Forex Opinion & Analysis

During the Friday session, we saw a general “risk off” move, especially after the jobs number in the United States failed to impress. As per usual, the New Zealand dollar was used as a...

Hi traders,A completed five-wave drop on EUR/CAD can suggest a a temporary retracement as in three waves to follow. Ideally pair found a low at the 1.502 level, in which case a temporary pullback as...

The euro licks its wounds ahead of the U.S. Non-Farm Payrolls after Thursday's sharp downward revisions from the ECB. The central bank pushed out guidance and announced a new round of targeted loans...

The Canadian dollar is under pressure, after posting losses throughout the week. On Friday, the pair is trading at 1.3461, up 0.04% on the day. On the release front, the focus will be on job numbers,...

GBP/NZD tumbled during the European morning Friday, breaking below the 1.9330 level and the upside support line drawn from the low February 15th. Then, the rate dipped below the 1.9290 support (now...

EUR/USD is licking its wounds near its 21-month low ahead of today’s NFP report, and were closely watching today’s close at it could be the difference between a breakout or a...

USD/JPY meets strong support at 111.40/35. Further losses test strong support at 111.05/00. A break below 110.90 is an important sell signal initially targeting 110.35/30. Holding strong support at...

EUR/USD has steadied on Friday, after suffering sharp losses on Thursday following the ECB rate statement. Currently, the pair is trading at 1.1212, up 0.04% on the day. On the release front, German...

The single currency lost 1.2%, responding to the softer ECB tone. Following the meeting, the regulator promised not to raise rates in 2019 and to provide another round of lending to banks at low...

A very dovish tone from the ECB today removes key driver for EUR/USD upside As a result we lower our EUR/USD and EUR/CHF forecast profiles markedly We now see very limited upside in EUR/USD and...

A terrific session where all eyes were on the euro as the ECB took centre stage with their rate decison and associated conference, and as we had forecast, the ECB gave the single currency a healthy...

Stocks are poised to have their worst trading week of the year as global growth concerns outweigh the recent wrath of dovishness from central banks. This morning the ECB’s dovish message took...

Equities sagged and the U.S. dollar surged overnight as the European Central Bank (ECB) spooked global markets by releasing the monetary doves instead of the hounds. European and North American...

Good chart from Gary Morrow at “This Week on Wall Street”. On Invesco’s website it’s noted that the top three foreign currency forwards for the UUP (NYSE:UUP) are: Euro:...