Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the GBP rose 0.58% against the USD and closed at 1.2488, after UK’s net consumer credit surged to an eleven year high of £1.62 billion in October, offering...

For the 24 hours to 23:00 GMT, the EUR rose 0.26% against the USD and closed at 1.0647, after Germany’s consumer price inflation remained steady at a two-year high level of 0.8% YoY in...

A strong feeling of anxiety has gripped the financial markets this week with investor jitters rising as uncertainty over OPEC securing a meaningful freeze deal in today’s Vienna meeting weighs...

The US dollar is king after the third quarter GDP data has been revised up to 3.2% annualized from 2.9%; personal consumption in the US surged to 2.8% quarter-on-quarter from 2.1% previously. In...

Key Points: EMA activity is now highly bullish on shorter timeframe charts. Daily Parabolic SAR is signalling an uptrend could be shaping up. The recent rally seems to be maintaining momentum. The...

INTRADAY CHART BIAS: We should see losses to 110.75-00 for gains to then reach 121.00-20 (over a few days…) Resistance: 119.82 119.97-15 120.51 120.65-75Support: 119.35-45 118.95-00 118.75...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. When the U.S. dollar pulled back on Monday, we said dollar bulls remain in control and on Tuesday they took USD/JPY above 113....

In the Currency Strength table the USD was again the strongest currency, while the EUR was the weakest. The AUD and NZD remain firm having for a long period a similar score. The NZD has now for 6...

The Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: USD(5X) followed by the NZD(2X). The weaker currencies are the EUR(4X)...

Daily FX Wrap: Another USD buying spree, but gains limited despite better than expected US Q3 GDP print. A good day for GBP as Cable tests above 1.2500 again.A lively session in FX, where once again...

Currently we are 84.28 in a channel after breaking out of a pennant. We are looking for a continuation move to the 1.618 Fibo at 85.03 with an overall target this week of 86.00-86.34. The average...

The Japanese yen strengthened yesterday, first on a weaker US dollar, and later on the yen was boosted by positive local data. USD/JPY reversed the bullish cycle as US dollar index plunged 101.18, not...

Gold's performance last week was not up to expectations, as the precious metal plunged to 1170.82 after strong US data, its lowest level since February, bringing its total losses to around $130 per...