Forex Opinion & Analysis

Today will be a big day for sterling traders with the Bank of England Quarterly Inflation Report, Rate Decision and the speech by BoE Governor Mark Carney. While the BoE is not expected to change its...

CurrenciesEUR/USD – was finally able to move a bit further away of the 1.1375 level as the USD weakened yesterday, but today we see it strengthening again, moving once more towards the support...

USD/CHF: Having the pair continued to hold on to its downside pressure on price failure, further bearishness is expected. On the downside, support lies at the 0.9650 level. A turn below here will open...

The dollar remained broadly lower against most major currencies on Wednesday, as investors continue to lock in profits from the greenback’s recent gains, especially against the yen after Japan...

USD/JPYUSDJPY has been trading within a very narrow range following the sharp ascending actions seen this week. It started to stabilize again above SMA20 with a daily closing, but RSI is flirting...

US Dollar Index back in what seems to be a topping range Original post

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.04; (P) 157.00; (R1) 157.61; The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should be...

The GBP/USD is preparing for a short-term breakout ahead of BOE decisionThe GBP/USD gained momentum after breaking the strong resistance level 1.4460. The GBP/USD is searching for a recovery as it is...

The yen was back in focus today as the Bank of Japan published a summary of opinions of its April policy meeting and Governor Kuroda spoke earlier in the day. The opinions summary of the Bank of...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD marginally weakened against the USD to close at 0.7367. LME Copper prices rose 0.81% or $38.0/MT to $4748.0/MT. Aluminium prices rose 1.13% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CAD to close at 1.2857. In the Asian session, at GMT0300, the pair is trading at 1.2856, with the USD trading...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.50% against the CHF and closed at 0.9708. In the Asian session, at GMT0300, the pair is trading at 0.9706, with the USD trading...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.78% against the JPY and closed at 108.44. In economic news, Japan’s preliminary leading index surprisingly rose to a level of...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.07% against the USD and closed at 1.4436, after UK’s industrial and manufacturing production advanced at a less-than-expected pace...