Forex Opinion & Analysis

Autochartist recently identified the extended Key Resistance level 0.7670 (of the type Approach) on the AUD/USD charts. The length of this Resistance level is measured at 294 candles. The Significance...

The dollar fell lower against the other major currencies on Monday, as investors remained cautious amid ongoing uncertainty over the global effects of the Brexit vote. The sterling remained close to...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.47% against the USD to close at 0.7531. LME Copper prices rose 2.85% or $136.5/MT to $4920.0/MT. Aluminium prices rose 0.49% or $8.0/MT to...

Market Drivers Comm dollars lead FX UK PMI beats Nikkei 0.68% DAX 0.40% Oil $49/bbl Gold $1337/oz. Europe and AsiaCNY: PMI 50 vs. 50EUR: EZ PMI 52.8 vs. 52.6GBP: PMI Manufacturing 52.1 vs. 50.1 North...

For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CAD to close at 1.2852. In economic news, Canada’s RBC manufacturing PMI fell to a level of 51.8 in June and notched its...

For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CHF and closed at 0.9707. In economic news, Switzerland’s total sight deposits advanced to a level of CHF507.5 billion for the...

For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.3275. In economic news, UK’s construction PMI fell more-than-expected and ventured into contractionary...

For the 24 hours to 23:00 GMT, the EUR rose 0.11% against the USD and closed at 1.1145, after the Euro-zone’s producer price index (PPI) rebounded above expectations and gained 0.6% MoM in May,...

The Sterling was left vulnerable to losses during trading this week following the dismal UK construction PMI for June which rekindled concerns over a possible slowdown in domestic economic momentum....

EUR/USD is subdued on Tuesday, continuing the lack of movement which we saw in the Monday session. The pair is trading at 1.1140. On the release front, there are no major releases out of the Eurozone...

GBP/USD Main scenario:The pair is trading along an sideways trend between support 1.3220 and resistance 1.3335.An uptrend will start as soon, as the pair rises above resistance level 1.3335, which...

EUR/JPY Daily OutlookDaily Pivots: (S1) 114.03; (P) 114.27; (R1) 114.58; Intraday bias in EUR/JPY remains neutral for the moment. We'd continue to expected 115.49 to limit upside and bring fall...

The yen headed higher on Tuesday as risk-off trading put the Japanese currency back in demand. Uncertainty about the outlook of the global economy following Britain’s decision to leave the EU,...