Forex Opinion & Analysis

EUR/USD pares early gains following ECB release ECB minutes state downside risks for inflation have risen US jobless claims data place a question mark over NFP growth The EUR/USD was in an ebullient...

GBP underperformed FX markets after the BoE took a more pessimistic view on UK inflation prospectsHeading into the opening stages of European trade, commodity linked currencies underperformed amid...

Dollar vulnerability continues to take centre stage within the global currency markets. Sentiment remains bearish for the USD and this may be reflected on the Dollar Index which has declined to a new...

GBP/JPY: The cross now faces further weakness after turning lower ahead of its key overhead resistance at 184.42 level during Thursday trading session. Our bias remains lower as long as that level...

The EUR/USD and USD/JPY remain in extremely tight trading ranges on the daily charts. Day traders have been mostly scalping for 10 – 30 pips, and many of the 10 pip scalps are with limit orders...

Canadian dollar strengthened following GDP report last week indicating Canadian economy continued expanding after contracting in the first half of 2015. Labor market report on Friday is expected to...

The poll of private economists by Reuter’s agency showed they expect ECB to increase the size of quantitative easing in the forthcoming 6 months, which will push the euro down. Now the weak euro...

GBP/USD is little changed on Thursday, as the pair trades just above the 1.53 line in European trading. The pound has enjoyed a strong week, buoyed by a strong Manufacturing Production report on...

EUR/USDOutlook: Short Term (1-3 Days): Bullish – Medium Term (1-3 Weeks): BearishFundamental: EUR eased slightly as German industrial output and French imports slumped, raising growth concerns...

Less than a month ago, on September 16th, we published “The EUR/CAD Saga Continues”, saying that “the exchange rate is likely to plunge below the 1.46 mark again.” We thought...

Data for August published today in Germany showed a reduction in both imports and exports. However, it barely affected pair’s dynamics as the EUR/USD strengthened. Today attention needs to be...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.1220, target 1.1400, profit locked in at 1.1230, risk factor ** EUR/USD: Watch FOMC Minutes(stay long for 1.1400)The USD is...

EUR/USD has posted gains on Thursday, and the pair has punched above the 1.13 line for the first time this week. In economic events, German numbers continued to disappoint, as the country’s...

Market Drivers October 08, 2015Euro probes 1.1300 German Trade Balance slightly weaker 19.6B vs. 20.2BNikkei 225 -0.99% Europe -0.18%Oil $48/bblGold $1143/oz Europe and Asia:EUR GE Trade Balance 19.6B...