Forex Opinion & Analysis

EUR/USD recently broke the daily Rising Wedge which was recently identified by Autochartist. Autochartist rates the quality of this Rising Wedge at the 9-bar level – which is the result of the...

GBP/USD faces further bear pressure as it weakens further on the back of its Thursday sell off. Resistance stands at the 1.3100 with a turn above here allowing for more strength to build up towards...

EUR/SEK edged south yesterday, breaking below the 10.3100 barrier, which had provided good support since the 20th of September. The rate continues to trade below the tentative downtrend line taken...

The GBP / USD was still unable to break through the key resistance level 1.3285 (EMA200, EMA144 on the daily chart) and again declining, returning to the global downtrend. The Brexit theme remains...

Financial markets were able to turn to growth on Thursday afternoon. Futures on S&P 500 added 0.4% over the past 24 hours. The shares of the largest companies in China A50 Futures add up to 2%,...

EUR/USD is down slightly in the Friday session, after sharp losses on Thursday. Currently, the pair is trading at 1.1622, down 0.16% on the day. In economic news, German unemployment change plunged by...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6128; (P) 1.6170; (R1) 1.6196; Intraday bias in EUR/AUD is mildly on the downside for 1.6051. Correction from 1.6353 is still in progress and would likely...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.3010; (P) 1.3046; (R1) 1.3077; USD/CAD formed a temporary after hitting 1.3081 and intraday bias is turned neutral first. Further rally is expected as long as...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9685; (P) 0.9734; (R1) 0.9822; USD/CHF rises to as high as 0.9782 so far today as rebound from 0.9541 extends. Intraday bias stays on the upside for 0.9866...

The US Dollar had its best trading day in September, following the decision by the US Federal Reserve to raise interest rates and given the robust state of the US economy. Despite the strength of the...

Fed-fever swept through currency markets yesterday to not only push the US dollar index (DXY) up to a three-week high, but also suggest a cycle low could be in place. We can see on the daily chart...

It is a surprise to envisage that September looks set to conclude with increasing optimism that the Turkish Lira could be about to turn a corner. The Lira has rebounded against the Dollar considerably...

Yesterday managed to follow my outlook for dollar gains. Some pairs are looking good for a reversal lower in the dollar but others may hang around for a while and later catch up before slipping...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Dollar bulls are back in control thanks to strong US data and a recovery in yields. According to the latest GDP report, the US...