Forex Opinion & Analysis

Background I wrote a trading comment on EURUSD on July 3 2014 entitles “Greenback to make greater gains”. That was a paper with a medium-term perspective. However, I have noted in the...

EUR/USDRisk reward: 1.22Trend: UpBuy at 1.3596 SL 1.3564 TP 1.3635USD/JPYRisk reward: 0.91Trend: NeutralBuy at 101.37 SL 101.05 TP 101.66GBP/USDRisk reward: 1.56Trend: UpBuy at 1.7106 SL 1.7074 TP...

Talking Points:US Dollar Aiming to Move Higher After Correction S&P 500 Pullback Still Stuck at Chart Support Level Crude Oil Drops to 2-Month Low, Approaches $100 US DOLLAR...

EUR/USDThe euro was almost unchanged against the dollar on Friday as concerns over a major Portuguese lender eased, curbing safe haven demand for the greenback. The single currency remained under...

USD/CAD recently reversed up from the lower support trendline of the daily down channel that was earlier identified by Autochartist – as you can see from the following trade alert for this...

On Friday, the AUD weakened 0.10% against the USD to close at 0.9385.LME Copper prices rose 0.6% or $41.0/MT to $ 7151.0/MT. Aluminium prices rose 1.1% or $21.0/MT to $ 1906.5/MT.Over the weekend, the...

On Friday, the USD marginally declined against the CHF and closed at 0.8923.In the Asian session, at GMT0300, the pair is trading at 0.8926, with the USD trading tad higher from Friday’s...

On Friday, the USD strengthened 0.11% against the JPY and closed at 101.38.In the Asian session, at GMT0300, the pair is trading at 101.35, with the USD trading marginally lower from Friday’s...

On Friday, EUR marginally declined against the USD and closed at 1.3604, as worries on the troubles in the European banking system continued to weigh on the common currency. However, in order to cool...

CA Core CPI is expected to be at -0.1% and we’ll be looking for a deviation of 0.3% in order to trade. Since there are no real expectations for BOC to act in the short-term, unless we get a...

CA BOC Interest Rate today will probably come in as expected as there are currently no speculation for BOC to either hike or cut interest rates at this time. Considering that recent fundamental data...

NZ CPI is a quarterly release, therefore it could be very tradable. Considering that recent sentiment out of New Zealand has been very Kiwi supportive, I’d expect more market reaction if we were...

US Core Retail Sales is probably going to be a non-event unless we get our tradable deviation. With the Fed policy set in place, market has already priced in a strong recovery, therefore unless we get...

UK CPI y/y release may provide the catalyst needed for GBP/USD to breakout the current tight range, especially if we were to get significantly better or worse release today. Of course, with market...