Forex Opinion & Analysis

We’re seeing mixed performance in the foreign exchange market. Yesterday, the greenback rallied against most of its rivals (prominently including pound sterling and all of the commodity dollars)...

In the wake of last week’s decision by the Fed not to raise interest rates, which has seemingly perplexed a number of market players, now is probably a good time to revisit the US Dollar Index,...

Gold is threatening further strength after closing higher on Wednesday following a loss of downside momentum. However, we think as long as it trades below the 1147/42 zone, risk remains lower in the...

Current best reading of the USD/CAD Elliott Wave cycle suggests wave ((W)) ended at 1.3353. Decline from this level ended at 1.3 as wave ((X)). The rally higher from 1.3 is unfolding as a double three...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Here’s 3 Reasons Why AUD Broke 70 Cents Since the beginning of the year, the Australian dollar has been one of the...

Since Japan's markets closed on September 18, the US 10-year Treasury yield has eased 5 bp and the S&P 500 is off about 3%. Both of these forces point to a lower dollar against the yen as Japanese...

Daily FX Wrap: Caixin PMI prints a 78-month low while ECB speakers struck a less dovish tone than expected to bolster EUR.Overnight saw the release of Caixian Flash Manufacturing PMI, which printed at...

With the EUR/USD pair now seen recovering ahead of its key support at the 1.1086 level, some kind of a correction could occur. But as long as that move is capped by the 1.1259/58 zone, its short term...

Currently the GBP/AUD pair is at 2.1657 after breaking the upside channel and now in a well-defined range. We are looking for this to continue to the Fibo support area at 2.1548 with an overall target...

A sense of unease continues to linger in the financial markets as the flash PMI release from China has fortified the doubts which most market participants had about the health of the Chinese economy....

Market Drivers September 23, 2015 Euro approaches 1100 as EZ PMI in line CNY PMI Manufacturing hits a fresh low Nikkei closed Europe 0.59% Oil $46/bbl Gold $1127/oz Europe and AsiaCNY PMI 47 vs. 47.5...

Main scenario:The pair is trading along an downtrend with target on 1.5270 and ma be expected to continue in case the market drops below it, which will be followed by reaching support level...

Main scenario:The pair is trading along an downtrend with target on 1.1035 and may be expected to continue, while pair is trading below resistance level 1.1150.Alternative scenario:An uptrend will...

USDJPYOnce again, the USDJPY has stopped by 120.60 from the upside yesterday and by 119.65 from the underside and that offers inconvenient signals. We will be neutral between these levels, as the...