Forex Opinion & Analysis

S&P500 is back at the highs, so seems like that wave C) of a flat in wave (B) is still in play towards 100% projection level of wave C)=A) which comes in around 2050. In that zone we also see that...

EUR/USDCurrent level - 1.1374 The outlook remains bearish below 1.1420 minor resistance, for a break through 1.1330 static support, en route to 1.1210...

The dollar extended yesterdays’ rally at the start of today’s Asian trading, but fell back in late Asian session. Stronger-than-expected inflation and jobless claims data on Thursday...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD strengthened 0.43% against the USD to close at 0.7333. LME Copper prices rose 1.25% or $66.0/MT to $5344.0/MT. Aluminium prices declined 0.10% or...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD declined 0.51% against the CAD to close at 1.2862, after US consumer prices dropped in September. In economic news, Canada’s existing home...

USDJPY MovementFor the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 118.94. In the Asian session, at GMT0300, the pair is trading at 119.15, with the USD...

GBPUSD MovementFor the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.5478. In the Asian session, at GMT0300, the pair is trading at 1.5472, with the GBP trading...

Good morning. Hope all is well! We have had an average forecast for yesterday with a 57% accuracy on our predictions for yesterday. As expected, the US dollar gathered a little steam but only by a...

Yesterday was partly successful, partly neutral and partly confusing. When looking at the individual pairs, I also note the potential correlation and how these all need to relate to each other, which...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.EUR/USD raced to a high of 1.1493 Thursday, just a few pips shy of 1.15 before falling sharply to end the North American trading...

USD/JPY: USD/JPY lost its downside momentum to close higher on a long-tailed candle on Thursday. This development leaves risk higher with a possible run at the 119.50 level. Above here will clear the...

EUR/CADBest reading of the cycle in the short term suggests decline to 1.454 ended wave ((w)). Wave ((x)) bounce is unfolding as a double three structure where wave (w) ended at 1.476, wave (x) ended...

Time to watch USD vs YEN, as it starts to break down from its Aug.-Oct. sideways (Bear Flag) congestion zone, towards a test of the Aug low at 116.15, which will complete a year-long top formation,...