Forex Opinion & Analysis

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.36% against the JPY and closed at 121.01. In the Asian session, at GMT0400, the pair is trading at 120.67, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.31% against the USD and closed at 1.4421, after UK’s seasonally adjusted Markit manufacturing PMI unexpectedly advanced to a...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.61% against the USD and closed at 1.0888, after Germany’s final Markit manufacturing PMI rose more-than-expected to a level of...

EUR/USD Daily forecastMain scenario:Market is starting downtrend from resistance level 1.0915, from that is going to reach support at 1.0830. Alternative scenario:The uptrend may be expected to...

Daily forecastMain scenario:GBP/USD is trading along a sideways trend between support 1.4355 and resistance 1.4410.A downtrend will start as soon as the pair drops below support level 1.4355, which...

Asian equities were mixed on Tuesday as yesterday’s slump in oil prices weighed on risk sentiment. Shares in Tokyo ended the day lower as the effects of last Friday’s policy boost by the...

The Australian dollar is trading lower today after the Reserve Bank of Australia decided to keep interest rates on hold at their latest board meeting.At 5.10pm (AEDT) the Aussie was trading at...

First RBA Tuesday of 2016: In not a great sign for both the Australian and world economies, yesterday saw the Chinese manufacturing sector expand at its slowest pace in 3 years.“CNY...

In its February decision on interest rates, the Reserve Bank of Australia (RBA) issued a surprisingly upbeat and rosy assessment of economic conditions in Australia. Outside of mining, I daresay...

EUR/CHF Forecast February 2, 2016

I was slightly cautious about how things would go yesterday but I have to say that, on the whole, the moves we saw yesterday were pretty much in line with my outlook. There are one or two issues...

We argued in our article on Dec 30th 2015, Will Euro Referendum and Brexit affect GBP?, that pound sterling could perform poorly in 2016 due to the domestic and political uncertainty surrounding...

Sonia, UK’s guiding overnight interest rate, historically found its comfort level in the area between 5.00 – 6.00 for the first time since 1997. It has ranged between 5.0 – 7.0 from...

CAD/JPYShort term Elliott wave structure suggests decline to 78.93 at 1/20 ended wave ((W)). From this level, wave ((X)) bounce is unfolding in a double three structure where wave (W) ended at 84.12,...