Forex Opinion & Analysis

Forex traders can expect tight range bound, but whippy trading, to continue until tomorrow afternoons Fed announcement (2pm EDT). Dealers are now bracing themselves for some sharp post statement...

Talking Points:The British Pound gained 0.5% versus the US Dollar after today’s UK labor data. The UK unemployment rate unexpectedly fell to 5.5%. Average Earnings Index rose by 2.9%. The...

Forex News and EventsFed Could Impact RussiaThe FOMC committee will make their much anticipated rate hike decision tomorrow. This will be the first time a decision has been made on this since June...

On July 29th we published “EUR/CAD And The Art Of Reversal Prediction” to demonstrate how the Elliott Wave Principle can help you forecast major reversals by looking only at one chart....

The U.S. dollar which was weaker than most currencies for the past week, saw some small gains as all eyes turn to the Fed meeting which begins today and ends tomorrow, and will announce interest rates...

Main scenario:The GBP/USD pair is trading along an sideways trend with target on support level 1.5325, while market is trading below resistance 1.5430.Alternative scenario:An uptrend will start as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.93; (P) 185.01; (R1) 185.82; Intraday bias in GBP/JPY remains neutral with focus on 187.36 resistance. Firm break there will argue that fall from 195.86...

GBP/USDGBP/USD moved to the downside after coming below 1.5415 and our expectations failed, while moving below moving averages 20 and 50 is a negative factor. ADX shows bearish tendencies and RSI...

Market Commentary USD better bid overnight with much of the gains occurring in the US trading after US 2 Year note higher by more than 8bps to trade above 0.80% for the first time since 2011. Lower...

EUR/USDCurrent level - 1.1273 The overall outlook remains negative, for a tight test of 1.1230 support zone. Crucial on the upside is 1.1325...

This week’s focus should be and only can be Federal Reserve’s meeting on interest rate decision. As many believe that the result is unlikely to be a rate hike by the end of the month, the...

Yesterday’s Trading: On the whole I’m happy with how the EUR/USDhas slid to the 90th degree. Due to the yen crosses, the maximum on my forecast wasn’t reached and the minimum was...

It was a strong session for the New Zealand and Australian dollars, as the US dollar also held to gains and risk sentiment was positive after a significant rally on Wall Street overnight.The aussie...