Forex Opinion & Analysis

A Face you can Trust: As the Federal Reserve prepares to raise interest rates for the first time since 2006, I cant help but laugh at the multitude of faces that Fed Chair Janet Yellen gives the...

While all traders are (justifiably) hyper-focused on the Federal Reserve’s highly-anticipated meeting, it’s worth noting that the Fed is not the only rodeo in town. Before that fateful...

The revised GBP/AUD short-term Elliott Wave suggests the decline from wave ((X)) at 2.21 is unfolding in a triple three structure WXYZ where wave W ended at 2.167, wave X ended at 2.193, wave Y ended...

The AUD/USD pair continues to look for a further move higher with the possibility of a retest of the 0.7214/33 zone. On the upside, resistance lies at the 0.7280 levels. A cut through here will turn...

INTRADAY CHART BIAS: This appears to be stuck between two scenarios Resistance: 0.7151 0.7165 0.7175 0.7194Support: 0.7120-25 0.7097 0.7070-75 0.7035 MAIN ANALYSIS: The rally did end up short - not...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.There Could be Another Pre-FOMC Dip in the DollarInvestors bought U.S. dollars against all of the major currencies shrugging off...

New Prime Minister in AustraliaThe Australian dollar has been in the declining trend for the last 12 months since September 2014. Now it has bounced up from the six-year low reaching a two-week high....

Yesterday’s US session bounce seems like a distant memory by now for USD/JPY traders. Overnight, the Bank of Japan left monetary policy unchanged, though the bank did downgrade its outlook for...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.49; (P) 185.56; (R1) 186.51; Intraday bias in GBP/JPY remains neutral with focus on 187.36 resistance. Firm break there will argue that fall from 195.86 has...

Talking Points:According to the BIS, China growth concerns hinder commodity exporting markets US Dollar appreciation adds to difficulty of paying off dollar-denominated debt The average short-term...

Forex News and EventsRBA waiting on the FedThe minutes from the RBA’s September meeting were released earlier this morning. As expected, the minutes indicate that the central bank is comfortable...

The following are the intraday outlooks for EUR/USD, AUD/USD, and USD/CAD as provided by the technical strategy team at SEB Group.EUR/USD: Sellers at dynamic resistance. The ascending pivot line,...

Reflected from the continuous slip of the USD in the past few days, the market did not show great expectation for Fed’s interest rate hike. Seen from the day line of the USD index, it may appear...