Forex Opinion & Analysis

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.69% against the CAD to close at 1.3126. In economic news, Canadian manufacturing shipments advanced more-than-expected by 2.3% MoM...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.91% against the CHF and closed at 0.9779, as the Fed lowered its projections future interest rate hikes and economic growth. In the...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.40% against the JPY and closed at 112.72. In the Asian session, at GMT0400, the pair is trading at 112.55, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.64% against the USD and closed at 1.4248. In economic news, UK’s ILO unemployment rate remained steady at a level of 5.1% in the...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.00% against the USD and closed at 1.1219. In economic news, the Euro-zone’s construction output rebounded at its fastest...

A kneejerk reaction in the financial markets to the Fed’s statement has greatly ignored the general direction that the Fed said it is taking – and the way the USD is still headed. With...

GBP/USDMain scenario:The pair is trading along a downtrend that may be expected to continue in case the market drops below support level 1.4080, which will be followed by reaching support level 1.3975...

USD/JPYThe USD/JPY pair has moved sharply to the downside again during the Asian session after failing to clear 113.60 yesterday. Coming below the corrective uptrend line and below 112.40 could be...

London Forex Report: The Fed held its benchmark rate target at 0.25% to 0.5% as expected while cutting its outlook on tightening path. The dot plot indicated that the central bank may hike rates twice...

The US dollar extended its losses into Thursday to slip to one-month lows against a basket of currencies. The Federal Reserve yesterday lowered its projections on US GDP growth and its dot plot...

With the US Federal Reserve holding rates steady yesterday and lowering its Fed funds rate forecasts to two rate hikes in 2016, aligning with the market expectations, the US dollar is likely to remain...

Yesterday’s Trading:The USD on Wednesday weakened throughout the market. The Fed decided to keep their interest rate at 0.25-0.50%. It was announced that the rate is to be raised twice this...

The US dollar tumbled on the FOMC statement last afternoon when policymakers decided to revise down monetary policy targets, set according to the much-discussed dot plot.Even though the benchmark...

The Australian dollar has been strongly bullish of late as the pair has benefitted from sentiment swings from both, a weaker FOMC outlook, and a stronger iron ore market. However, despite the stunning...