Forex Opinion & Analysis

Market Drivers January 11, 2016 Shanghai ends down -5% but EU sees some covering AU jobs data shows some slowdown Nikkei closed Eurostoxx -0.01% Oil $32/bbl Gold $1104/oz Europe and AsiaAU: Retail...

EUR/USDCurrent level - 1.0903 The intraday bias is slightly bearish, with a risk of another slide towards 1.0830-40 support area. Crucial on the downside is 1.0800...

GBP/USD outlook negative despite oversold conditions with the close at the low of the week only encouraging for bears. A break below 1.4500 keeps those bears in control to target 1.4475 &...

EUR/USD has made a break above strong resistance at 1.0930/35 over night this morning to reach 1.0968. We have backed off quite sharply however to first support at 1.0930/26. Below here look for...

EUR/GBP has hit the next target of 7530/35 and topped at 7554 overnight. First support at 7223/20 then better support at 7502/7498. Longs need stops below 7485 to target strong support at 7470/65....

AUD/USD weekly close below 6990 and at the lows of the week are a negative signal for the start of this week. Further losses target late September lows at 6937/32. If this does not hold the downside...

USD/JPY breaks last week's low of 117.30 to target 116.85/81 then 116.65. There is no decent support today until August lows at 116.46. A break below here however is obviously negative therefore and...

USD/JPY: With USD/JPY turning higher on loss of bearish momentum on Monday, it looks to follow through higher in the days ahead. On the downside, support comes in at the 117.00 level where a break if...

Last Friday, the Bureau of Labor Statistics published its first Jobs report of 2016. Although the data looks back to December, this jobs report was meant to set the tone for a year where the Federal...

SELL NZD/USD Recent Chinese data weakness, coupled with rising geopolitical tensions stemming from developments with North Korea and the Middle-East, have seen 2016 begin in a heavily risk-off tone...

London Forex Report: Robust Payrolls Overshadowed By China ConcernsLondon Forex Report: Risk sentiment reprieve from robust US non-farm job gains proved short lived, as concerns over China jitters and...

EUR/USDToday’s support: -1.0890(main), where correction is possible. Break would give 1.0867, where correction also may be. Then follows 1.0846. Break of the latter would result in 1.0835. If a...

New week, same ChinaAnother week has opened and China’s risks are all that is being talked about. With the circuit breaker on the Shanghai Composite disabled last week, it was an altogether less...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.33% against the USD to close at 0.6993. LME Copper prices declined 0.61% or $27.5 /MT to $4486.5 /MT. Aluminium prices rose 1.44% or...