Forex Opinion & Analysis

As the global economy continues to cool, commodity prices are plunging once more, causing Europe’s third-largest economy to follow the general path of the macroeconomic environment. Expansion in...

JPY continued yesterday’s trend of strength after recent comments from two of Japanese PM Abe’s advisors Honda and Hamada, who both stated that it is too soon to be thinking about...

USD/CHF has been moving sideways since end of March. We see five price swings between two trendlines that reminds us on a triangle formation. That's a five wave A-B-C-D-E pattern that occurs in the...

GBP/JPYCurrently we are at 184.58. We are looking to bounce and start a 5th wave to the resistance area at 187.20 with an overall target at 188.00. The average daily true range (ATR) for the pair...

USD/JPY: The pair halted its strength and turned lower after failing to hold above its range top at the 121.23/32 zone on Monday. This development has triggered a sell-off, leaving risk of more...

USD/CAD is drifting on Tuesday, continuing the lack of movement which has marked the pair since the start of the week. In the European session, the pair is trading just below the 1.32 line in the...

GBP/USD is showing limited movement on Tuesday, as the pair trades at the 1.5340 in the European session. Taking a look at economic releases, British Preliminary GDP posted a gain of 0.5%, compared to...

EUR/USD is showing limited movement on Tuesday, as the pair trades at 1.1050 in the European session. The markets are keeping a close eye on the key event of the week, as the Federal Reserve issues...

•Dollar weakens on disappointing housing data. US new home sales declined in September, suggesting a segment of the housing market could be cooling down. However, the moderation in new home sales...

Market Drivers for October 27, 2015 UK GDP misses at 0.5% vs. 0.6% USD/JPY below 120.50 as risk aversion hits Nikkei -0.90%, Europe -0.39% Oil $43/bbl Gold $1166/oz Europe and AsiaNZD: Trade Balance...

GBP/USD – holding at key supportGBP posted a limited intraday advance and retreated at the end of the day from a daily high of 1.5381. Data from UK was disappointing, as manufacturing production...

EUR/USDOutlook: Short Term (1-3 Days): Bearish – Medium Term (1-3 Weeks): BearishFundamental: EUR saw a quick flush below 1.10 yesterday, admittedly in very thin and very early Asia trade....

HourlyAfter a fall to 1.5305, the pound/dollar rebounded to the LB. My yesterday’s expectations rang true. At 12:30 EET, preliminary UK GDP data for Q3 will come out. It’s expected to be...

HourlyYesterday’s Trading:My Monday’s expectations came off fully. The euro/dollar lifted to 1.1055 and then fell to 1.1003. From here, it renewed to 1.1067 due to weak US housing data....