Forex Opinion & Analysis

USD remains overvalued versus majors MEVA now estimates EUR/USD at 1.27, USD/JPY at 101 and GBP/USD at 1.65. While we see near-term downside potential to EUR/USD in the midst of the risk of a Brexit...

CAD/JPY continues to fall – after the recent breakout of the Rising Wedge chart pattern which was previously identified by Autochartist on the hourly charts. The overall Quality for this chart...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.39% against the USD to close at 0.7452. LME Copper prices rose 1.40% or $63.5/MT to $4585.0/MT. Aluminium prices rose 0.31% or $5.0/MT to...

The euro on Monday closed up against Friday’s close, but down from Asian market opening. The euro strengthened against the dollar to 1.1382 during the Asian session. The dollar weakened due to...

For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CAD to close at 1.2802. In economic news, Canada’s wholesale sales rebounded 0.1% MoM to $54.8 billion in April, its first...

For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9616. In economic news, Switzerland’s total sight deposits rose to a level of CHF496.4 billion for the...

For the 24 hours to 23:00 GMT, the GBP rose 1.33% against the USD and closed at 1.4674, after recent polls showed that support for Britain staying in the European Union strengthened before...

For the 24 hours to 23:00 GMT, the EUR declined 0.08% against the USD and closed at 1.1312, after the Euro-zone’s seasonally adjusted construction output declined 0.2% MoM in April, falling for...

GBP/USD remains trading flat, but price action indicates a near term correction, following the rally yesterday to test the resistance at 1.4668 - 1.46470. The markets look to another day of quiet...

A sense of unease gripped the global markets during trading this week, with anxiety reaching new heights as Brexit jitters triggered a wave of risk aversion consequently souring investor risk...

The Aussie dollar is gearing up for what could be a protracted period of gains as a result of a number of technical indicators. Specifically, a perfect storm of EMA activity, Parabolic SAR readings,...

The month of June has been relatively unkind to the dollar-yen as the pair has continued to decline sharply in the face of a surprisingly dovish US Federal Reserve. Subsequently, the currency pair is...

With the sudden interjection of uncertainty halting the surge in Brexit odds since the unfortunate attack on British MP Jo Cox last week, the financial world has benefited from the pound’s...