Forex Opinion & Analysis

USD/JPYIn line with our yesterday’s positive outlook for the USDJPY pair, prices have soared after clearing 112.30, which was a very hard obstacle. It seems that, the pair has been double...

USD/CADYesterday USD/CAD broke below support which has been stopping declines since the beginning of February. Nearest target for falls is located at 1.3420. If rebound occurs at indicated level...

Cable remains in consolidation mode on Friday having come under extreme pressure during the first three days of the week.The pair fell below 1.40 for the first time in almost seven years this week and...

GBP/USD is still in a consolidation pattern after a sharp fall on BREXIT worries. On this pair we expect to see a corrective pullback in A-B-C fashion with support around 1.3870 levels for wave B....

London Forex Report: In the US, the surprisingly strong rebound in durable goods orders by its quickest in ten months raised optimism the manufacturing sector is on the mend. Initial jobless claims,...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.59% against the USD and closed at 0.7232. LME Copper prices rose 1.52% or $69.5/MT to $4655.0/MT. Aluminium prices rose 3.09% or...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9906, after a surge in US durable goods orders data in January. On the economic front, data showed...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.86% against the JPY and closed at 112.93. In the Asian session, at GMT0400, the pair is trading at 112.84, with the USD trading 0.07%...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.1020. In economic news, the Euro-zone’s consumer price index fell by 1.4% MoM in January,...

Shares across Asia were mostly in positive territory on Friday following sharp gains on Wall Street and in Europe yesterday. China’s main indices were 1% higher after slumping by over 6% on...

FX Trends at open, commodities lead the wayYesterday's risk rally seems to be still pushing for gains, brent oil has pushed to 35 USD area which if broken will lead to 40 USD. As a result, CAD and oil...

G20 Finance Ministers and Central Bank Governors to Meet in Shanghai this WeekendThe global economy is in a fragile state following a volatile start of the year that has reduced equity valuations and...

The Canadian dollar continues to be tied to the fate of energy prices. Oil got a boost from Venezuela and Russia’s oil ministers about a possible mid-March meeting to further discuss the output...