Currency Forecast

Gold still shows weakness to withhold the 1260 level with consistent failure as market and traders are psychologically programmed to abandon the 1260+ position. Technically, through out 2017, gold...

GBP/USD has entered the fourth consolidative trading session and been confined within 116-pips price action. The pair dipped yesterday to 1.2927 low as US Dollar Index showed some strength with 97.36...

Originally published by AxiTrader1.3050, or there about, is the 38.2% retracement of the pre-Brexit high and the post-October flash-crash low. It was mine, and clearly plenty of other trader's target...

Originally published by AxiTraderThere is no other way to characterise the Australian dollar's performance in the last 24 hours other that strong. That's because the Moody's downgrade of Australia's...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The Federal Reserve minutes failed to inspire additional gains in the U.S. dollar on Tuesday, which isn’t surprising as we...

US Fed will meet this after noon 6:00 PM GMT and market should pay close attention to words and details. Based on that, you can know how market will head and trade. The easiest way if to see how US...

Originally published by guppytraders.comWe had high hopes for the dollar and we were wrong. We expected support near $0.99 to hold. Instead it has failed so our next task is to use the dollar index...

Originally published by AxiTraderThe Australian dollar traded to a high of 0.7516 overnight before being chased back to a low of 0.7470 as the US dollar got its mojo back knocking the euro for six and...

The hardest obstacle facing gold bullish with extension is today's high resistance located at 1263.80 and 1265. A resistance door which gold has knocked several times in the past two months with...

Yesterday. GBP/USD bullish momentum with a high 1.3034 supported by soft US dollar tone was tanked by terrorist attack on the UK, tripping and erasing the daily +78-pips market action. The pair failed...

EUR/USD sustained the bullish momentum for 30 consecutive days, trading with +100-pips above its daily 7-EMA, and clocked a 1.1263 high yesterday, a peek the pair has not witnessed since Oct-2016. On...

Originally published by AxiTraderThe election of President Trump as US president has been a game changer on many political conversations across the globe. Whether it is America First, trade relations,...

Originally published by AxiTraderThe drivers of the Australian dollar are not fixed. That is to say that there are clear indicators of value and direction traders and investors watch. But from time to...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.1.15. There's no shortage of reasons to explain EUR/USD's strength ranging from stronger Eurozone data, disappointing U.S. data...