Forex Opinion & Analysis

The AUD/USD currency pair shows a steady downward trend. Since the beginning of this month, the Australian dollar has weakened against the US dollar by more than 2%. Ozzie is currently testing monthly...

The Fed's messages are a powerful driver for the U.S. dollar. The market's initial dovish interpretation of the Fed's 'patience' with further rate hikes and 'flexibility' regarding balance sheet...

There has been a decent fall in the AUD/USD pair after it hit the critical resistance level at 0.81219. From that level, the pair started its bearish rally and lead toward the critical support level...

MyFXspot.com trade ideas:EUR/USD: buy at 1.1320, take profit at 1.1470, stop-loss 1.1255 USD/CAD: short at 1.3350, take profit at 1.3010, stop-loss 1.3485 XAG/USD: long at 15.50, take profit at 16.50,...

The central bank may continue normalizing its monetary policyA split inside the Fed and unexpected information about potential return of the Fed’s policy course if the uncertainty settles down...

GBP/JPY Bullish: Currently, we are at 144.71 and in consolidation in a flag pattern. We are looking for a breakout of the flag and then the continuation to the 1.618 Fibonacci at 146.37. The overall...

Markets Cheer Trade News Talks Global markets demand for risky assets persists due to hopes for trade negotiations progress and confirmation of the Fed's soft position. Sources close to the...

The euro reacted sluggishly to the publication of the German manufacturing and services PMIs at the beginning of the European session on Thursday. In February, the manufacturing PMI fell to 47.6 vs...

FOMC Minutes from yesterday gave the boost to the USD but the movement was not very volatile. Minutes stopped being a Tier 1 data quite some time ago. Now, markets have other issues to be worried...

CAD/JPY continues to rise inside the 15-minute Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the -bar level –...

The capitalization of positions of CFE-accountable participants of the CME Group (NASDAQ:CME) on derivatives for the Canadian dollar increased by 1%. The total capitalization of derivative markets for...

Australian dollar spikes to two-week highAustralia added the most full-time jobs since June 2017 last month, today’s employment report showed. The loss of 26.3k part-time resulted in a net gain...

It took most of the day to finally reach targets. USD/JPY was first, breaking above a Wave x while the other three still took time to wriggle and walk to find their own Wave v. So, now we have the joy...

The EUR/USD daily Forex chart rallied for 4 days from a micro wedge bottom. Because the wedge is at the bottom of a 4-month trading range, this could be the start of a bull leg that could last several...