Forex Opinion & Analysis

AUD/USD is trading higher with a sharp impulsive manner that already took out 0.7282 swing high. it suggests that leg from 0.6936 is not corrective, rather impulsive so we need five waves up. For now...

USD/JPYThe USD/JPY remains trapped within a tight range inside the triangle pattern as seen on the provided daily chart, but we believe that these price actions could be a preparation for a strong...

On Friday the dollar fell against the other major currencies, hitting multi-week lows against the euro and the Swiss franc, after the minutes of the Federal Reserve’s latest meeting indicated...

Analysts predict that Fed may postpone its interest rate hike until next year in March. Macro economy investigator Ma Yao from CI Consulting suggested that the world is experiencing an economy...

Weekly Large Trader COT Report: Currencies US dollar net speculator positions edged lower last week to +$20.89 billion The latest data for the weekly Commitment of Traders (COT) report, released by...

Asian equities rose sharply on Monday as energy and commodity linked shares were boosted by the recovery in oil and commodity prices. Shares in China were 3.5% higher after the People’s Bank of...

US Core Retail Sales is usually a good market mover, and considering recent dovish tone out of the Fed, a stronger retail figure may help to boost market sentiment and support the USD.Here's the...

US Core CPI is expected to rise to around the 0.1%. Any strong deviation should increase/decrease the possibility of a rate hike by the Fed this month…8:30am (NY Time) US Core CPI m/m Forecast...

NZ CPI is a quarterly release; therefore, there is a chance for the forecast to miss. Considering that the dis-inflation theme is global, there are very little expectations for a strong surprise...

Global equity markets continued their recent run of form with positive momentum remaining as the theme for the financial markets as they concluded trading for the week. Although there are still...

EUR/USDMain scenario:The pair is trading along an uptrend that may be expected to continue in case the market rises above resistance level 1.1385, which will be followed by reaching resistance level...

GBP/USDMain scenario:The pair is trading along an uptrend with target on 1.5440, and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1.5285. Alternative...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.97% against the USD to close at 0.7326. LME Copper prices rose 3.08% or $159.0/MT to $5319.0/MT. Aluminium prices rose/declined 3.54% or $55.0/MT...

For the 24 hours to 23:00 GMT, the USD declined 0.50% against the CAD to close at 1.2942. In economic news, Canada’s unemployment rate unexpectedly rose to 7.1% in September, its highest level...