Forex Opinion & Analysis

On the 1h chart of CAD/JPY, we are observing a nice impulsive higher degree sequence taking place, with price specifically trading in one of its sub-waves. We are talking about blue sub-wave three...

EUR/USD has edged lower on Wednesday, as the pair trades at the 1.06 line. On the release front, it’s a busy day after a slow start to the week. German Manufacturing PMI dipped to 54.4, slightly...

EUR/CHFToday’s support: - 1.0732, 1.0720 and 1.0711 (main), where correction is possible. Break would give 1.0704, where correction also may be. Then follows 1.0681. Break of the latter would...

With the Fed funds rate hike probability now assigning a full 100% probability for a rate hike in December, today's FOMC meeting minutes could be a non-event. After various Fed member speeches post US...

Trading across all asset classes has been subdued in Asia today with a holiday in Tokyo and ahead of Thanksgiving in the United States.The market continues to catch its breath after an exciting two...

For the 24 hours to 23:00 GMT, the AUD rose 0.49% against the USD and closed at 0.7401. LME Copper prices rose 1.49% or $82.5/MT to $5618.0/MT. Aluminium prices rose 0.75% or $13.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 1.0109. Macroeconomic data indicated that, Switzerland’s trade surplus narrowed more-than-expected to a level of...

For the 24 hours to 23:00 GMT, the USD rose 0.29% against the JPY and closed at 111.11. In the Asian session, at GMT0400, the pair is trading at 111.02, with the USD trading 0.08% lower against the...

For the 24 hours to 23:00 GMT, the EUR declined 0.1% against the USD and closed at 1.0625. In economic news, Euro-zone’s flash consumer confidence index improved more-than-expected to a level...

GBP/JPY Daily OutlookDaily Pivots: (S1) 137.48; (P) 138.15; (R1) 138.70; A temporary top is in place at 138.85 after hitting 138.81 key resistance. Intraday bias is turned neutral first. Focus stays...

Key Points: A bearish channel should make itself felt this week. Stochastics could finally come back into play. Bollinger Bands suggest that an upside breakout is currently unlikely. The GBP/CHF could...

Holiday Induced Consolidation With the USD consolidation of sorts and the U.S. 10-Year stabilizing around 2.31-32% as the global bond market sell-off abates, G-10 traders’ attention was diverted...

USD/JPY INTRADAY CHART BIAS: While 110.65-75 supports we should see gains towards 111.20-24 and later 111.35 Resistance: 111.17-24 111.35 111.52 111.88Support: 110.65-75 110.41-50 110.10-15...