Forex Opinion & Analysis

The dollar traded higher on the last day of the year on Thursday, at the end of a year which saw the greenback post gains of almost 9% against the other major currencies, boosted by the diverging...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.14% against the USD to close at 0.7289. LME Copper prices declined 0.28% or $13.0 /MT to $4702.0 /MT. Aluminium prices rose...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CAD to close at 1.3834. In the Asian session, at GMT0400, the pair is trading at 1.389, with the USD trading 0.39%...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 1.13% against the CHF and closed at 0.9998. In the Asian session, at GMT0400, the pair is trading at 0.999, with the USD trading 0.25%...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 120.20. In the Asian session, at GMT0400, the pair is trading at 119.72, with the USD trading...

Market Drivers January 04, 2016 Shanghai down 7% creates massive risk aversion in market EZ, UK PMI bit lower than expected Nikkei -3.06% Eurostoxx -2.43% Oil $37/bbl Gold $1071/oz Europe and AsiaCNY:...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.55% against the USD and closed at 1.0868. In the US, initial jobless claims rose to a nearly six-month high level of 287.0K in the...

The currency pair is currently oscillating between 1.10 and 1.08. During the last week of 2015, it failed before 1,10 and fell directly around 1,0850.A surge on the euro after the Asian session...

USD/JPYThe USD/JPY is moving below the technical target we defined in December 2015 at 119.60 as seen on the provided daily chart. The pair may resume its downside journey below 38.2% Fibonacci,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.41; (P) 177.56; (R1) 178.17; GBP/JPY's decline accelerates to as low as 175.99 so far and intraday bias remains on the downside for 174.86 key support...

US NFP is expected to be around 202K, and with the Fed already started its normalization process, any strong surprise today could cause the market to move sharply, therefore I’d recommend to sit...

We'll be getting the Canadian Employment Change release number today but since it’s scheduled at the same time with the U.S. Nonfarm Payroll report, I’d recommend to pay close attention to...

AU Retail Sales release could change the short-term direction of the AUD, especially if we were to get our tradable deviation. Due to the nature of the market context (being the first full trading...

The US ISM Non-Manufacturing PMI is a leading indicator and since the US services sector is about 70% of the entire workforce, a strong reading today could change the speculation on Friday’s...