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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

AUD/USD Forecast May 15-19

AUD/USD posted small losses last week, closing just below the 0.74 line. This week’s key events are the RBA’s policy minutes and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In the US, President ...

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GBP: to 1.37 or to the downside? Two opinions

Pound/dollar retreated from the highs as the Bank of England was relatively dovish, expecting little from the economy despite assumptions for a smooth Brexit. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: GBP: 3 Reasons ...

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EUR/USD Forecast May 15-19 2017

EUR/USD took Macron’s victory with a stride, having priced in the election from the outset. GDP and inflation data stand out in the third week of May. Here is an outlook for the highlights of this week and an updated technical analysis ...

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Forex Weekly Outlook – May 15-19 2017

The second week of May saw the dollar gaining ground against many currencies despite a political controversy. A mix of events awaits us now: GDP from Japan, jobs from Australia, and housing data from the US. Here are the big ...

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EUR/USD – Has it Peaked at 1.10? (Video)

A strong rally over the last month has seen EURUSD come close to breaking and holding above 1.10 for the first time since November last year. Having failed to hold above earlier in the week, the pair is showing signs ...

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US consumer confidence beats with 97.7

The University of Michigan’s preliminary consumer confidence measure for May 2017 was expected to remain unchanged at 97 points. The conditions component stood at 112.7 and the Expectations one at 87. Earlier, inflation and retail sales data fell short of ...

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Elliott Wave Analysis: AUDUSD and EURGBP

AUDUSD Aussie is on the rise following a completed five wave decline to 0.7330 on May 09. The reason for a this new recovery is a recently broken channel line with sub-wave A and then also that same trendline turned ...

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