Forex Opinion & Analysis

AUD/USD - NZD/USD Daily Forecast - March 20, 2019 AUD/USD minor support at 7088/85 but below 7080 targets 7060/50. A break below 7040 tests 2 month trend line support at 7010/05. Stop below 6995 for a...

USD/JPY - EUR/JPY Daily Forecast - March 20, 2019 USD/JPY bottomed exactly at first support at 111.20/10 but a break below 111.00 targets 110.80/75 then 110.50. We topped 3 pips from minor resistance...

Done and dusted. Well, I have some doubts over EUR/USD but the 1.1385-93 area is possible and the 1.1404 is the limit. USD/JPY has already begun the upside along with USD/CHF. It looks most likely...

Job vacancies fallAustralia’s Westpac leading index came in flat in February, falling from an upwardly-revised +0.1% reading in January, despite firmer commodity prices. In addition, skilled...

The market remains is a state of contained activity until the FOMC policy statement and press conference by its Chairman Jerome Powell later on Wednesday. Equities in the US, with our attention always...

Daily FX Market Roundup March 19, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset ManagementWednesday’s Federal Reserve monetary policy announcement is the most important event...

The US dollar fell during a surge lower on Tuesday, reaching toward the vital 1.3250 level. However, by the time the Americans got to work and started to take the markets under their control, the pair...

The EUR/USD daily Forex chart has rallied for 3 weeks. Today’s high so far is withing a few pips of the bear trend line that began with the January 10 high. More importantly, it is only 58 pips...

EUR/USD has reached the resistance of the downward channel before the important Fed meeting, which is able to determine the further trendThe single currency is growing against the dollar for seven...

The news feed in the current trading week will be very eventful. Leading central banks will make decisions regarding further monetary policies. Some important statistics will be published as well. At...

The US dollar has fallen quite a bit this week against the Mexican peso, perhaps in a bid to find yield in a low interest rate environment. After all, out of the most common global currencies, the...

A number of ongoing global narratives kept a lid on the markets with USD trading subdued ahead of major events this week. These include the two-day FOMC meeting starting today and ending tomorrow, and...

The Canadian dollar has posted slight gains in the Tuesday session. Currently, USD/CAD is trading at 1.3310, down 0.20% on the day. On the release front, Canada releases its annual budget, which...

USD/CHF continues to fall inside the daily Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 6-bar level – which...