Forex Opinion & Analysis

Risk off mood saw the JPY surging across the board. AUD suffered despite strong GDP overnight, while GBP selling continued as we enter June.A sudden turn in risk sentiment prompted a surge in the JPY,...

Pound scareThe biggest mover of the past few sessions in the foreign exchange market has been the British pound. While polls had until recently been showing an increasing double-digit lead for the...

Tree waves down on USD/CHF from recent high can be just another correction within uptrend that can cause a continuation towards highly anticipated 1.0000 psychological level. It has similar wave...

The 240 minute EUR/USD Forex chart formed a higher low major trend reversal in a broad bear channel. The bulls need to break above the May 26 lower high to end the bear trend. The daily chart of the...

NZD/USD posted gains on Wednesday, as the pair trades slightly above the 0.68 line in the North American session. The New Zealand dollar has enjoyed a good week, climbing about 130 points against the...

The British Pound has continued to fall down the charts during trading on Wednesday as a result of the markets becoming concerned regarding the upcoming EU referendum and the significant risks that...

GBP/USD: With the pair seen extending its weakness, more decline is expected. On the downside, support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down,...

The Australian dollar has posted gains on Wednesday, as the pair trades at 0.7270. The currency moved higher as Australian GDP climbed 1.1%, well above expectations. Later in the day, Australia...

GBP/USDCurrently we are 1.4450 on a strong support. We are looking for continuation to the 0.618 Fibo @ 1.4299 with a further target @ 1.4200 IF we can break this support. The average daily true range...

The U.S. dollar was mostly flat against a basket of major currencies on Tuesday, after U.S. economic data failed to support expectations for a June or July Federal Reserve interest rate hike.The...

It had been a quiet start to the week for USD/JPY, but that ended on Wednesday, as the pair has posted sharp losses. USD/JPY is trading at 109.40. The yen has jumped as Japanese Capital Spending...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.68% against the USD to close at 0.7235. LME Copper prices declined 0.54% or $25.5/MT to $4700.0/MT. Aluminium prices declined 0.26% or $4.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD to close at 1.3078. The Canadian dollar lost ground, after Canada’s GDP declined more-than-expected by 0.2% MoM in March,...

For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CHF and closed at 0.9930. In the Asian session, at GMT0300, the pair is trading at 0.9938, with the USD trading 0.08% higher from...