much of positions as possible, without significantly putting the price...

Euro Red Price Channel will Likely Break Out Downwards Before a New Channel High because It Includes the Bottom of the Previous Move The euro has been putting in precise turns on the sides of a price...