Forex Opinion & Analysis

Despite the large drop from the NZD after a surprise decrease in interest rates, the NZD/USD has regained a large majority of those losses today as the USD opens weak.The NZD/USD has been trading...

Daily FX wrap: USD hit late in the day after some early gains against the EUR. Cable rips through 1.4300 again with commodity currencies post fresh highs also.After a relatively quiet session where we...

EUR/AUDCurrently we are 1.4796 at a strong support. If support is broken we are looking to continue to the double bottom at 1.4601 and maybe to the 1.4500. The average daily true range (ATR) for the...

On Thursday, the US Dollar declined against the Pound and the GBP/USD pair strengthened by more than 70 points. A fall in the number of jobless claims in the US did not manage to support the national...

The USD/JPY pair is trading in an upward wedge pattern on a 4 hour time frame. The price has pierced the Bollinger band – the upper line of this band, and this confirms that teh volatility is...

GBP/USDThe pair remains biased to the upside on corrective recovery, leaving risk of more strength on the cards. On the downside, support lies at the 1.4250 level where a break will turn attention to...

Market Drivers March 11, 2016 Euro trades back 1.1100 as profit taking kicks in UK Trade Balance in line Nikkei 0.51% Dax 2.53% Oil $38/bbl Gold $1266/oz Europe and AsiaEUR: GE CPI 0.4% vs. 0.4%GBP:...

USD/JPY has gained 100 points on Friday, as the pair trades at 113.90 in the European session. On the release front, Japanese BSI Manufacturing Index posted a sharp decline of -7.9 points, well below...

EUR/USD has posted losses Friday, as the pair trades at 1.1130 in the European session. The euro posted sharp gains on Thursday, after the ECB announced it was lowering interest rates and expanding...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.60; (P) 161.74; (R1) 162.75; The corrective rebound from 154.70 is still in progress and would possibly target 61.8% retracement of 175.01 to 154.70 at...

Yesterday’s Trading: On Thursday Draghi made the headlines. No central bank governor shifts the price like he can. The ECB decision and Draghi’s speech shot volatility on the EUR/USD up...

The dollar turned broadly lower against the other major currencies on Thursday, erasing a more than 1% rally, after European Central Bank President Mario Draghi said interest rates aren’t likely...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.29% against the USD to close at 0.7455. LME Copper prices declined 0.30% or $15.0/MT to $4920.5/MT. Aluminium prices rose 0.06% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.74% against the CAD to close at 1.3343. In economic news, Canada’s new housing price index rose less-than-expected by 0.1% MoM in...