Forex Opinion & Analysis

Canada’s dollar lost the most in more than two months as wholesale and retail sales fell and consumer-price gains stayed below the central bank’s inflation target for a 15th month, fueling...

AUD/USD for Monday, August 26, 2013The AUD/USD is presently consolidating in a narrow range right around 0.9030 after finishing last week surging back through the key 0.90 level Earlier last week it...

EUR/USD Open 1.3377 High 1.3410 Low 1.3332 Close 1.3376On Friday EUR/USD traded within 75 pip range. The European currency appreciated from 1.3332 to 1.3410 on Friday, not matching the negative money...

To close out last week the euro made another run at the 1.34 level only to be turned away yet again and ease back under. It has started this week by consolidating in a narrow range between 1.3380 and...

GBP/USD is facing the support of the lower line of the price channel on 4-hour chart. A clear break below the channel support will indicate that the uptrend from 1.5102 had completed at 1.5717...

USD/JPY: 98.68 Short-Term Trend: sideways Outlook:Our analysis is now in serious question here as USD rose to 99.14 last week. That's the maximum allowed under the presented wave count. So, if my...

Quantitative easing (QE), or the Federal Reserve’s bond buying program, has been a spectacular success. Arguably, the greatest innovation since sliced bread. Don’t believe me? I mean, if...

The FOMC Meeting Minutes published yesterday weighed heavily on stock markets, the Canadian loonie and bond valuations, as many committee members suggested that the pace of bond purchases would be...

Market CommentaryThe Dollar Index (DX) finds support again at 80.80 ranges; the medium trend is still range bound between 84.50 and 81.00 with wider swings expected between 85.20 and 80.50 ranges. The...

Brazilian officials finally pulled a big rabbit out of their policy hat. The central bank committed to selling up to $500 mln in FX swaps daily and up to $1 bln on Fridays – amounting to around...

The US dollar was broadly mixed last week. Its gains were strongest against the New Zealand dollar and Australian dollars (~3.6% and 1.70% respectively). The Norwegian krone and Canadian dollar lost...

EUR/USDWhat Forex Target Traders See: We are currently sitting at 1.3386. The trend is your friend till it bends, and we are bending with a head and shoulders possibly already in place. We are waiting...