Forex Opinion & Analysis

Traders will be zeroed in on the Reserve Bank of Australia (RBA) when it announces its interest-rate decision on May 5 at 12:30 a.m. EDT. The RBA has faced a constant battle to depreciate the AUD in...

The USD kicks off the start of a busy week broadly firmer. It looks to have picked up some momentum over the past few sessions but we note the DXY index has declined in each of the past three...

Euro fails at key resistance, Dollar bounces at support Big week in FX markets warn of important volatility, risks to US Dollar Volatility risk shifts focus to our Breakout2 trading system The US...

EUR rally driven by weak US data Eurozone delivers poor PMI data EUR/USD will continue to plummet In April, the euro staged a global forex rally which was in fact the biggest since 2010....

The USD/CAD began the week in the red zone as the greenback lost nearly 230 points to the loonie. However, that trend reversed later in the week and the USD/CAD finished the week at the same level...

The USD may stabilize somewhat and swirl around this Fibonacci fanline at or near its current price level -- as shown on the Weekly chart -- before either resuming its uptrend or, perhaps, falling to...

In what has been a relatively muted session, movements in the USD-index have been the catalyst for most of the price action in major pairs amid a lack of fundamental news. However, the market...

CHF/JPY pair has formed a high probability bullish set-up on the 4-hour chart. The exchange rate has pulled-back into a zone between the 10 and 20 moving averages which is a good place to take trades...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.1150, target 1.1350, stop-loss 1.1040, risk factor **USD/CAD: short at 1.2110, target 1.1930, stop-loss 1.2205, risk factor...

Holiday thinned markets (Japan’s Golden week holiday Monday-Wednesday and today’s U.K May Day celebrations) are managing to keep forex action relatively tight ahead of the open stateside...

Market Drivers for May 04, 2015 AU Building Approvals and job adverts all rise EZ Final PMIs mixed Nikkei closed, Europe 0.24% Oil $59/bbl Gold $1181/oz. Europe and AsiaCNY: Final Chinese PMI 48.0...

Last Friday, the pound weakened against the USD despite negative American macro-economic statistics. Business activity index in the American manufacturing sector has remained at the level of 51.5...

This week the scorecard recommends buying GBP, CAD and JPY while selling AUD, EUR and CHF. Last week's signals resulted in a 0.6% loss. Especially the short EUR and the long NZD positions were...