Forex Opinion & Analysis

The dollar rose to one-month highs against a basket of its major peers on Friday, after stronger-than-expected reports on U.S. retail sales and consumer sentiment soothed investor concerns over the...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.72% against the USD to close at 0.7269. LME Copper prices declined 1.77% or $84.0/MT to $4660.0/MT. Aluminium prices declined 1.04%...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.73% against the CAD to close at 1.2934, after US retail sales advanced more-than-expected in April. In the Asian session, at GMT0300,...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CHF and closed at 0.9744, following the release of robust US retail sales data. In the Asian session, at GMT0300, the...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.27% against the JPY and closed at 108.63. In the Asian session, at GMT0300, the pair is trading at 108.97, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.55% against the USD and closed at 1.4367, after UK’s seasonally adjusted construction output declined more-than-expected by 3.6%...

Market Drivers May 16, 2016 Weekend Chinese Data misses Aussie hits 10 week low then bounces Nikkei 0.33% DAX 0.92% Oil $47/bbl Gold $1283/oz. Europe and AsiaJPY: PPI -4.2% vs. -3.7% North AmericaUSD:...

USD/JPYUSD/JPY has been stopped by SMA50 below 109.60, while RSI 14 also has been stopped by the momentum resistance of 50.00. However, the support of 107.90 could provide support to bears from the...

EUR/USD is unchanged on Monday, as the euro trades slightly above 1.1322. There are no Eurozone releases on the schedule, and German and French markets are closed for a bank holiday. In the US,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.31; (P) 156.48; (R1) 157.07; The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should be...

The AUDUSD gapped lower as Chinese industrial production and retail sales data came weaker than expected to touch 0.7248 low. Year to date figures also missed expectations showing signs of a sluggish...

This week the scorecard recommends buying JPY, SEK and EUR while selling NOK, GBP and CHF.Last week's signals resulted in a 0.3% loss. Next scorecard signals will be sent out 23 May. To read the...

Tue: NZD – RBNZ Rate Decision, Dairy Auctions, AUD – RBA May Meeting Minutes, GBP – CPI, USD – CPI, Industrial and Manufacturing Production Wed: JPY – GDP, GBP –...

Following Thursday’s doji pattern GBP/USD has broken out to the downside near 1.4425 support indicating a move lower in the coming days. Overall, the markets are likely to remain flat today for...