Forex Opinion & Analysis

GBP/USDIn Monday's analysis (after upward movement in the morning), I pointed two scenarios: successful rebound or deepened falls: "it is likely that today will be first upward session since a week"...

A roller coaster ride for stocks, alongside oil prices falling to new lows. JPY pressed through last year’s lows, CAD hit close to 1.4700. Focus now on March ECB meeting as council to reconsider...

EUR/JPYCurrently we are at 127.65 after yesterday’s correction. We are looking to continue to the Fibo Support at 126.69 with an overall target near 126.10. The average daily true range (ATR)...

The Australian dollar is steady on Friday, as AUD/USD trades at 0.7030 in the European session. On the release front, there are no Australian events. In the US, today’s highlight is Existing...

USD/JPY: Having followed through higher on the back of its Thursday gains on Friday, further bullishness is expected. On the downside, support comes in at the 117.50 level where a break if seen will...

China Drops Dollar PegIf China was really serious about doing what every major country in the world does, it would float the yuan. On Thursday, I saw this MarketWatch headline: China Serious about...

EUR: The single currency tumbled as ECB's Draghi suggest more easing, bids at 1.0865-75, 1.0855 and 1.0840, 1.0825 and 1.0800 were filled, however, some buy orders are reported at 1.0770-75 and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 165.28; (P) 166.49; (R1) 168.54; A short term bottom is likely in place at 163.96 in GBP/JPY, just ahead of 161.8% projection of 195.86 to 180.36 from 188.79...

Market BriefAs broadly expected, the ECB left its rates unchanged. The market, however, wasn’t expecting such a dovish message from Mario Draghi. ECB’s president emphasised downside risks...

European Central Bank kept its interest rate unchanged on the monetary policy meeting yesterday. Eurozone’s inflation has been challenged,which is expected to strike lower in the following...

London Forex Report: ECB maintained interest rate at 0.05% but comments from its president Mario Draghi renewed hopes that the central bank will expand easing measures as early as March due to...

Talk of more stimulus boosted markets on Thursday and Friday as the ECB hinted that it may ease policy as early as March and there were reports that the Bank of Japan is taking a serious look at...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 1.18% against the USD and closed at 0.7005. LME Copper prices rose 0.67% or $29.0/MT to $4376.0/MT. Aluminium prices rose 0.58% or $8.5/MT...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 1.61% against the CAD and closed at 1.4265. In the Asian session, at GMT0400, the pair is trading at 1.4284, with the USD trading...