Forex Opinion & Analysis

Previous: The euro/dollar on Tuesday closed slightly up. Support for the pair came from a weakening dollar. Traders are continuing to analyse the consequences of Brexit. The euro closed at 1.1063...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.72% against the USD to close at 0.7393. LME Copper prices advanced 1.82% or $85.5/MT to $4777.5/MT. Aluminium prices rose 0.66% or $10.5/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CAD to close at 1.3018. In the Asian session, at GMT0300, the pair is trading at 1.3014, with the USD trading marginally lower...

For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CHF and closed at 0.9810. In the Asian session, at GMT0300, the pair is trading at 0.9796, with the USD trading 0.14% lower against the...

For the 24 hours to 23:00 GMT, the USD strengthened 0.60% against the JPY and closed at 102.60. In the Asian session, at GMT0300, the pair is trading at 102.44, with the USD trading 0.16% lower...

For the 24 hours to 23:00 GMT, the GBP rose 1.02% against the USD and closed at 1.3353. In economic news, UK’s CBI distributive trade survey’s retail sales balance dropped to a level of...

Markets continue to stabilise post-Brexit with global equities and commodities tentatively holding onto gains. A welcome distraction from the Brexit fallout were headlines that Japanese policymakers...

USD/JPY back above 102.00 to test resistance at 102.94/99 as we become overbought short term. Shorts need stops above 103.20 but a break higher sees 102.99/95 working as support to target 103.55/59...

INTRADAY CHART BIAS: We need a pullback before further gains. Resistance: 102.84 102.95-15 103.29-46 103.73-00Support: 102.25 102.10 101.75-85 101.39 MAIN ANALYSIS: So far so good. Momentum is...

USD/CHF: With continued upside pressure seen, more strength is envisaged. On the downside, support lies at the 0.9750 level. A turn below here will open the door for more weakness towards the 0.9700...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. It was your typical turnaround Tuesday in the financial markets. Currencies and equities traded higher across the board at the...

Very little to highlight from Tuesday’s session apart from a turnaround in risk sentiment, which is likely to have been led by some support emerging in GBP.We hit a 1.3118 low in cable in the...

GBP/USD has completed its first five waves up from recent lows. We can count a clear five wave movement to the upside and that is why we now expect a pullback in the a)-b)-c) corrective manner.We will...

Brexit weighs on French stocksFTSE 100 stock market index plunged on Friday having opened with a sharp gap lower after the UK referendum decision to leaving the European Union. The French economy...