Forex Opinion & Analysis

For experienced traders, the correlation between crude oil and the ruble is well known, due to the fact that the Russian economy is dependent on crude oil. Crude accounts for 16% of Russia's GDP and...

AUD/JPYCurrently we are 84.41 breaking a bear flag. We are looking to continue to the 0.500 Fibo at 83.18 and maybe to the 82.44. The average daily true range (ATR) for the pair currently is 146...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.81; (P) 160.84; (R1) 162.16; Intraday bias in GBP/JPY remains neutral for the moment. Overall outlook is unchanged that rebound from 154.70 is viewed as a...

There was no trend in the EUR/USD Tuesday as investors stayed on the sideline before the highly anticipated FOMC announcement. By contrast, the trend was clear in the British pound which fell towards...

London Forex Report: Oil prices tumbled for the second day in a row to USD 38.7/barrel amid ongoing concerns over supply glut. Market will now shift its attention to the FOMC meeting decision due...

USD/JPY has posted strong gains on Wednesday, trading at 113.60 in the European session. On the release front, it’s a busy day in the US, highlighted by the Federal Reserve rate announcement and...

EUR/GBP highest since the beginning of marchYesterday EUR/GBP broke above resistance at 0.7840. Upward movement may reach 0.7910 and next 0.8020 if demand won't fail. However if supply wins and price...

EUR/USD is drifting on Wednesday, as the pair trades slightly below the 1.11 line in the European session. On the release front, there is only one Eurozone release – German 10-year Bond Auction....

GBP/USD break below 1.4130 targets minor support at 1.4110. If we continue lower look for the next target and support at 1.4065/61. We are severely oversold short term, but longs look risky and would...

EUR/USD first support at 1.1065/55 could hold the downside again today but longs need stops below 1.1030. A break lower sees 1.1060 act as resistance to target 1.1010/05 then minor support at...

USD/JPY first resistance at 113.20/25, but above here targets 113.50, perhaps as far as resistance at 113.75/80. If we continue higher look for 114.15/19 then a retest of strong resistance at...

EUR/GBP trying above a break above last week's high at 7844/47 to target 7862/65. If we continue higher look for 7880 then 7896/99. Further gains test February highs at 7924/26. Below 7840 risks a...

Market Drivers March 16, 2016 UK Labor Data Better Kuroda stokes the yen Nikkei -0.83% Dax 0.80% Oil $37/bbl Gold $1233/oz Europe and AsiaUK Claimant Count -18K vs. -9KAverage Wage 2.2% vs. 2.1%ILO...

AUD/USD has held 7445/40 as the pair becomes oversold short term. A recovery meets resistance at 7480/85. Only a break above 7500 is more positive for today and opens the door to 7530/35 first target,...