Forex Opinion & Analysis

Comments made by New York Fed President William Dudley to the effect that bond purchases may be sped up in the event of an economic slowdown were well received on markets, leading observers to believe...

The Canadian Economy has now officially lost its financial rock-star mentor, ex-BoC governor Carney. Next Monday, on Canada Day, Mark Carney starts his new role as the new top dog at the Bank of...

Investors have had to side step month-end, quarter-end and mid-year portfolio adjustments. However, they could not escape some compelling Fed rhetoric on the final Friday of June. Since helicopter...

The US dollar extended its advancing streak for the third consecutive week to close out the month and quarter. Federal Reserve officials have tried to clarify policy by noting that tapering is not...

As usual, here are a few more observations from Friday's developments. The charts display the day's support and resistance from the daily report issued around 2am-3am GMT and last for the rest of the...

There appears to be a large disconnect developing within the markets – Gold has plunged nearly 8% this week and is now trading towards a critical support level around the 1180 range. The selloff...

The U.S. dollar is trading sharply higher against all of the major currencies this morning on the back of comments from Federal Reserve President Stein. Despite the abundance of U.S. economic data...

EUR/USDThe pair settled the week lower, on the back of a firmer USD, which remained bid in spite of numerous attempts by central bankers to downplay the significance of the most recent FOMC meeting....

Currently we are at 1.4170 on the R4 after breaking out of the wedge. As we expected we started the 5th wave to the top. We are looking for a continuation to the R5 @ 1.4316. The average daily true...

The British pound remains under pressure from the US dollar, and is trading in the mid-1.52 range in Friday’s European session. UK releases have not impressed this week, and there was more bad...

AUD/USD continues to have an uneventful week, and is trading in the low-0.92 range in Friday’s European session. On Wednesday, US GDP numbers disappointed, falling well below market...