Forex Opinion & Analysis

Market BriefOvernight, the Japanese yen was the best performer among the G10 complex. The JPY surged roughly 0.49% against the USD dollar amid better-than-expected inflation figures and Tankan report....

Forex News and EventsSwiss economy under constant pressure (by Arnaud Masset) Switzerland’s real retail sales fell 1.6%y/y in May, while previous month’s figure was downwardly revised to...

The Canadian dollar is showing little movement in the Friday session, continuing the trend seen on Thursday. USD/CAD is trading slightly above the 1.29 line. On Thursday, Canadian GDP posted a small...

Autochartist recently identified the breakout of the 4-hour Key Resistance level on the NZD/USD charts. The length of this Resistance level is equal to 75 candles. Autochartist measures the...

The dollar held onto gains against the other major currencies on Thursday, after data showed that manufacturing activity in the Chicago area returned to expansion in June, while markets continued to...

For the 24 hours to 23:00 GMT, the AUD remained flat against the USD and closed at 0.7446. LME Copper prices rose 1.0% or $47.0/MT to $4827.0/MT. Aluminium prices rose 1.3% or $21.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CHF and closed at 0.9764. The Swiss Franc gained ground, after Switzerland’s KOF leading indicator rose to a level of 102.4 in...

For the 24 hours to 23:00 GMT, the USD strengthened 0.28% against the JPY and closed at 103.15. In economic news, Japan’s housing starts rose 9.8% YoY in May, higher than market expectations...

For the 24 hours to 23:00 GMT, the EUR declined 0.21% against the USD and closed at 1.1098, after a Bloomberg report hinted at more European Central Bank (ECB) easing. In economic news, the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.88; (P) 137.36; (R1) 138.83; Intraday bias in GBP/JPY remains neutral for consolidation above 133.23 temporary low. Upside of recovery should be limited by...

AUD/USD has made a nice impulsive fall from 0.7646 region, where wave 2 might finally completed a complex corrective pullback, known as a double zig-zag. For now price bounced up from the lower side...

The euro is unchanged in the Friday, as EUR/USD continues to hug the 1.11 line. It’s an unusually busy Friday, so the markets will have plenty of economic data to digest from the Eurozone and...

The pound dropped back below the 1.33 level against the dollar on Thursday after the Bank of England Governor Mark Carney hinted at a summer rate cut. In a live broadcast, Carney told reporters...

The British pound fell yesterday evening sharply after comments of rate cuts and QE from BoE’s Carney. The euro also came under pressure giving back some of the gains made from earlier this...