Forex Opinion & Analysis

US Dollar Index June 17th:We saw price stall in the right area and are now in the Wave -c- decline. This looks a bit complicated, the decline in (cyan) Wave iii expected to reach around the...

Last week the Bank of Canada published a review of the Canadian financial system. The report says that it remains robust, but identified three areas that need to monitored: imbalances in the housing...

Asia Roundup: Miners are expected to see profits squeezed as Aussie Iron Ore prices continue to tumble, printing fresh 21-months lows and approach 5-year lows, at $89 per tonne. RBA Monetary Policy...

GBP/USDOpen 1.6986 High 1.7011 Low 1.6956 Close 1.6982On Monday the GBP/USD decreased with 50 pips. The Cable depreciated from 1.7011 to 1.6958 yesterday, in line with the negative money flow...

EUR/USDGermany and France are seeking to ease the euro area’s deficit rules to reflect efforts by governments to fix their economies, Europe’s two biggest economies will present a proposal...

GBP/CAD continues to rise inside the daily Down Channel that was earlier identified by Autochartist – as you can see from the following trade alert for this currency pair. GBP/CAD is expected to...

For the 24 hours to 23:00 GMT, the AUD strengthened marginally against the USD to close at 0.9398.LME Copper prices advanced 1.0% or $63.5/MT to $6735.0/MT. Aluminium prices edged up 0.1% or $1.0/MT...

For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.0846.On the economic front, sales of existing homes in Canada jumped 5.9% in May, its largest month-over-month...

For the 24 hours to 23:00 GMT, the USD weakened 0.17% against the JPY and closed at 101.83.Yesterday, the BoJ, in its monthly economic survey, reiterated its outlook for the Japanese economy to...

For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.6980, amid mounting speculation for an earlier-than-expected interest rate hike in the UK economy.In the Asian...

For the 24 hours to 23:00 GMT, the EUR rose 0.31% against the USD and closed at 1.3574, as the latter declined after the IMF, citing a harsh winter in the US, slashed its growth-outlook on the...

Trading the News: U.K. Consumer Price IndexA marked slowdown in the U.K.’s Consumer Price Index (CPI) may generate a larger pullback in the GBP/USD as it limits Bank of England (BoE) scope...

We seem to have had a really good forecast for yesterday with 6 out of the 7 pairs moving in the direction that we had predicted. The GBP/USD, USD/CAD, USD/CHF and EUR/JPY we were spot on, while on...

While we are aware their stance is to keep rates on hold for the foreseeable future, today’s notes did have a slightly more Dovish theme than was anticipated. The Aussie reacted by losing 30...