Forex Opinion & Analysis

Forex News and EventsIntervention threats fall on deaf ears Clearly the macro risks for continued CHF strength against the EUR are building. Expectations for the ECB to push rates into more negative...

Market BriefCommodity currencies paired gains during the Asian session as investor sentiment toward commodities continues to gradually improve. Gold continues to push higher, up 0.58% to $1,245 an...

Overnight, the dollar rose to fresh three-week highs against the other major currencies on Monday, despite the release of disappointing U.S. housing sector data as Friday’s strong U.S. economic...

USD/JPYUSD/JPY has moved to the downside, but it retraced quickly from 112.05 zones during the Asian session today to currently approach SMA20 at 113.10. Actually, the technical situation remains...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.99; (P) 156.98; (R1) 157.76; Intraday bias in GBP/JPY remains neutral for consolidations above 154.70 temporary low. Recovery should be limited by 166.07...

GoldWith gold reversing its Friday losses on Monday, a build up on that gain is likely. However, it remains trapped within its consolidation, leaving directional move a challenge. On the downside,...

The euro remained weak yesterday as flash CPI estimates from the eurozone continued to highlight the lack of any growth in consumer prices, which is likely to see the ECB come out with policy measures...

EUR/USD is at the lows, so it looks like the pair is making an important impulsive sell-off from 1.1070, which is already big wave C) in progress. We assume that price could stay down for 1.0800 or...

Intraday Chart - US Dollar Index 1st March 2016 We have seen constructive progress higher. From the (green) Wave b we seem to need quite a firm follow-through that should target the 176.4% projection...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.39% against the USD and closed at 0.7150. LME Copper prices rose 0.51% or $24.0/MT to $4705.0/MT. Aluminium prices rose 2.08% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD remained flat against the CAD and closed at 1.3534. On the economic front, Canada’s Q4 current account deficit rose...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.07% against the CHF and closed at 0.9981. In economic news, Switzerland’s KOF leading indicator index rose unexpectedly to a level...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.23% against the JPY and closed at 112.32. In the Asian session, at GMT0400, the pair is trading at 112.56, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.3927, after UK’s mortgage approvals advanced more-than-anticipated to a two-year high level of...