Forex Opinion & Analysis

EUR/USD is showing little movement on Wednesday, as the pair continues to hug the 1.09 line in the European session. On the release front, Eurozone and German Services PMI dipped in December. In the...

Bank of Japan adopted the negative interest rate policy, following Risksbank and European Central Bank. Some analysts believe that the Fed may also follow the step. Meanwhile, Fed chairman Yellen...

The USD/JPY trade fell from Our Identified resistance zone on a 4 hour time frame. The resistance zone was given in our analysis on the 29th of January. The risk was 37 pips and the trade is in a...

The dollar remained moderately lower against the other major currencies on Tuesday, as oil prices resumed their downward trend and as concerns over global economic growth persisted.The safe-haven yen...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 1.04% against the USD to close at 0.7034. LME Copper prices rose 1.58% or $71.5/MT to $4605.5/MT. Aluminium prices rose 0.30% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.74% against the CAD and closed at 1.4055. In the Asian session, at GMT0400, the pair is trading at 1.4082, with the USD trading 0.19%...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.01% against the JPY and closed at 119.79. In the Asian session, at GMT0400, the pair is trading at 119.66, with the USD trading 0.11%...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.4413, after UK’s construction PMI fell more-than-expected to a 9-month low level of 55.0...

Risk sentiment dwindled on Wednesday as global equities continued with their descent and oil prices fell sharply for a second day. Tokyo stocks closed down by 3.2% following a near 2% drop on Wall...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.15; (P) 173.41; (R1) 174.09; The recovery from 163.96 could extend to 55 days EMA (now at 176.10). But still, we're treating it as a corrective pattern and...

INTRADAY CHART: GBP/USD BIAS: I feel we need a decline to the 1.4240-70 area Resistance: 1.4426 1.4445 1.4470-79 1.4495-00Support: 1.4361 1.4325-40 1.4295-00 1.4267-82 MAIN ANALYSIS: Well, that...

I found things rather disjointed yesterday. There were parts where things went well but in other areas it became rather messy… even weird. To begin with, EUR/USD did at least extend gains but...

The yen is the strongest currency today. Many are still referring to it as a safe haven. However, this strikes us as a misuse of the concept. Investors are not flocking to the yen to find quiet place...

USD/JPY: Having the pair sold off hard on Tuesday, further downside pressure is likely in the days ahead. On the downside, support comes in at the 119.50 level where a break if seen will aim at the...