Forex Opinion & Analysis

EUR/USD: With EUR continuing to trade and hold above the 1.0777/1.0800 zone but maintaining upside bias, further recovery higher is envisaged. Support lies at the 1.0850 level. Further down, support...

London Forex Report: The Fed held rates unchanged in the range of 0.25-0.50% as expected but the accompanying press statement highlighted prevailing downside risks this year, pushing back expectation...

The Australian dollar has posted considerable gains on Thursday, as AUD/USD trades at 0.7072 in the European session. On the release front, Australian Import Prices posted a decline of 0.3%, beating...

EUR/USD is steady on Thursday, as the pair trades at the 1.09 line in the European session. In economic news, currency markets did not display much reaction to the Federal Reserve, which maintained...

The FOMC, which raised the federal funds rate by 25 basis points on Dec. 16 after seven years, gave no hint of when it might raise that and other short-term interest rates again, although its...

USD/JPYThe USD/JPY has formed an upper shadow above 118.85 –Fibonacci of 38.2%- and closed below it, while trading stabilized below this important level during the Asian session. Trading...

For the 24 hours to 23:00 GMT, the AUD rose 0.45% against the USD and closed at 0.7026. LME Copper prices rose 0.14% or $6.5/MT to $4507.5/MT. Aluminium prices rose 1.86% or $27.5/MT to...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.21% against the CAD and closed at 1.4093. In the Asian session, at GMT0400, the pair is trading at 1.4118, with the USD trading...

For the 24 hours to 23:00 GMT, the USD rose 0.18% against the JPY and closed at 118.63. In the Asian session, at GMT0400, the pair is trading at 118.71, with the USD trading 0.07% higher from...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.71% against the USD and closed at 1.4244, after downbeat UK mortgage data. The nation’s BBA mortgage approvals unexpectedly...

For the 24 hours to 23:00 GMT, the EUR rose 0.29% against the USD and closed at 1.0899. In economic news, Germany’s GfK consumer confidence index remained steady at 9.4 points in February. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 168.31; (P) 169.16; (R1) 169.77; Intraday bias in GBP/JPY remains neutral for the moment. The consolidation from 163.96 short term bottom could extend with...

The U.S. Fed kept interest rates unchanged on Wednesday and said that it is expected to delay the rate hike. Fed policymakers said the economy was still on track for moderate growth, suggesting its...

GBP/AUDAfter a rebound lasting almost all of January, supply finally won yesterday and deepened latest low. If today's macroeconomic data from UK doesn't make a sentiment, reversal declines will...