Forex Opinion & Analysis

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.99% against the CAD and closed at 1.3424. On the economic front, Canada’s housing starts rose to a level of 212.6K in February,...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.48% against the USD and closed at 0.7430. LME Copper prices declined 0.39% or $19.5/MT to $4980.5/MT. Aluminium prices declined 0.62%...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9960. In economic news, Switzerland’s consumer price index surprisingly advanced for the...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.61% against the JPY and closed at 112.66. On the economic front, Japan’s Eco Watchers index for future outlook dropped to a...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.37% against the USD and closed at 1.4209. Yesterday, the BoE Governor, Mark Carney, warned that the possibility of Britain leaving...

EURUSD MovementFor the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1005. In economic news, the Euro-zone’s preliminary GDP expanded by 0.3% QoQ, at par with...

As there were no major releases or events during today’s Asian trading, currencies took their cue mainly from developments in other markets such as oil and stocks.The yen for example appeared to...

The Australian dollar has remained resilient brushing off disastrous data out of China yesterday and disappointing local real estate data today.Numbers out of China showed exports fell 25.4 percent in...

Even if the UK votes to stay in EU, the concessions that the UK has negotiated with the EU might complicate extra EU integration. Britain's exit from the EU will hit the UK and also Europe. If the UK...

Global stocks swiftly erased earlier gains during trading on Tuesday following the dismal Chinese trade data which dampened sentiment towards the global economy and consequently soured investor risk...

Yesterday’s Trading: Tuesday’s American session saw the euro bulls managing to shift the maximum to 1.1057 using support from the euro/pound cross. The euro/pound rose to 0.7792. The euro...

European Central Bank Rate Decision Thursday March 10th 1245 GMT Current Rate 0.05% expected unchanged Current Deposit Rate -0.30% expected -0.40% January MeetingThe ECB’s January monetary...

I found yesterday a bit frustrating. EUR/USD made a minor new high, USD/CHF a deeper pullback and GBP/USD slept for most of the day but did at least break below the channel support – even if it...

NZD/USDShort-term Elliottwave structure suggests cycle from 2/29 low ended with wave ((w)) at 0.682. Wave ((x)) pullback is proposed to be unfolding as a triangle where wave (a) is expected to...