Forex Opinion & Analysis

The EUR/USD daily Forex chart rallied from a failed breakout below the June 3 bull breakout. It is forming a double bottom with that low. The 240 minute chart is rallying from a wedge bull flag that...

Oil may slump on BrexitBrent crude lost 4% last week. Many market participants believe the Brexit on June 23 may push oil prices to $40 a barrel. Will oil retreat?US WTI hit an 11-month high last week...

The EUR/USD and most forex pairs opened with a gap on early Monday. Equities spiked higher as the market has temporarily dismissed the fear of Brexit as the latest Bloomberg reports reduced the Brexit...

USD/CADCurrently we are 1.2008 in a nice range and in a breakout of the channel to the upside. We are looking for continuation to the 0.214 Fibo at 1.2769 with a further target down to the Range...

The Japanese yen is almost unchanged on Monday, following gains in the Friday session. The pair is trading at 104.50. On the release front, it’s a quiet start to the trading week. Japan’s...

Monday June 20: Five things the markets are talking about. With Britain going to the polls Thursday (June 23) to vote on its European Union membership is just one of several significant events this...

EUR/USDEUR/USD rose and stabilized above 1.1355 level, and this may be a reason for an extension of the upside wave. However, the extension of the upside wave will depend on the ability to achieve...

Market Drivers June 20, 2016 Cable through 1.4600 on change in polls over the weekend Kuroda – we are halfway to 2% inflation Nikkei 2.34% Dax 3.25% Oil $49/bbl Gold $1290/oz. Europe and...

This week is the most important week of the year with Thursday's U.K. referendum paving the way for new trends in the market. The British pound jumped to fresh highs on eased concerns about the Brexit...

Trading Themes: June FOMC failed to reassure USD bulls that a rate-hike is still likely in the coming months. Citing global risks from Brexit and mixed economic data the Fed kept rates on hold in June...

London Forex Report: Brexit continues to be the main underlying market influence, overshadowing a bag of mixed economic data flow. Contrary to recent firmness seen in the US housing, housing starts...

As expected, USD/JPY hit new lows recently withing red wave 5) that has an extended leg down from a fourth wave 4) triangle, so we think that pair can be making a final wave of a decline that may look...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.25; (P) 149.08; (R1) 150.25; GBP/JPY recovers strongly today. But at this point, we'd still expect resistance from 152.93 to limit upside and bring fall...

Coming down to itThere is really only one show in town this week but you probably didn’t need me to tell you that. Three more days of campaigning and 30 million odd votes cast on Thursday will...