Forex Opinion & Analysis

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...

On USD/CHF we have seen a very strong turning point last week from 0.9442 where we see pair made a low, which means it completed wave 5) of an ending diagonal placed in wave C-circled. Reason for a...

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...

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...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.43% against the USD and closed at 1.1421. In the US, mortgage applications rose 0.4% in the week ended 06 May 2016, its first increase...

The Australian dollar has been under pressure of late as a combination of a weakly performing economy and significant monetary divergence has seen the pair trading at significantly depressed levels....

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.In the next 24 hours, FX traders will turn their focus to the British pound because Thursday’s Bank of England monetary...

This article aims to provide price forecasts for currency exchange rates for June 01, 2016. 13 major currency pairs have been selected for forecasting. The table below shows the monthly currency...

Weak rally on 60-minute EUR/USD chart up from measured move targets. The correction down from the wedge top on the daily and weekly charts continued yesterday, but it has lost momentum. The odds were...

Daily FX Wrap: More GBP weakness attempted post UK manufacturing, but well contained ahead of BoE/QIR. Crude draw (DoE) giving CAD some n/t relief.After the early action in GBP, there was very little...

No change on EUR/AUD since yesterday; we are still waiting on a deeper A-B-C retracement of a higher degree back to one of the supports, 1.5131 is first one and other one is at 1.4935. Ideally we will...