Forex Opinion & Analysis

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...

ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45am, then followed with a press conference at 8:30am. Current market expectation for ECB is a bit more optimistic as recent...

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...

With the continuation of the China saga, global sentiment received another dent as GDP growth for the world’s second largest economy in Q3 fell short of the golden 7% figure. Although GDP rose...

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,...

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...

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...

Weekly Large Trader COT Report: Currencies US dollar net speculator positions fell last week to +$18.97 billion The latest data for the weekly Commitment of Traders (COT) report, released by the...

AUD/USD INTRADAY CHART BIAS: This should extend losses with hourly and 4-hour momentum bearish Resistance: 0.7275-80 0.7320-25 0.7345 0.7362-81Support: 0.7222-40 0.7198 0.7164 0.7120-35 MAIN...

The week ended on a more conservative note, but was expected. From this point, it almost looks like a toss of the coin: pullback or follow-through. To be honest, it could go either way today, although...

EUR/USD: Having EUR close slightly lower the past week on a rejection candle print, it faces additional weakness in the new week. This view remains valid as long as the pair can trade and hold below...

Buy signals between 0.725 and 0.72 towards 0.76. Sell signals under 0.72On the weekly chart, AUD/USD is clearly in a downtrend, with all SMAs parallel and pointing down. The pair however bottomed down...