Forex Opinion & Analysis

Forex News and EventsEasing on both sides (by Arnaud Masset) Even though the UK’s decision to leave the European Union created a period uncertainty from both economic and political point of...

The cable entered the week strongly under pressure as continued selling post-Brexit was still evident on Monday. Subsequently, the pair was under pressure early but eventually recovered somewhat...

Trading opportunities for currency pair:after the Brexit, the USD/SEK switched into a correctional phase. I reckon that it will continue until August and the rate will not surpass the 8.7451 maximum....

Australia: hung parliament unlikely to hang onto AAA rating?On Saturday, Australia joined the long list of countries currently undergoing major political uncertainty. The Australian election results...

The EUR/USD is consolidating within a bearish pennant after a drop caused by Brexit price action. Traders should pay attention to 2 POCs and a possible X cross breakout just below the pennant. POC1...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.23; (P) 136.44; (R1) 137.14; Intraday bias in GBP/JPY stays neutral for consolidation above 133.23 temporary low. Upside of recovery should be limited by...

Sterling supported by hints of fiscal stimulus from George OsborneGeorge Osborne’s declaration that the UK is still ‘open for business’ seems at odds with his pre-referendum warnings...

The U.S. dollar eased against its major counterparts on Friday, amid fading expectations of a Federal Reserve rate hike in the next couple of months and as markets continued to evaluate the...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.62% against the USD to close at 0.7492. LME Copper prices declined 0.90% or $43.5 /MT to $4783.5 /MT. Aluminium prices rose 0.61% or $10.0 /MT to...

Last week the British pound consolidated versus the US dollar after a big selloff in the previous week.GBP/USD failed to settle above 1.3500 and didn’t close the gap. The problem is that the...

For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CAD to close at 1.2908. In the Asian session, at GMT0300, the pair is trading at 1.2898, with the USD trading 0.08% lower against the...

For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CHF and closed at 0.9732. In economic news, Switzerland’s real retail sales fell 1.6% YoY in May, following a revised 2.2% drop...

For the 24 hours to 23:00 GMT, the USD weakened 0.58% against the JPY and closed at 102.55. In economic news, Japan’s consumer confidence index advanced above expectations to a five-month high...

For the 24 hours to 23:00 GMT, the GBP fell 0.23% against the USD and closed at 1.3283. In economic news, UK’s Markit manufacturing PMI unexpectedly rose to a level of 52.1 in June, notching...