Forex Opinion & Analysis

The more I see structures morph, together with the underlying daily structures, the more I think we’re going to see the market remain unsteady into September. I’ve been struggling with the...

This morning’s inflation data most definitely put the spring back into cable bulls with the pair launching itself off the VPOC (volume point of control) and overnight lows in the 1.5570 and...

While most other currencies are stuck in the boring kiddy park, pound sterling has been a rollercoaster ride so far today. As my colleague Fawad Razaqzada noted, the pound rocketed higher on the back...

It is a notable economic principle that currency devaluation directly assures a more competitive global export. This is one of the reasons that China resorted to devaluing the renminbi by 4.70 percent...

UK CPI sees GBP outperform, while US Housing Starts prints its highest level since October 2007Today’s notable outperformer is GBP, after the European morning's most notable data point saw UK...

The pound was strong overnight, and the euro was weak. Although the 5-minute chart of the EUR/GBP is forming a double bottom, the selloff was strong enough to make follow-through selling likely after...

Last week we looked at the weakening correlation between the value of the Canadian dollar and oil prices, noting that, “It seems unlikely that this typically tight correlation has broken on a...

Currently we are at 91.22. We are looking for a continuation to the 0.618 fibo at 90.43 with an overall target at 89.33. The average daily true range (ATR) for the pair currently is 85 pips.

Sterling hit fresh 2-month highs as UK inflation improved in July, with headline CPI edging up to 0.1% y/y from June's 0.0%, and beating the Bank of England's 0.0%. The notable increase was in core...

RBA releases minutes from August meeting The minutes from the August RBA meeting were roughly in line with market expectations. Even though the minutes didn’t indicate clearly any policy bias,...

PBoC sets yuan firmer again Forex liquidity remains thin as participation drops Crude Oil trades atop of six-year lows Aussie bulls get a boost from RBA The forex market is clearly lacking direction...

GBP/JPY Daily OutlookDaily Pivots: (S1) 193.36; (P) 194.26; (R1) 194.75; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 184.95 might extend. But we'd expect strong resistance...

Today for our DecaPip Daily feature, I would like to look at the USD/JPY and how we could potentially look to trade this pair as it increasingly searches for meaningful direction and a range break...