Forex Opinion & Analysis

Gold prices moved to $1270 early today as noted in yesterday's daily report. Price action in gold is likely to form a near-term top which could see a much-needed correction start. Meanwhile, GBP/USD...

EUR/NOK correlation to oil will not break down despite the recent fall.A higher oil price is good for the Norwegian economy long-term: short-term a stronger NOK creates headwinds. Short- to...

The USD/JPY rally might have come to an endThe USD/JPY surged higher in the past two days to touch 109.35 high following BOJ QQE upgrade. Central bank monetary policy intervention will shape the trend...

The US dollar eased from its highs following a two-day rally as profit taking dragged the currency lower in Wednesday’s Asian session. The greenback came off from its peak against the yen at the...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.72% against the USD to close at 0.7370. LME Copper prices declined 0.62% or $29.5 /MT to $4710.0 /MT. Aluminium prices...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CAD to close at 1.2915. In the Asian session, at GMT0300, the pair is trading at 1.2932, with the USD trading 0.13%...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.82% against the JPY and closed at 109.29. In the Asian session, at GMT0300, the pair is trading at 108.73, with the USD...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.4446, after UK’s total trade deficit narrowed to a level of £3.8 billion in March, from...

The Japanese yen has largely been on a roller coast of appreciation over the past few weeks as the air disappears out of the US dollar. Subsequently, as the USD/JPY pair has continued to fall, the...

Things seem a little quiet in Asia Pacific as markets take a breather from some recent volatility. The danger of these calmer waters is always that sudden shock of a tidal wave from the Fed, China or...

Yesterday the pair slightly fell amid the publication of strong data in Switzerland. The Consumer Price Index in April grew by 0.3%, which was better than the expectations of economists of 0.1% and...

The big morning mover has been the kiwi/dollar, printing a huge bullish hourly candle before giving back some knee-jerk gains as sanity around this morning’s Financial Stability Report takes...

These markets are strange at the moment. While there are some correlated moments, the overall impression I get is a bag of mixed nuts. Some are big, some are small and others just lie around because...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.We are finally beginning to see some two-way action in currencies. Investors are no longer buying dollars against everything...