Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.86; (P) 185.38; (R1) 186.27; Outlook in GBP/JPY is unchanged. Sideway consolidation from 180.36 is still in progress and further recovery might be seen....

For the 24 hours to 23:00 GMT, the AUD weakened marginally against the USD to close at 0.7211. LME Copper prices rose 1.71% or $88.5/MT to $5274.0/MT. Aluminium prices declined 0.74% or $11.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.3102. In economic news, Canada’s retail sales increased more than expected by 0.5% on a monthly basis in...

For the 24 hours to 23:00 GMT, the USD rose 1.44% against the CHF and closed at 0.9732. In the Asian session, at GMT0300, the pair is trading at 0.9731, with the USD trading flat from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.70% against the JPY and closed at 120.72. In the Asian session, at GMT0300, the pair is trading at 120.69, with the USD trading marginally lower...

For the 24 hours to 23:00 GMT, the GBP fell 0.19% against the USD and closed at 1.5388, as Britain’s retail sales soared in September from August. Data showed that the nation’s retail...

Good morning. Hope all is well! Have had a good forecast for yesterday with a 71% accuracy on our predictions. On some instances, the markets violated out blue zones slightly and moved in the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Look out below! The next stop for EUR/USD should be 1.10. While the European Central Bank left monetary policy unchanged on...

At yesterday’s meeting, the Bank of Canada left its key interest rate unchanged at 0.5%. At the same time, Canadian GDP growth estimate for 2016 and 2017 was lowered. Furthermore, inflation is...

The Yen is Forming Another Megaphone (Red) Across VWAP of its Megaphones Inside Megaphones The yen is back to the VWAP of its series of megaphones inside megaphones and–surprise–it’s...

Undoubtedly the biggest event in FX markets today has been the ECB press conference, with dovish comments seeing immediate downside in the EUR. The central bank kept rates on hold as expected;...

European Central Bank Set to Release Monetary Policy DecisionMarkets will be looking toward a busy day today with the ECB's monetary policy review, retail sales numbers from the UK and Canada and the...

The EUR/USD has been in a trading range for months and it has had many breakouts up and down, but the follow-through has been limited, as is the case within trading ranges. It had another strong bear...

USD/JPY: The pair remains on the offensive, as it looks to push further higher towards its resistance at 120.56. On further bullishness, risk should build up towards the 121.00 level. Above here will...