Forex Opinion & Analysis

AUD/USD INTRADAY CHART BIAS: We should soon see a correction higher before the downtrend resumes Resistance: 0.7385-90 0.7404 0.7430-36 0.7462Support: 0.7350-55 0.7332 0.7311-24 0.7271-84 MAIN...

Price development cannot be described as having much energy; the progress made over the past week is reflective of a collective reticence due to the long corrective process that seems to have dulled...

EUR/USD We are currently sitting at 1.0831 and waiting for a continuation of a 3rd wave. Look to the strong support at 1.0683 as an interim target en route to 1.0448. The average daily true range...

Key Fundamental Forex Events for the Week of July 13th through July 17th The following table lists the key economic data and other events that came out during the week of July 13th through July 17th,...

Fundamental Forecast for Dollar:BullishDespite relief for Greece, the euro continues to decline and thereby bolster the case for USD Janet Yellen continued to beat the rate hike drum, now we are in...

Talking Points: • Progress towards a third Greek rescue means euro volatility has settled, but it is also free to trade • In the week ahead, a lull in event risk finds the RBNZ rate...

Fundamental Forecast for British Pound: BullishBritish pound may be at risk versus the US dollar as it stops and reverses at key technical resistance Longer-term technical patterns nonetheless...

Weekly Large Trader COT Report: CurrenciesUS dollar net speculator positions rose last week to +$27.29 billionThe latest data for the weekly Commitment of Traders (COT) report, released by the...

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the...

Besides the Ranking and Rating list provided here, I will also prepare this weekend the Weekly Currency Score list, which will support my analysis for trading in the coming week, which is then...

Central banks take focus this week, after hawkish comments from Fed’s Yellen and a number of BoE MPC members, while next week sees BoE release minutes of their last meeting and the RBNZ rate...

Breaking out of the rangeLet us consider the USD/CAD pair on the daily timeframe. The Bank of Canada cut its benchmark interest rate 0.25% to 0.5% on July 15. The central bank estimates that the...

The Mario Draghi press conference saw no developments of note, as much of the bandwidth was taken up by questions over Greece and emergency liquidity provision, which Draghi provided. It is...