Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the GBP fell 0.86% against the USD and closed at 1.4946. In economic news, UK’s Markit construction PMI dropped to a 7-month low level of 55.3 in November,...

For the 24 hours to 23:00 GMT, the EUR declined 0.15% against the USD and closed at 1.0608, after the Euro-zone’s preliminary annual consumer price inflation rose less-than-expected in November...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.58; (P) 184.60; (R1) 185.25; More..... GBP/JPY's fall from 188.79 resumed after brief consolidation and intraday bias back on the downside. Consolidation...

The Bank of Canada was in the spotlight today when it announced it would maintain its rate at 0.50 percent. The rest of the statement was dovish as Canada is left facing a “complex and...

European Central Bank to do “What it must” by Adding StimulusThe European Central Bank (ECB) is expected to announce further easing measure to boost the economy as the ghost of deflation...

ECB Today; Beware of the Crowded Trade: It’s not a question of if, but rather by how much Draghi and the European Central Bank will increase its stimulus program tonight. Still fighting off the...

I have no idea what Yellen said, but what developed yesterday followed the broad overview of what I had expected. This is one step closer to the Xmas present I suggested yesterday and now we need...

USD/CHF faces corrective pullback pressure following its Wednesday sharp sell. This leaves the pair targeting its big support located at the 1.0127 level. On the downside, support lies at the 1.0150...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.When the European Central Bank unveils a fresh round of stimulus on Thursday, the announcement will not be a surprise for most...

GBP/USD – attempts of support defense at 1.5000 levelGBP/USD began this week at new 6-months lows. And today after one-session break, price deepened the low. If support at 1.5000 breaks, nearest...

Market participants are focusing on the risk events coming up tomorrow and on Friday, notably the ECB rate decision and US NFP report. USD has spent the day climbing higher, with EUR edging back below...

The EUR/USD has been in a tight bear channel for about a month. This is a sell climax, but there is no bottom yet and it is only 60 pips above its April low and about 100 pips above the March low,...

After the slow click-click-click of suspense-building economic data early in the week, the rollercoaster ride has started in earnest for traders. Overnight, traders got their first look at Australian...

GBP/USDCurrently we are at 1.5003 and anticipating a descending wedge breakout. We are looking to continue to the S6 Fibo support at 1.4900 with an overall target to the support area at 1.4859. The...