Forex Opinion & Analysis

GBP/AUD - 6-months lowGBP/AUD declines since August 2015. Previous upward movement is corrected (it took place between September 2014 and August 2015). Price broke below Fibonacci 38,2% and declines...

EUR/USD is almost unchanged on Wednesday, as the pair trades at 1.0920 in the North American session. Taking a look at economic news, Eurozone inflation indicators remain weak, as Spanish CPI produced...

Australia’s Department of Industry, Innovation and Science recently released its latest Resources and Energy Quarterly. As usual, I was most interested in the projections for iron ore and the...

Data on the UBS Consumption Indicator for November published today in Switzerland showed a growth of the index by 0.03 points to 1.66 points. Earlier in December, the Swiss NB left its deposit rate...

USD/CAD has posted slight gains on Wednesday, as the pair trades at 1.3860 in the European session. In economic news, today’s highlight is US Pending Home Sales, with the markets expecting the...

Since the opening of this week, the USD/JPY didn’t show any big moves, but trading continued below 50% Fibonacci at 120.70 as seen on the provided chart. Stability below moving averages in...

Yesterday’s Trading:Tuesday’s trading saw the euro/dollar sticking to my forecast up to the American session. By the end of the day, the euro had weakened against the dollar by 50 points...

The dollar moved higher against the euro and the other major currencies on Tuesday, as upbeat U.S. data released the day before continued to support, but trading volumes remained thin ahead of the New...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.40% against the CAD to close at 1.3840. In the Asian session, at GMT0400, the pair is trading at 1.3845, with the USD trading...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CHF and closed at 0.9926. In the Asian session, at GMT0400, the pair is trading at 0.9924, with the USD trading...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.11% against the JPY and closed at 120.50. In the Asian session, at GMT0400, the pair is trading at 120.48, with the USD...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.43% against the USD and closed at 1.4819. In the Asian session, at GMT0400, the pair is trading at 1.4834, with the GBP trading 0.11%...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.42% against the USD and closed at 1.0924. In economic news, Italy’s consumer confidence index dropped for the first time in...

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.91; (P) 178.72; (R1) 179.33; GBP/JPY's fall resumed after brief consolidations and reaches as low as 178.10 so far. Intraday bias is back on the downside....