Forex Opinion & Analysis

The EUR/USD has broken the trend line and, due to a collapse in stock markets, has hastened upwards. I’ve marked out three price levels on a large W-shaped pattern: 1.1533 (03.02.15 maximum),...

On Friday, the EUR rose 1.25% against the USD and closed at 1.1370, after Euro-zone’s consumer confidence slightly improved in August, its first increase in five months. Compared to a reading of...

Trading opportunities on currency pair: the USD/SEK has broken from the 8.8359-8.8830 zone. A double peak is forming. A further fall in the dollar and the idea coming off will see a first target set...

GBP/JPY Daily OutlookDaily Pivots: (S1) 190.62; (P) 192.19; (R1) 193.05; GBP/JPY's fall extends to as low as 188.42 so far today and intraday bias remains on the downside. Fall from 195.26 is viewed...

The EUR/USD is exploding towards the upside on a 4 hour time frame. The price has pierced the Bollinger band and it is trading well away from it 20 day moving average. The piercing of the Bollinger...

Market Drivers for August 24, 2015 Euro nearly hits 1.1500 as Asian equity markets crushed All eyes on US as risk aversion flows dominate Nikkei -4.36% Europe not open yet Oil $39/bbl Gold...

Shares in Asia followed the 3% slump in US and European markets on Friday to head for another sharp sell-off on Monday. China’s indices were the worst affected, with the Shanghai SE Composite...

UK Revised GDP q/q is a second GDP release for the Q2 of 2015 period, and since it is the second release for the same quarter, most data have already been made available. It’s less likely to...

The Aussie Dollar experienced a week of falls as the pair remained under the grips of a bearish trend line. However, the pain is not yet over as the Aussie challenges support and further bearishness...

The yen was extremely active towards the end of last week and at the open of this week as the shine begins to wear off the US dollar. Long positions in the USD/JPY pair are being wound up which caused...

Global MarketsGlobal markets are facing severe pressures and extending losses with sentiment being weighed down by a wide variety of different factors with this including China uncertainty, resumed...

The following are the key takeaways from this week's COT report as provided by Scotiabank. (Data in this report cover up to Tuesday Aug 18 and were released Friday Aug 21).The aggregate long USD...

This upcoming week will be interesting and highly anticipated for traders as we finally saw a heavy break to the downside in the US dollar along with stock indices falling sharply as global growth...

There I was on Friday morning, watching the completion of a 5-wave move in USD/JPY, EUR/USD and USD/CHF, all accompanied by hourly (dollar) bullish divergences and thought: “great, this should...