Forex Opinion & Analysis

On Tuesday there was a meeting of the Japanese central bank. BOJ didn't change anything, it left interest rates and QE at current levels. Japanese yen in reaction, strengthened against all...

Tuesday March 15: Five things the markets are talking aboutCentral Bank monetary policy announcements dominate proceedings this week. The main event happens tomorrow with the Federal Open Market...

USD/JPYUSD/JPY has moved to the downside again after testing areas around 114.00, while RSI14 has been resisted at 50.00 levels. In the interim, the pair is now struggling below SMA20 and thus, we...

The dollar gained against most major currencies on Monday, as investors continue to focus on the Federal Reserve’s upcoming policy meeting this week. The euro remained under pressure after the...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.49% against the USD to close at 0.7514. LME Copper prices rose 1.07% or $53.0/MT to $4994.0/MT. Aluminium prices declined 1.03% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CAD to close at 1.3267. In economic news, Canada’s Teranet/National Bank house price index advanced by 0.6% MoM...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.07% against the JPY and closed at 113.81. In the Asian session, at GMT0400, the pair is trading at 113.54, with the USD...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.53% against the USD and closed at 1.4302. In the Asian session, at GMT0400, the pair is trading at 1.4276, with the GBP trading 0.18%...

Strangely enough, hope has recently become a driver in global financial markets. Hope based on OPEC ministers’ loose words. Hope based on central bankers’ loose comments. Hope based on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 162.23; (P) 163.10; (R1) 163.61; GBP/JPY's recovery lost momentum again and dips mildly. Intraday bias is turned neutral first. Overall outlook is unchanged...

The US dollar posted a recovery across the board, with the euro and the British pound declining against the greenback. US economic data is due later today with retail sales and PPI numbers, which...

The Japanese yen firmed in Tuesday’s Asian session after the Bank of Japan kept monetary policy unchanged at its latest meeting. Although no change had been expected by the markets, the Bank of...

Last week was fairly buoyant for the Cable as the pair benefitted largely from the general risk aversion surrounding the US dollar. However, despite the recent rally, the pair is now facing a reversal...

The elevated expectations over central banks maintaining their current policy measures to stimulate global growth amid the ongoing financial turmoil have offered a false lifeline to stock markets...