Forex Opinion & Analysis

GBP/CAD continues to rise inside the hourly Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 5-bar level – which...

Stock markets lost more than 2.5% during sell-off since the end of last week on fears that debt markets give a signal of an imminent U.S. recession.However, the global currency markets remained calm,...

As is usually the case, overnight implied volatility has spiked ahead of the central bank meeting, irrespective of the fact that most expect rates to remain unchanged at 1.75%. Still, it remains...

On Tuesday we will start with a real long-term beauty – NZD/CAD. Here, the price has a proper buy signal after we broke the long-term down trendline and the neckline of the inverse head and...

The mood across Asian markets improved this morning, amid easing concerns about the global economy and a possible recession in the United States.Market participants are easing up on the risk-off...

Whilst the bias for USD/CHF remains for a break to new lows on the daily chart, we see the potential for a minor rebound for intraday traders as its correction completes.We noted recently that DXY...

Daily FX Market Roundup March 25, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset ManagementAfter the big moves in FX last week it was a relatively quiet day for currencies. The US...

The EUR/USD daily Forex chart rallied for 10 days in a bull micro channel. It sold off sharply for 2 days last week. Whenever a market reverses down sharply after reversing up sharply, there is...

Last week, the Fed downgraded its economic forecast and the 10-year Treasury yield crossed below the 3-month Treasury yield, which some view as the harbinger of recession. As well, Friday's equities...

GBP/USD looks to follow through higher on correction. Support stands at 1.3150 level. Further down, support comes in at the 1.3100 level where a break will turn focus to the 1.3050 level. Further...

EUR/AUD Bearish: Currently, we are at 1.5935 in a range and a nice channel. IF we can break the 0.618 Fibonacci here, we are looking for the continuation to the square up at 1.5874. The average daily...

EUR/USD has posted slight gains on Monday, after sharp losses late week. Currently, the pair is trading at 1.1323, up 0.019% on the day. On the release front, German Ifo Business Climate rebounded in...

Last week,on Wednesday 20 March, the Federal Open Market Committee of the US kept interest rates on hold in a range of 2.25% to 2.5%. Fed Chair Jerome Powell indicated that US interest rates will stay...

Last week was pretty rough for the US dollar. We witnessed an impressive decline after the FOMC meeting followed by a nice recovery on Friday. On most of the currency pairs on the market, USD is...