Forex Opinion & Analysis

Previous:On Tuesday the euro closed down. After a break in the support at 1.1330, the rate fell to 1.1302. From here a rebound was expected. Before the ECB’s Draghi spoke, the sellers chased the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.08; (P) 153.22; (R1) 154.62; Intraday bias in GBP/JPY remains mildly on the upside for the moment. As short term bottom was formed at 145.38 and rebound...

For the 24 hours to 23:00 GMT, the AUD marginally weakened against the USD to close at 0.7451. LME Copper prices rose 0.04% or $2.0/MT to $4587.0/MT. Aluminium prices rose 1.00% or $16.0/MT to...

For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD to close at 1.2803. In the Asian session, at GMT0300, the pair is trading at 1.2793, with the USD trading 0.08% lower against...

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9624. In economic news, Switzerland’s trade surplus widened to a three-month high level of CHF3.79 billion in...

For the 24 hours to 23:00 GMT, the USD strengthened 0.76% against the JPY and closed at 104.67. In the Asian session, at GMT0300, the pair is trading at 104.46, with the USD trading 0.2% lower...

For the 24 hours to 23:00 GMT, the EUR declined 0.50% against the USD and closed at 1.1255. In economic news, the Euro-zone economic sentiment index unexpectedly rose to a level of 20.2 in June,...

AUD/USDShort term Elliottwave structure suggests rally to 0.7504 ended wave ((w)), and pullback to 0.7283 ended wave ((x)). As pair already breaks above 0.7504, it has resumed the next leg higher in...

For those who follow exotics, the EUR/JPY could be poised to rally strongly in the next few days and could, therefore, be worth keeping an eye on. Specifically, the pair has a number of technicals...

There are some headlines doing the rounds on an online poll conducted by SurveyMonkey, showing a 48%/49% lead for a Brexit.Back and forwards the polls swing, but the bookmakers odds continue to go one...

EUR/JPY INTRADAY CHART BIAS: I suspect we're looking at a triangle - but take care Resistance: 117.75 118.24-45 118.68 119.00-13Support: 117.40-45 117.30 116.89 116.20-50 MAIN ANALYSIS: Price is...

Tomorrow, tomorrow is just a day away… and I’ll be glad when it’s all over.However, yesterday saw some minor breaks that have caused some problems. Both GBP/USD and AUD/USD made new...

More pre UK referendum volatility and once again we see gains for GBP as the cable rate pushes to new highs seen since the public vote was announced. 1.4780 achieved, while EUR/GBP has been pushed...

USD/CHF is still trading in the corrective phase and we still see lower levels ahead. It is possible that we will see one more push up to resistance levels around 0.9660 for the black wave 2 highs and...