Forex Opinion & Analysis

The PMI index for the US manufacturing sector, published on Monday, calculated by the Institute for Supply Management (ISM), rose to 55.3 in March against 54.2 in February.The DXY dollar index,...

The Canadian dollar has looked sharp, with gains of 1.0% since Friday. Will the positive momentum continue on Tuesday? Currently, the pair is trading at 1.3316, up 0.07% on the day. On the release...

USD/JPY targets further recovery threats as it builds on bull pressure with eyes on the 111.89 resistance zone. On the upside, resistance comes in at 112.50 level. Above this level will turn attention...

AUD/USD tumbled during the Asian morning Tuesday, as the language in the RBA meeting statement was softer than previously. The slide came after the rate hit resistance near the 0.7130 zone, but it was...

Bitcoin was one of the main talking points across financial markets today after suddenly climbing to its highest level since November 2018 above $5000.While sudden and explosive swings are nothing new...

GBP/CAD continues to rise inside the 4-hour Ascending Triangle chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Ascending Triangle at the 4-bar...

USD/CAD unfolded clear, five-waves down from 1.345 level, which in Elliott wave theory suggests where the trend is going. We see it going bearish, however, once a three-wave corrective rise fully...

There is still no Brexit deal in the UK Parliament. As mentioned in our previous analysis, the pound does not care too much about this. On Friday we had movements in both directions, on Monday we saw...

The US dollar index managed to hold on to the gains amid a mixed batch of economic reports. Retail sales fell 0.2% in February unexpectedly, while the ISM’s manufacturing PMI rose to 55.3 during...

Our currency outlook on the first day of the month and it looks as though the US dollar could be supported this weekUSD: Domestic demand to keep USD supported this weekThe new quarter starts with some...

The Canadian dollar, still fueled by the impressive Canadian growth figures from last Friday and backed up by 'risk on' and the rise in oil, keeps finding high demand. Following at a certain distance...

Key Highlights The British pound found support near 1.2980 and recently recovered against the US dollar. A major bearish trend line is in place with resistance at 1.3190 on the 4-hour chart of...

Poor economic data and soft inflation saw several central banks, including the Federal Reserve and European Central Bank, take a dovish turn in March. Contrary to expectations that interest rates...

After falling for six of the past seven days, it wasn’t surprising to see EUR/USD rally off its 1.1215 support level in Monday’s Asian session trade. Unfortunately for EUR/USD bulls, that...