Forex Opinion & Analysis

The EUR/USD formed a possible second leg down following last week’s bull trap. The Bears did a good job getting follow-through selling yesterday. However, today will likely disappoint the bears...

GBP/JPY is currently at 184.85 after a corrective move. If we can break support at this level, we can expect a continuation to the ATR target at 184.17 with further potential downside. It's important...

Bank of Canada expected to hold rates at 5.0% US to release ISM Services PMI USD/CAD is trading quietly in Europe at 1.3651, up 0.06%. I expect to see stronger movement in the North American session,...

Australian GDP unchanged at 0.4% RBA holds rates at 4.10% AUD/USD edged higher on Wednesday, after sustaining sharp losses a day earlier. In the European session, AUD/USD is trading at 0.6391, up...

If the beleaguered euro and yen did not have enough to worry about already, they now have to cope with Brent oil trading above $90/bl as the Saudis extend their supply cuts through to year-end. Unless...

Business activity in the UK is losing ground, as is the case in Europe and China, although the final reading for August saw the services PMI rise to 49.5 from the first estimate of 48.7. According to...

Bearish sentiment is prevailing for EUR/JPY, which is currently trading at 158.07 following a corrective move. If the support level here is broken, we anticipate a continuation to the ATR Target at...

Swiss GDP stagnates in Q2 Manufacturing, exports decline The USD/CHF is in negative territory on Tuesday. In the European session, USD/CHF is trading at 0.8884, up 0.44%. The Swissie has lost over 1%...

Last week, the US Dollar Index (DXY) completed its 7th consecutive weekly gain. It was the longest string of uninterrupted weekly gains since autumn 2014. I mentioned 2 weeks ago that 2014...

The U.S. dollar is holding steady, with the EUR/USD currency pair hovering around 1.0780 as of Monday. This follows a robust performance by the dollar last Friday, driven by newly-released U.S....

EURUSD has been in a steady decline after peaking at the 18-month high of 1.1275 on July 18, generating a series of lower highs and lower lows. Besides that, the pair has dived beneath its...

"USDJPY is trading in 5th wave, as we see it moving higher within in a five-wave cycle from Elliott wave perspective."The USD finished the week higher NFP number came out strong on...