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Forex Analysis

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Forex Analysis Headlines

UK wages rise to 2.2% – GBP/USD follows

The UK was expected to report a small rise in the number of jobless claims: 1,000 people in September, after a drop of 2,800 in August. Average hourly earnings carried expectations for remaining unchanged at 2.1% in August. Wages excluding ...

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Draghi does not lift the euro

One week ahead of the all-important ECB meeting, President Mario Draghi delivers opening remarks at the ECB conference in Frankfurt. EUR/USD was trading in a narrow range of only 33 pips ahead of the speech, and it seems he is ...

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EUR/USD in a “buy the dips” mode?

EUR/USD is stuck in range, in the middle of the 1.17 handle. What’s next? Here are three opinions, which lean towards buying the dips. Here is their view, courtesy of eFXnews: EUR/USD: Where To Buy Dips? – SocGen Societe Generale ...

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Elliott Wave Analysis: USDNOK and S&P500 Update

Good day traders! Today, let’s look at USDNOK and S&P500. USDNOK looks very interesting, as it has a very clear wave structure; bigger three waves up followed by a bearish turn back to the channel support line, so we labeled ...

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EUR/USD and DAX at crossroads

EURUSD Intraday Analysis Between Support and Resistance EURUSD seems to be locked between support and resistance. Price is currently playing with the imminent support level at 1.1780. There are two possible scenarios here. Scenario 1 Price rejects this level and ...

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