Forex Opinion & Analysis

USD/JPYUSD/JPY has showed some kind of downside correction since the opening of this week, but it is still moving above moving averages. On the other side, RSI14 touches sensitive momentum support...

The dollar was little changed against the other major currencies on Tuesday, after the release of weak U.S. economic reports, as investors remained focused on tonight Federal Reserve's policy meeting,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.30; (P) 185.68; (R1) 186.22; As noted before, price actions from 180.36 are viewed as a consolidation pattern. Choppy recovery from 180.64 is viewed as the...

The Australian dollar was one of the worst performing currencies in Wednesday’s Asian session after it plunged following data showing the weakest pace of inflation in Australia in three years....

Pound turned down with the EUR/USD at the end of the week, while US dollar index has been trading higher. So if strong USD will remain in the cards as we expect, then pound will fall as well. In fact,...

An indicator reflecting American Enterprises Investment Scheme is in a fall for two consecutive months since September, indicating a big slump on American economy. With that being the case, most...

For the 24 hours to 23:00 GMT, the USD rose 0.83% against the CAD to close at 1.3271. Yesterday, the Deputy Governor of BoC, Timothy Lane, announced that the central bank might opt for certain...

For the 24 hours to 23:00 GMT, the USD rose 0.42% against the CHF and closed at 0.9869. In economic news, Switzerland’s UBS consumption indicator slightly edged up to 1.65 points in September,...

For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.5310, after UK’s weak construction and manufacturing sector activity slowed down the nation’s economy in...

For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.1038. Yesterday, the ECB’s Governing Council member, Ewald Nowotny, stated that monetary policy alone...

Mixed Markets, Wait and See: The US dollar pulled back into its weekly range against the majors as US data missed expectations and tomorrow’s FOMC meeting saw markets continue to settle and...

Good morning. Hope all is well! We have had a good forecast for yesterday with a 71% accuracy. As we had expected, the yen gathered some steam. New Zealand and US dollar pairs are on our watch list...

AUD/USD: The pair weakened on Tuesday and was seen weakening further during early trading on Wednesday. On the downside, support comes in at the 0.7100 level where a breach will aim at the 0.7050...

USD index made a nice pullback this summer to around 92.45 where market found a support and turned back above 96.00, which confirms the fact that retracement from 100.64 was a corrective move,...