Forex Opinion & Analysis

GBP/USD: GBP continues to face upside pressure following its corrective recovery bullish offensive. With the pair trading above its cluster of resistance at the 1.5689/77 zone, more strength is...

GROWTHACES.COM Forex Trading Strategies Taken Positions EUR/CHF: long at 1.0780, target 1.1170, stop-loss 1.0640, risk factor * Pending Orders EUR/USD: sell at 1.1575, target 1.1330, stop-loss 1.1685,...

EUR/USDCurrent level - 1.1466 The massive rise peaked at 1.1498 and there is an opportunity for a corrective pattern towards 1.1290 support zone before another leg upwards, to 1.1720 zone. Initial...

PBoC holds off on easing, global equities plummet. Safe haven flows and equity liquidation dominate. Carry trade: massive unwinding continues. Will Jackson Hole Summit provide clues? Capital markets...

Will the FOMC hike interest rates in September?The USD Remains a Firm Favourite for Leading Currency in 2015 The USD has several factors working in its favour in the last four months of 2015. For...

This week the scorecard recommends buying AUD, CAD and GBP while selling NZD, SEK and NOK.Last week's signals resulted in 1.3% loss. The short SEK was expensive, while the long JPY and SEK performed...

Market Commentary Equity markets continue their descent overnight after closing at their lows last week. China’s PMI-mfg (preliminary) came in at 47.1, a 6.5 year low. DJI, S&P and NASDAQ...

Talking Points:Kiwi Dollar Underperforms as RBNZ Compounds Pressure from Risk Trends Euro Joins Japanese Yen in Capitalizing on Sharp Carry Trade Liquidation The Australian, Canadian and New Zealand...

USD/JPYUSD/JPY has moved in line with our bearish scenario discussed several times earlier, and succeeded in reaching the key support level of 121.00, as seen on the provided daily chart. All eyes...

EUR/USDThe euro jumped more than 1% against the dollar on Friday, as growing concerns over slowing global economic growth bolstered expectations that the Federal Reserve may keep interest rates on...

On Friday, the AUD declined 0.12% against the USD and closed at 0.7327. LME Copper prices declined 0.29% or $14.5/MT to $5046.0/MT. Aluminium prices declined 1.33% or $20.5/MT to $1523.5/MT. In the...

On Friday, the USD rose 0.71% against the CAD to close at 1.3176. Released data revealed that Canada’s annual consumer prices increased less than expected by 1.3% in July, after rising 1.0% in...

China stocks in a global sell off, S&P 500 breaking the sideways market, and possibly tanking hard, FOMC in my opinion will not raise hikes in next 6 months. Hectic Asia session gave us a lot to...

On Friday, the USD declined 1.14% against the CHF and closed at 0.9482. In the Asian session, at GMT0300, the pair is trading at 0.9389, with the USD trading 0.98% lower from Friday’s close. The...