Forex Opinion & Analysis

EUR/USDCurrent level - 1.1290 The fluctuations due to the highly anticipated FOMC meeting later today led to an already confirmed local bottom at 1.1212. Despite the typical uncertainty, surrounding...

Main scenario:The GBP/USD pair is trading along an uptrend that may be expected to continue in case the market rises above resistance level 1.5530 which will be followed by reaching resistance level...

Main scenario:The pair is trading along an uptrend and may be expected to continue in case the market rises above resistance level 1124, which will be followed by reaching resistance level 1140. In...

USD/JPYUSD/JPY has moved to the upside and is presently moving above one of the key level of 120.60. ADX is turning bullish, while RSI14 is attacking the value of 50.00 as seen on the provided daily...

During the session today, there will be several important announcements coming out of the US and Switzerland. Switzerland will release its central bank’s interest rate decision, but we also...

Market Commentary The USD is on the back-foot overnight after US CPI fell 0.1% m/m — the first decline since January — presenting a higher hurdle for Fed to remove policy accommodation in...

The dollar moved lower against most major currencies on Wednesday, after data showed that U.S. inflation fell last month and as investors await for the Federal Reserve's highly-anticipated policy...

USD/CHF is turning down from 0.9800 resistance area as expected, where we were looking for end of a wave D that is part of a big triangle. Pair turned down recently for nearly 160 pips into wave E...

Yesterday’s Trading:On Wednesday, weak US inflation data became the main driver pushing down the USD. Traders were abandoning the dollar before the FOMC convened, expecting that the Fed will...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.81% against the USD to close at 0.7191. Yesterday, the RBA Assistant Governor, Guy Debelle, stated that the financial markets should remain...

For the 24 hours to 23:00 GMT, the USD declined 0.52% against the CAD to close at 1.3174. In economic news, Canadian manufacturing sales climbed 1.7% on a monthly basis in July, surpassing market...

For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CHF and closed at 0.9708, after the US consumer prices entered negative territory on a monthly basis in August. The Swiss Franc...

For the 24 hours to 23:00 GMT, the USD strengthened 0.15% against the JPY and closed at 120.57. Yesterday, a leading global rating agency, downgraded Japan’s long-term credit rating to A+ from...

MAJOR PAIRS:MAJOR CROSSES: How to read these tables? 1. If Position/Trading Idea is "LONG/SHORT" it means we have already taken this position at the Entry Price and expect the rate to go up/down to...