Forex Opinion & Analysis

Quick TakeBy analyzing today's currency pairs, I am left with the impression that swing/day traders may be able to find some solid opportunities in markets that appear to be overstretched in the...

Daily FX Market Roundup February 21, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Thursday's biggest story in the FX market was the sharp reversal and big declines in the...

GBP/USD is steady in the Thursday session, continuing the trend seen on Wednesday. In North American trade, the pair is trading at 1.3051, unchanged on the day. In economic news, the U.K posted a rare...

The EUR/USD daily Forex chart sold off strongly to the bottom of the 4-month trading range. Since trading ranges resist breaking out, the odds favor a bull leg in the trading range. The chart has...

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...

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...

EUR/NZD traded higher today, breaking above the 1.6577 barrier, a move that signaled the completion of a short-term inverted head and shoulders formation. Then, the rate continued drifting higher,...

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...

USDJPY closed around 110.75 in the US session Wednesday, edged up by almost +0.12%, but it jumped from the session low of 110.53 to a high of 110.95 on less dovish FOMC minutes as the Fed may only...

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 –...