Forex Opinion & Analysis

On Tuesday, the U.S. Dollar climbed to the highest levels against the Canadian Dollar since August of 2010.Recent positive economic data out of the U.S. has helped to underpin the greenback, fueling...

Being contained by the resistance of 103.73 (May 22 high), the USD/JPY pulls back from 103.37 and breaks below the lower line of the price channel on 4-hour chart, suggesting that consolidation of the...

The USD/CAD’s upward movement from 1.0414 extends to as high as 1.0672, the subsequent fall suggest that consolidation of the uptrend is underway. Support is located at the lower line of the...

Chinese Yuan vs. Dollar And EuroUSD/CAD Trades At 3-Year High Pre-BoCAUD: Supported By Steady RBA Statement, Q3 GDP NextNZD: Hits Fresh 5-Year High vs. AUDGBP: Star Of The ShowEUR Back At The Top Of...

Talking Points:Classic "Buy the Dip" Set-up End of a 5-Wave Elliott Pattern for GBP/NZD A Viable Entry Opportunity Happening Right Now The AUD/CHF trade we highlighted yesterday worked out very...

The Australian dollar is steady in Tuesday trading. Early in the North American session, the pair is trading in the low-0.91 range. AUD/USD is trading in the low-0.91 level in Tuesday's European...

As the USD index refuses to do anything directional, it’s worth noting that all of the G10 currency trading action lately, both in terms of trading ranges and trends, has been in the JPY crosses...

EUR/USDEuro is being corrected towards level of 1.3457; right now market is moving inside the third wave of this correction and forming consolidation channel to break ascending channel and continue...

EUR/USDThe pair finished the session in positive territory amid broad based USD weakness stemming from option related flows and profit taking in the USD/JPY. In terms of EUR specific commentary, today...

Currently we are at 0.9046 – waiting to see if we invalidate the inverse head and shoulders. If we continue in the channel look for a bearish continuation to the support area at 0.8969 and the...

AUD/USD unable to hold above 9140 and hit the 9100/95 target for a buying opportunity. We bottomed almost exactly here at 9086 and shot higher to 9130, but being unable again to beat 9140, saw the...

Many believe that the "mighty" dollar is on an edge and about to wake from its two-month slumber of trading in a tightly contained range. Improvement in US growth and the orderly move higher in...

Hourly ChartThe Reserve Bank of Australia held rates as expected today; keeping policy rate at 2.50%. In the accompanying statement, Governor Glenn Stevens repeated last month's statements almost...

We had a busy Asian session, with a hold on RBA rates, although the drop in Chinese non-manufacturing PMI failed to allow the Aussie a relief rally. The Nikkei also had a busy session with another...