Forex Opinion & Analysis

Market Drivers for September 16, 2015 UK wage data much better GBP targets 1.5400 US CPI on tap Nikkei 0.81% Europe 1.19% Oil $45/bbl Gold $1106/oz Europe and Asia GBP: UK Average wages 2.9% vs. 2.5%...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.93; (P) 185.01; (R1) 185.82; Intraday bias in GBP/JPY remains neutral with focus on 187.36 resistance. Firm break there will argue that fall from 195.86...

GBP/USDGBP/USD moved to the downside after coming below 1.5415 and our expectations failed, while moving below moving averages 20 and 50 is a negative factor. ADX shows bearish tendencies and RSI...

Talking Points:Aussie Dollar Gains Alongside China’s Shanghai Composite in Asia Trade US Dollar May Rise After Overnight Dip as CPI Boosts Fed Rate Hike Bets The Australian dollar outperformed...

Market Commentary USD better bid overnight with much of the gains occurring in the US trading after US 2 Year note higher by more than 8bps to trade above 0.80% for the first time since 2011. Lower...

EUR/USDCurrent level - 1.1273 The overall outlook remains negative, for a tight test of 1.1230 support zone. Crucial on the upside is 1.1325...

Yesterday’s Trading: On the whole I’m happy with how the EUR/USDhas slid to the 90th degree. Due to the yen crosses, the maximum on my forecast wasn’t reached and the minimum was...

Talking Points:AUD/USD Technical Strategy: Flat Aussie Dollar Bounce Stalls at Key Trend Line, Hints at Possible Downturn Opting to Pass on Short Position Pending Bearish Reversal Confirmation The...

EUR/USDToday’s support: 1.1284, 1.1250 and 1.1210 (main), where correction is possible. Break would give 1.1176, where correction also may be. Then follows 1.1153. Break of the latter would...

EUR/USD Daily Analysis: The pair's price rallied nicely off of our key support from Monday (1.1290), dropping just a few pips below the level before it rallied back up to the high 1.1320s. We closed...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD weakened 0.13% against the USD to close at 0.7134. LME Copper prices declined 0.64% or $34.0/MT to $5290.0/MT. Aluminium prices rose 0.09% or...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD declined 0.11% against the CAD to close at 1.3242. In economic news, existing home sales rebounded 0.3% on a monthly basis in August, following a...

USDCHF MovementFor the 24 hours to 23:00 GMT, the USD rose 0.60% against the CHF and closed at 0.9743. In the Asian session, at GMT0300, the pair is trading at 0.9724, with the USD trading 0.19%...