Forex Opinion & Analysis

The Japanese yen posted sharp losses on Thursday as USD/JPY trades slightly below the 106 level. The markets are nervously keeping tabs on the Brexit vote in the UK. On the release front, Japanese...

Market Drivers June 23, 2016 UK Voting begins High yielders rally Nikkei 0.48% Dax 1.70% Oil $50/bbl Gold $1269/oz. Europe and AsiaEUR: EZ Flash PMI Man 52.6 vs. 51.4EUR: EZ Flash PMI Svc 52.4 vs....

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.77; (P) 153.67; (R1) 154.50; Intraday bias in GBP/JPY remains mildly on the upside for the moment. As short term bottom was formed at 145.38 and rebound...

The dollar remained lower against the other major currencies on Wednesday, after the release of positive U.S. new home sales data, as investors prepared for the British vote on a potential exit from...

Thursday June 23: Five things the markets are talking about The long wait is over. Voting stations are open and UK citizens go to the polls to decide whether they want to be apart of the EU or go it...

As practice has shown, wave 4 can take several complex structures, such as double and triple 3s and A-B-C-D-E triangles. In GBP/USD, we can observe a complex 3-3-5 corrective pattern taking...

EUR/USD is higher on Thursday, posting strong gains for a second straight session. The pair is trading slightly blow the 1.14 line. It’s Brexit day, as Britons are voting whether to remain part...

AUD/USD is trading above 0.7550 after recovering from the bottom at 0.7144 registered on May 24th. A rally of more than 400 pips is surely making the bears nervous, especially following the sharp...

GBP/USDThe bullish trend continued pushing up the pound against the US dollar as expected; moreover, trading stabilized above the 1.4740 level; and stability above this level may be a reason for an...

EUR/NZD continues to fall inside the 15-minute Descending Triangle chart pattern, which was recently identified by Autochartist. The Quality of this chart pattern is rated by Autochartist at the 6-bar...

Sterling is trading at highest level in 2016 above 1.48 against the US dollar, when it’s supposed to be at brink of a collapse due to the possibility that Britons may decide to exit the EU. This...

GBP/USD: Here Comes Brexit Referendum - Liquidity Is Thin, Volatility May Be HugeBrexit polling is taking place between 6:00-21:00 GMT today, with the results expected early on Friday. The campaign to...

EUR/USDPrevious: Expectations for yesterday’s bottom rang true. The euro/dollar restored from a 1.1236 minimum to 1.1337 (1.1316 target). The euro/dollar and pound/dollar lifted before results...