Forex Opinion & Analysis

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

The EUR/USD recovered ahead of US retail sales dataThe EUR/USD notched higher this morning to trade above 1.1400 zone waiting to bounce back at the 1.1445 initial resistance level. The FX pairs are...

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...

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...

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...

A number of indicators are signalling that the EUR/CHF’s strength is faltering as the pair moves to test the February high. Specifically, the emergence of a Bearish Bat pattern, a possible...

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....