Forex Opinion & Analysis

Market Drivers for January 21, 2016 Risk rebounds but Shanghai spoils the party All eyes on ECB Nikkei -2.80% Eurostoxx 0.01% Oil $28/bbl Gold $1099/oz Europe and AsiaNZD: PMU Manufacturing 56.7 vs....

EUR/USD: Asymmetric Risk Ahead Of ECB Statement US CPI slipped 0.1% after being unchanged in November. Despite the drop last month, the CPI increased 0.7% in the 12 months through December, the...

EUR/USDCurrent level - 1.0894 Yesterday's test of 1.0980 failed again and the intraday bias here is neutral, with an initial static support at...

USD/JPY is trying a break above 117.00/05 but I don't think this will be sustained. Failure here targets 116.65/60 for some profit taking on shorts. If we continue lower look for 116.34/31 and 116.18....

GBP/USD bullish short term signals are not enough for us to be looking for further string gains today unfortunately. Outlook is more neutral and holding above 1.4183/80 could target first resistance...

EUR/USD support at 1.0880/76 but longs need stops below 1.0850. Further losses target 1.0835/31 then support at 1.0815. Try longs with stops below 1.0795. Below here look for 1.0765/62 perhaps as far...

USD/CAD closed down yesterday which confirms the fact that market found a top and that we will see a minimum three wave of a retracement. We are observing wave 4) of a higher degree that is in play,...

AUD/USD through 6915/20 as I write to hit our selling opportunity at 6945/50. Shorts need stops above 6980. A break higher however targets then an excellent selling opportunity at 7015/20. Shorts need...

The EUR/USD has formed a symmetrical triangle pattern on a 4 hour time frame. Although, it looks like very much symmetrical triangle pattern but the angle of this triangle is more skewed towards the...

The Australian dollar is steady on Thursday, as AUD/USD trades slightly above the 0.69 line in the European session. On the release front, Australian MI Inflation Expectations. posted a strong gain of...

It’s been a quiet ride for the euro this week, as the euro treads softly at the 1.09 level in the European session. The lack of movement we’re seeing from the pair could change on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 164.34; (P) 165.58; (R1) 167.18; Intraday bias in GBP/JPY remains on the downside for the moment. Break of 161.8% projection of 195.86 to 180.36 from 188.79 at...

EUR/USDToday’s support: -1.0890(main), where correction is possible. Break would give 1.0883, where correction also may be. Then follows 1.0854. Break of the latter would result in 1.0834. If a...

The dollar extended losses against other major currencies on Wednesday, as disappointing U.S. economic reports weighed and as concerns over declining oil prices continued to support the safe-haven yen...