Forex Opinion & Analysis

Trade of the Day: Data from the Office for National Statistics showed that UK trade deficits narrowed to £9.92 billion in Dec, dragged by quicker drop in imports. In 2015, trade deficits widened...

London Forex Report: All eyes are on Yellen's testimony today for further cues on monetary policy direction. Data released yesterday was mostly disappointing, affirming downside bias on global growth...

The USD/JPY pair bouncing from its support of (114.24-113.73) on a 4 hour time frame. The support zone does has a significant importance as the price has not touched this level since November 2015....

EUR/USD has posted slight gains on Wednesday, as the pair trades at 1.1260 in the European session. The euro has resumed its upward flight, gaining 100 points on Tuesday. On the release front, French...

Asian markets have fallen once again, although without quite the same ferocity we saw in yesterday’s bloodbath and there is some buying coming back into the equity markets.US traders did act...

EUR/USD has been in a strong uptrend after breaking out from a base last week. The prices also broke an important down trendline in a furious up movement, on high volume and wide range up bars....

Asian stock markets were in negative territory again on Wednesday as fears about global growth and the health of banks continue to weigh on equities. Tokyo’s Nikkei 225 index shed another 2.3%,...

EUR/USD 1HYesterday’s Trading:Falls in the stock and oil markets again offered support to the euro and yen. Brent fell to $30.26 and the euro/dollar fell to 1.1337. When the US indices stopped...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.04% against the USD and closed at 0.7075. LME Copper prices declined 0.92% or $42.0/MT to $4530.5/MT. Aluminium prices declined...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CAD and closed at 1.3872. In the Asian session, at GMT0400, the pair is trading at 1.3915, with the USD trading...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.38% against the CHF and closed at 0.9735. In economic news, Switzerland’s seasonally adjusted unemployment rate unexpectedly...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.33% against the JPY and closed at 115.19. On the economic front, Japan’s preliminary estimate of machine tool orders recorded a...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.4467, after UK’s total trade deficit declined more than anticipated to £2.71 billion,...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.83% against the USD and closed at 1.1290. In economic news, Germany’s seasonally adjusted industrial production surprisingly...