Forex Opinion & Analysis

The figures released last Friday on Canada’s Gross Domestic Product confirmed the forecast, with only slight 0.1% growth in April and 1.4% on an annual basis. Such weak growth did not help the...

World stock markets turned red this morning. The drops in Asia and Europe are considerable, with the Nikkei down 1.5% and the Euro50 losing 1.75%. In North America, futures are pointing to a 0.5%...

GBP/USD Open 1.5267 High 1.5305 Low 1.5128 Close 1.5273On Wednesday Pound/Dollar increased strongly with 175 pips. The Cable appreciated from 1.5128 to 1.5305 yesterday, in line with the positive...

The GBP/USD found support yesterday around 1.5130, from where we now labeled the end of an extended black wave 3 followed by a corrective rally in wave 4. Corrections are minimum three wave patterns,...

After breaking below 1.30 yesterday, bears were hoping for a great smorgasbord of bearish feast. The appetizer was highly promising, with price trading as low as 1.292 during early European session...

EUR/USD prods 1.2930 support; risk to key neckline at 1.2800Further expected erosion to reinforce the bearish outside Tuesday to maintain the negative bias evident since the plunge through 1.3178 and...

The USD/JPY pair is trading within the support zone on a 30 minute time frame. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirms that...

Dollar Breakout Stalls Immediately on with Liquidity Drain, NFPs FearWe have entered a dangerous period for trading the US dollar and the FX market. In a unique turn of events, the US capital markets...

AUD/NZD is trading in a downtrend. Next prominent support is at 1.0500. Hence AUD/NZD offers a lot of opportunity to profit on the short trade.Sell AUD/NZD at 1.1747Stop level at 1.2147Target level at...

The EUR/USD (daily chart) has tentatively stalled and fluctuated after having just made a significant breakdown below the major prior support level at 1.3000. This breakdown has been the culmination...

The Australian dollar held losses that took it to the lowest since September 2010 as traders added to bets that the central bank will cut interest rates.Swaps data compiled by Bloomberg show traders...

The Canadian dollar rose from almost a 21-month low as crude oil, the country’s largest, surpassed $100 per barrel on dwindling U.S. supplies and concern political turmoil in Egypt will disrupt...