Forex Opinion & Analysis

The British pound is completing a megaphone bottom (red) within a larger megaphone (blue on chart). It is likely to form an inverse head and shoulders (H&S) or smaller megaphone bottom here before...

The New Zealand dollar has posted considerable gains on Thursday, trading above the 0.72 level early in North American session. The markets are nervously keeping tabs as Britons votes in the Brexit...

Brexit a surprise for UK stocksFTSE 100 stock market index declined on Friday having opened with a sharp gap lower after the referendum results showed Britons voted for leaving the European Union. The...

The Australian dollar has posted slight losses on Monday following sharp losses in the Friday session. AUD/USD is trading at the 0.74 line at early in the North American session. The Aussie lost close...

New York Forex Report: Britain will continue to have access to the European Union’s single market despite voting to leave the bloc, leading Brexit campaigner and favourite to become the...

USD/CADCurrently we are at 1.3031 trying to break out of the strong resistance. If successful, we are looking for continuation to the resistance at 1.3147 with a further target up to 1.3212. The...

USD/JPY has posted losses on Monday, continuing the downward trend which marked the Friday session. The pair is trading slightly below the 102 level. The yen posted strong gains to end the week after...

EUR/USDEUR/USD pair is trading in sharp fluctuations around 1.1070 level, and trading below this level presented by 50% Fibonacci correction may be the reason for the extension of the downside move...

Market Drivers for June 27, 2016 Osborne: No emergency budget Japan mulls 10T stimulus Nikkei 2.39% DAX -0.70% Oil $47/bbl Gold $1330/oz. Europe and AsiaNZD: Trade Balance 358M vs. 180M North America...

Market participants are still in a state of shock after the victory for Brexit has shaken the financial markets. The next trading days are therefore likely to be very volatile until the dust has...

London Forex Report: Britain will continue to have access to the European Union’s single market despite voting to leave the bloc, leading Brexit campaigner and favourite to become the...

The euro has steadied on Monday, following sharp losses in the Friday session. EUR/USD is trading at 1.1060. In Spain, the election on Sunday failed to produce a clear winner, as no party mustered a...

The pound plunged on Friday, suffering its largest one-day selloff in recent history; while the dollar and the yen soared as a shock U.K. vote to exit the European Union shook the global markets....

For the 24 hours to 23:00 GMT, the AUD weakened 1.61% against the USD to close at 0.7462. After UK’s decision to leave the European Union was officially announced, the Australian Prime...