Forex Opinion & Analysis

Global MarketsThe Shanghai Composite Index is continuing to struggle when it comes to finding direction, with the major market looking set to conclude the week in red territory. This has been a week...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD strengthened 1.46% against the USD to close at 0.7080. LME Copper prices rose 0.63% or $34.0/MT to $5400.0/MT. Aluminium prices declined 1.26% or...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD declined 0.35% against the CAD to close at 1.3227. In economic news, Canada’s new housing price index rose 0.1% MoM in July, lower than...

USDCHF MovementFor the 24 hours to 23:00 GMT, the USD declined 0.22% against the CHF and closed at 0.9730. In the Asian session, at GMT0300, the pair is trading at 0.9736, with the USD trading 0.07%...

USDJPY MovementFor the 24 hours to 23:00 GMT, the USD strengthened 0.28% against the JPY and closed at 120.72. In the Asian session, at GMT0300, the pair is trading at 120.8, with the USD trading...

GBPUSD MovementFor the 24 hours to 23:00 GMT, the GBP rose 0.54% against the USD and closed at 1.5440, after the BoE indicated that the central bank remains on track to raise its benchmark interest...

US equities closed higher overnight with DJIA gained 76.83 pts or 0.47% at 16330.40 while S&P 500 rose 10.52 pts, or 0.53% to close at 1952.29. DJIA seemed to have some difficulty in sustaining...

EUR/USDCurrent level - 1.1287 The break through 1.1225 confirms the positive bias and the outlook here remains bullish, for a violation of 1.1330 resistance, en route to 1.1408 area. Initial support...

Talking Points:AUD/USD Technical Strategy: Flat Price Rise as Expected After Forming a Morning Star Candlestick Pattern Waiting for Corrective Upswing to Yield a New Short Trade Opportunity The...

Talking Points:GBP/USD Technical Strategy: Flat GBP/USD strength after an extended move last week. Short positions could be attractive should resistance show in the 1.5500 zone. British Pound...

Talking Points:GBP/JPY Technical Strategy: Flat British Pound extends four-day relief rally against the Japanese Yen Standing aside until resistance shows more prominently before triggering...

Talking Points:EURJPY Technical Strategy: Flat EURJPY puts in its fourth consecutive day of gains after establishing a new near-term low Resistance below 137 as confirmed by an extended 4-hour (or...

Talking Points:USD/CHF Technical Strategy: Pending Short The Swiss Franc continues to trade within a symmetrical wedge pattern, finding recent lower-high resistance off of the 76.4% Fibonacci...

Talking Points:-USD/CAD Technical Strategy: Favorable Risk: Reward To Establish Long -Time Based Correction Means Sideway Chop Could Continue -Long Bias Invalidated on Break and Daily Close below...