Forex Opinion & Analysis

The best performer was the British pound, which climbed towards 1.4350 and provided sterling bulls a good profit. As already assumed in yesterday's analysis, the odds seemed to be in favor of an...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.37% against the USD to close at 0.7592. Yesterday, the World Bank forecasted that in China, Australia’s largest trading...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.55% against the CAD to close at 1.2906. In the Asian session, at GMT0300, the pair is trading at 1.2911, with the USD trading...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9545. In economic news, Switzerland’s total sight deposits advanced to a level of CHF486.4...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 107.94. In the Asian session, at GMT0300, the pair is trading at 108.17, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.72% against the USD and closed at 1.4228. In economic news, UK’s BRC retail sales monitor across all sectors declined by 0.7%...

USD/JPY has posted slight gains on Tuesday, as the pair trades at 108.30 in the European session. On the release front, Japanese Machine Tool Orders posted a sharp decline of 21.2%. Later, Japan...

The EUR/USD pair is trading in an upward wedge pattern on a 4 hour time frame. This confirms that the trend is skewed towards the upside and as long as we remain within this channel, the bias may...

EUR/USD: Market Shrugged Off Kaplan Suggesting June HikeDallas Fed President Robert Kaplan said he is "very open-minded" to deciding whether to raise interest rates at a mid-June policy meeting. He...

EUR/USD Bearish signal among negative RSIThe EUR/USD remains consolidating in a long-term range below the highest level 1.1455 this year. The pace of the Fed interest rate hike weighed on the EUR/USD...

GBP/USDGBP/USD inclined and approached 61.8% Fibonacci at 1.4285, attempting to breach this level. A break above this level will be a bullish signal, supported by ADX and RSI. Moving averages carry...

EUR/USD has posted considerable gains on Tuesday. In the European session, EUR/USD is trading at 1.1450. On the release front, German CPI and WPI numbers beat expectations. There are no major US...

Yesterday’s Trading: On Monday, trades in Europe finished around the level that the Asian session opened at. During the first half of the day the euro weakened against the dollar to 1.1371, due...

The US dollar was steady in Tuesday’s Asian session but stuck near the 8-month lows it set yesterday against a basket of currencies. After hitting a fresh 17-month low versus the yen on Monday,...