Forex Opinion & Analysis

Potential Price Channel on USD/JPY Needs Lower Channel Low to Confirm – Would Be in Critical Decision Wave A potential price channel on usdjpy needs a lower low to confirm. The wave into a lower...

The USD/JPY continues to break down as the Japanese yen (amazingly enough) strengthens. I think people will be surprised at how strong the yen behaves in the months ahead.

EUR weakens on the back of dovish comments from ECB’s Nowotny while USD is supported by higher core CPI dataFX markets have been dominated by two notable events today, with EUR and USD taking...

The EUR/USD tested the September 18 lower high yesterday. The breakout failed and reversed down strongly overnight. It began a strong 2nd leg down on the 5-minute chart a few minutes ago. Because the...

US inflation data to come outOn Thursday at 14-30 СЕТ, the important macroeconomic data on inflation will be released in the US. The tentative outlook for dollar is negative. Will...

AUD/USD: Price Stalls Ahead Of 0.7381, VulnerableAUD/USD: The pair turned lower ahead of its overhead resistance at the 0.7381 level during Thursday trading session. This suggests on continued trading...

The Canadian dollar is slightly down on Thursday, following strong gains a day earlier. Early in the North American session, the pair is trading at the 1.2940. There are no Canadian releases on...

Currently we are at 1.5418 after breaking the corrective 4th wave. We are looking to continue to the Fibo support area at 1.5317 with an initial overall target at 1.5158. The average daily true range...

GBP/USD is almost unchanged on Thursday, in sharp contrast to the pound rally on Wednesday, when GBP/USD surged over 200 points. There are no UK releases on Thursday. It’s another busy day in...

Waiting on US CPI reportLatest news from the US confirmed that the economy is expanding at a (very) moderate pace as the industrial sector is being badly hit by the strong dollar. Half of the 12...

Lackluster U.S data over the past 24-hours (retail sale, PPI and beige book) has further diminished the market odds for a 2015 rate lift off (Oct. +2.5%, Dec. +32.5%). This is putting the dollar very...

EUR/USDMain scenario:The pair is trading along an uptrend that may be expected to continue in case the market rises above resistance level 1.1490, which will be followed by reaching resistance level...

GBP/USDMain scenario:The pair is trading along an uptrend that may be expected to continue in case the market rises above resistance level 1.5500, which will be followed by reaching resistance level...

The already vulnerable Dollar received multiple sharp blows in Wednesday’s trading session as an array of unimpressive economic data releases from the States rapidly decreased the expectations...