Forex Opinion & Analysis

The Australian dollar took a tumble across the board after today’s GDP miss. Coming in a 2.3% YoY versus 2.5% expected, it takes the 2018 average down to 2.9% and below RBA’s estimate of...

What has the ECB to say?Tomorrow’s ECB meeting could determine the outlook for European rates as markets await the central bank’s views on the recent spate of weaker data. ECB’s...

USD/JPY - EUR/JPY Daily Forecast - March 6, 2019 USD/JPY try shorts on any bounce towards 112.10/20, with stops above 112.50. A break higher targets 112.85. Risks have increased to the downside now so...

GBP/USD - GBP/JPY Daily Forecast - March 6, 2019 GBP/USD bottomed exactly at the next downside target of 1.3095/85. On further losses look for strong support at 1.3050/40. Strong resistance at...

The Bank of Canada will deliver its interest rate “decision” and monetary policy statement in today's morning U.S. session. According to futures markets, traders are not expecting any...

AUD/USD at two-month lowThe Australian economy did not perform as well as expected in the fourth quarter, expanding 2.3% from a year earlier, a marked slowdown from Q3’s revised +2.7% and below...

Daily FX Market Roundup March 6, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset Management.With stocks stabilizing after yesterday’s slide, the US dollar traded higher against all...

The EUR/USD daily Forex chart sold off from a wedge bear flag over the past 4 days. There will typically be at least a small 2nd leg down from a wedge. Therefore, traders will sell the 1st 1 – 3...

USD/CHF Bullish: Currently, we are at 1.0010 in a range and a channel. IF we can break the resistance here, we are looking for the continuation to the 0.214 Fibonacci at 1.0061. The overall target is...

EUR/USD has ticked lower in the Monday session. Currently, the pair is trading at 1.1328, down 0.10% on the day. It’s a busy day in the eurozone, with the focus on services PMI reports. Germany ...

Gold is not slowing down. The breakout from the channel up formation really crashed all the demand here. The sell signal was confirmed, when the price broke the 1304 USD/oz support, which is a crucial...

Enter XAU/USD trades according to the US employment data.Gold price easily climbed up to the target of $1340 per ounce, outlined in the January forecast, and dramatically crashed down. Gold futures...

EUR/USD continues to fall inside the daily Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel chart at the 5-bar level...

The Bank of Canada will be holding its monetary policy meeting this week.Given the recent patch of economic data, it is unlikely that the central bank will be pushing for rate hikes. The OIS money...