Forex Opinion & Analysis

Rate decision, statement, economic projections, press conference...That is all history now. The gist of the story is that the USD got weaker and then, eventually stronger. The rise in the value of the...

Despite U.S. President Donald Trump’s dissatisfaction with the Fed’s monetary policy tightening measures, the Fed as expected raised interest rates by 25 basis points to a range of 2-2.25%...

Daily Forex Market Preview, 27/09/2018The markets were seen trading flat through the day in anticipation of the Federal Reserve announcement. As widely expected, the Fed funds rate was hiked by 25...

The dollar gains were limited. EUR/USD baulked the potential for a stronger decline in favour of an expanded flat. GBP/USD managed to complete a triple three and USD/JPY managed a new high but that...

USD/CAD retains bull pressure as it looks for further corrective recovery gain in the days ahead. Support lies at the 1.3000 level where a break will aim at the 1.2950 level. Further down, support...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.5 TakeawaysThe Federal Reserve raised interest rates for the third time this year by 25bp. The U.S. dollar appreciated against...

The EUR/USD daily has a bear body today ahead of today’s FOMC report. yesterday’s bull inside bar created a 3 day ioi breakout mode pattern. The 4-week rally is a parabolic wedge at the...

The markets continue to consolidate at the achieved price levels in anticipation of the outcome of today's meeting of the Federal Reserve. It is not the fact of the projected increase in the interest...

GBP/USD has posted small losses on Wednesday, after recording gains in the past two sessions. Currently, the pair is trading at 1.3169, down 0.10% on the day. In the U.K, a CBI survey showed that...

The main currency pair is waiting for clues from the central bank.The announcement of the results of the FOMC meeting, the presentation of the draft Italian budget and the release of data on European...

Silver buyers closed above 14.29 yesterday. Local trend turned to uptrend.WTI Apparently, the medium-term uptrend for oil has stopped. Buy in case of correction in the zone of [69.54 – 69.23]....

Bearish AUD/USD: Currently we are @ 0.7243. We are looking for a continuation to the 0.214 Fibo @ 0.8875 and then continuing to the former day chart bottom @ 0.7164 area. The average daily true range...

The Canadian dollar is trading sideways in the Wednesday session. Currently, USD/CAD is trading at 1.2957, up 0.04% on the day. On the release front, there are no Canadian events. In the U.S, the...

USD/JPY recently broke the 15-minute Rising Wedge which was recently identified by Autochartist. Autochartist rates the quality of this Rising Wedge at the 6-bar level – which is the result of...