Forex Opinion & Analysis

London Forex Report: In line with other regional readings, Chicago PMI continued to signal that US manufacturing is on the mend, and we will have a better picture when the nationwide prints from PMI...

USD/JPYNothing changed on USD/JPY pair, as prices continue to consolidate for the third consecutive day. Trading between 112.15 and 112.60 during those three trading days doesn’t present any...

Market BriefSafe haven assets were broadly in demand on Friday, while stocks and riskier assets struggled to find buyers ahead of today’s much awaited NFP report. Data from China surprised...

Market Drivers April 01, 2016 Dollar weakness persists UK PMI misses EUR/GBP at 15 month highs Nikkei -3.55% Dax -1.50% Oil $38/bbl Gold $1234/oz. Europe and AsiaCNY: PMI Manufacturing 50.2 vs....

EUR/USDCurrent level - 1.1381 The uptrend is intact, heading towards 1.1494 target mark. Initial intraday support lies at 1.1360, followed by the crucial low at...

After posting continuous losses over the past few of months, the loonie may finally have some upside potential. While I don’t think anyone expects the pair to erase the epic plunge which started...

GBP/CADToday’s support: - 1.8630, 1.8579, 1.8555 and 1.8540(main), where correction is possible. Break would give 1.8517, where correction also may be. Then follows 1.8551. Break of the latter...

The euro is flat on Friday, after posting more gains in the Thursday session. EUR/USD is trading at 1.1380 in the European session. On the release front, German and Eurozone Manufacturing PMIs came in...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD traded flat against the USD and closed at 0.7666. In economic news, Australia’s AIG performance of manufacturing index advanced to a...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CAD to close at 1.2987. In economic news, Canadian GDP rose more-than-expected by 0.6% MoM in January, expanding for the...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CHF and closed at 0.9614. Yesterday, the Swiss National Bank’s (SNB) Governing Board member, Andrea Maechler,...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.08% against the JPY and closed at 112.55. Yesterday, data indicated that Japan’s housing starts surprisingly rose by...

For the 24 hours to 23:00 GMT, the GBP fell 0.08% against the USD and closed at 1.4366, despite UK’s positive GDP figure. Data showed that UK’s final GDP advanced more-than-anticipated by...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.40% against the USD and closed at 1.1379. In economic news, the Eurozone’s preliminary consumer price index declined in line with...