Forex Opinion & Analysis

EUR/USD has posted gains on Thursday, and the pair has punched above the 1.13 line for the first time this week. In economic events, German numbers continued to disappoint, as the country’s...

Market Drivers October 08, 2015Euro probes 1.1300 German Trade Balance slightly weaker 19.6B vs. 20.2BNikkei 225 -0.99% Europe -0.18%Oil $48/bblGold $1143/oz Europe and Asia:EUR GE Trade Balance 19.6B...

USD/JPYSigns of weakness have appeared inside the triangle pattern, as the USD/JPY is gradually approaching the support line of this classical pattern. It is important to witness a breakout below...

EUR/USDCurrent level - 1.1252 Nothing interesting here, as the pair is still caught in the tight consolidation range below 1.1290. Crucial on the downside remains...

Pound has moved to new swing high in the last few sessions, so looks like that market is making a three wave recovery from the low. Despite higher prices pair is in a corrective move of wave 2 that...

Asian stocks were mixed on Thursday as shares in Tokyo closed lower on poor machinery orders, while shares in China surged by almost 3% as trading resumed after a week-long holiday. Core machinery...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD strengthened 0.65% against the USD to close at 0.7204. LME Copper prices rose 1.28% or $66.0/MT to $5241.0/MT. Aluminium prices rose 1.33% or...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD rose 0.16% against the CAD to close at 1.3058, The CAD weakened, after the release of downbeat Canadian building permits data. Yesterday, data...

USDJPY MovementFor the 24 hours to 23:00 GMT, the USD weakened 0.20% against the JPY and closed at 119.98The Japanese currency gained ground, after the BoJ refrained from expanding its QE programme....

GBPUSD MovementFor the 24 hours to 23:00 GMT, the GBP rose 0.57% against the USD and closed at 1.5316,as the UK’s manufacturing and industrial production data topped market...

EURUSD MovementFor the 24 hours to 23:00 GMT, the EUR declined 0.25% against the USD and closed at 1.1240, after the German industrial production unexpectedly shrank in August. Yesterday,...

EUR/USDMain scenario:The pair is trading along a sideways trend between resistance 1.1275 and support 1.1185 levels, where we can expect a local downtrend with target on 1.1185, while pair is trading...

GBP/USDMain scenario:The pair is trading along an uptrend with target on 1.5440, which may be expected to continue in case the market rises above resistance level 1.5340. Alternative scenario:A...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.85; (P) 183.44; (R1) 184.39 Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 180.36 support will resume the whole fall from...