Forex Opinion & Analysis

Trade Of The Day: EUR/JPY Buying A Base RetestTrade Of The Day: Market choppiness continues, as EUR/JPY seesaws inside the broad 129-127 range, and it looks like we will need to wait for the FOMC and...

The Australian dollar is showing limited movement on Wednesday, as AUD/USD trades at 0.7040 in the European session. On the release front, Australian CPI posted a gain of 0.4%, above the estimate. In...

The USD/JPY pair is trading below its downward trend line on a 4 hour time frame. This confirm that the trend is towards the downside, however it is important to pay attention that the price is...

USD/JPY: Having halted its upside pressure to close higher on Tuesday, USD/JPY looks to build up on price recovery. On the downside, support comes in at the 118.00 level where a break if seen will aim...

AUD/NZD DAILY The rate is currently testing a four-month-old falling trendline resistance and while we are trading below it the short positions are preferred. A shorter timeframe may provide with a...

Instead of showing a sustained break below the 1.42-mark the British pound bounced off the 1.4170 level and surged to a high of 1.4366. While there could be some upside room before GBP approaches...

USD/JPYAfter being stopped by 118.85 resistance and finding support above 117.75 earlier, USD/JPY has been trapped between these levels, creating wide sideways range as seen on the provided daily...

London Forex Report: Risk sentiments got a lift from a rebound in oil prices in hopes of production cut that could help reduce supply glut. Major stocks and US treasuries also advanced amid...

The dollar held steady against the other major currencies on Tuesday, even after the release of strong U.S. consumer confidence data as investors remained cautious ahead of the Federal Reserve’s...

For the 24 hours to 23:00 GMT, the AUD rose 0.66% against the USD and closed at 0.6995. LME Copper prices rose 1.06% or $47.0/MT to $4501.0/MT. Aluminium prices rose 0.03% or $0.5 /MT to...

For the 24 hours to 23:00 GMT, the USD declined 1.09% against the CAD and closed at 1.4122.In the Asian session, at GMT0400, the pair is trading at 1.4130, with the USD trading a tad higher from...

For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CHF and closed at 1.0174. In economic news, Switzerland’s trade surplus narrowed more than expected to CHF2.54 billion in December,...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.06% against the JPY and closed at 118.41. In the Asian session, at GMT0400, the pair is trading at 118.13, with the USD trading 0.23%...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.68% against the USD and closed at 1.4345. Yesterday, the BoE Governor, Mark Carney, indicated that the decision of the US Fed to tighten...