Forex Opinion & Analysis

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.5992; (P) 1.6045; (R1) 1.6079; EUR/AUD recovers strongly today but for now there is no confirmation of short term reversal yet. Correction from 1.6353 could...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2773; (P) 1.2824; (R1) 1.2867; Intraday bias in USD/CAD remains on the downside for the moment. Fall from 1.3385 is in progress and would target next...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.74; (P) 113.93; (R1) 114.16; A temporary top is in place at 114.05 in USD/JPY with today’s retreat. Intraday bias is turned neutral first. Some...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3001; (P) 1.3051; (R1) 1.3091; Intraday bias in GBP/USD remains neutral for consolidation above 1.2999 temporary top. Overall, near term outlook remains...

We try to avoid writing about the same currency pair two trading days in a row, but occasionally big new developments make it impossible to avoid.That’s definitely the case when it comes to...

The lesson from the weekend drama was that deals can come together in a heartbeat and that deep pessimism might be the time to buy. The Canadian dollar was the top performer Monday while the yen...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The big story in the FX market was the U.S.-Canada trade deal. In the eleventh hour, the 2 neighboring countries managed to...

The pound stopped its aggressive decline on Monday, with the pair is trying to recover its ground and find a bottom in the 1.30 area. The latest relief came from surprisingly strong UK PMI data. The...

We are staring a new month and the final quarter of 2018. Will there be new trends at the currency market? Let’s see what trading opportunities await us during the next few days.What lies ahead...

GBP/JPY aims at key resistance located at 149.71 level. This is coming on the back of its intra day strength during Monday trading session today. On the downside, support comes in at the 148.50 level...

The strengthening of the US dollar on Friday continued, which is a consequence of unchanged position for further tightening of monetary policy demonstrated by the Federal Reserve System at its last...

The EUR/USD daily Forex chart sold off sharply last week. But, after September’s strong reversal up, the odds favor a higher low around the September 10 low and 1.15. While last week’s...

Until Italy’s political situation stabilizes, it is too early to hope for EUR/USD price rise.Fear makes the wolf bigger than he is. People are likely to overestimate the results of certain...

Oil traders reached another middle-term buy target [73.86 – 73.55]. Oil price may be corrected nowWTIAt the end of last week, another buy target was reached in the middle-term uptrend, Target...