Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD rose 1.99% against the JPY and closed at 102.65. On the data front, Japan’s preliminary machine tool orders fell 19.9% YoY in June, compared to a fall of...

For the 24 hours to 23:00 GMT, the GBP rose 0.43% against the USD and closed at 1.2992. Overnight data indicated that, UK’s BRC retail sales monitor across all sectors dropped 0.5% on an annual...

For the 24 hours to 23:00 GMT, the EUR rose 0.1% against the USD and closed at 1.1059. Macroeconomic data indicated that, the US labour market conditions index fell to a level of -1.9 in June,...

AUD/USD tumbled to support at 7533/30 and bottomed 11 pips below. Above 7545 re-targets 7573/75. If we continue higher look for strong resistance at 7595/7600. This is the most important resistance of...

GBP/USD: The pair turned higher on Monday leaving risk to the upside on correction in the days ahead. It was seen heading higher during early trading on Tuesday. On the downside, support lies at the...

Key Highlights • The Aussie dollar traded higher recently against the US dollar, and moved above a couple of important resistance levels.• There is a crucial bullish trend line formed on the...

Daily FX wrap: Early hit on GBP reversed as MP May takes over Tory reins. CAD weakness through 1.3100, but risk-on sees USD/JPY continue towards 103.00.A busy Monday session, with JPY sales dominating...

The Australian dollar is showing limited movement on Monday, following considerable gains on Friday. AUD/USD is trading at 0.7540 in the North American session. On the release front, Australian Home...

The 15 minute EURUSD Forex chart is within a 40 pip tight trading range. Day traders will scalp until there is a strong breakout up or down. Many scalpers will use limit orders and scale in. The...

USD/JPYCurrently we are at 107.53 after a breakout of the prevailing trend. We are looking for a continuation to the 0.618 Fibo at 104.32 with a further target to the old range top at 105.43. The...

The Japanese yen is down sharply on Monday, as USD/JPY has gained 170 points. The pair is trading at 102.40.In economic news, Japan’s governing coalition won a convincing election victory. On...

I happened to notice lots of poking fun at poor old Fibonacci studies this weekend, but I’ll say this: for months now, I’ve had a target of approximately 100 for the USD/JPY based on...

In this week's market analysis, we will look at potential trading opportunities and zones where we should look for Price Action, evidence and potential moves. Pairs and markets analyzed this week:...

London Forex Report: US labour market data in June painted a less gloomy picture; nonfarm payrolls jumped 287k, up from a downwardly revised 11k and bested economists’ estimate of a 180k...