Forex Opinion & Analysis

GBP/USDGBP/USD has moved bearishly below 1.5560, while moving below moving averages 20 and 50 is a negative factor. Stability below 1.5560 is a negative factor and could be a reason of resuming...

The dollar remained at one-week lows against a basket of other major currencies on Thursday, despite data showing that U.S. jobless claims fell to the lowest level since November 1973 last week, as...

The dollar continued to make modest gains in Asian trading following a limited rally on Thursday after the release of weekly jobless claims. Initial jobless claims came in at the lowest level since...

For the 24 hours to 23:00 GMT, the AUD weakened 0.29% against the USD to close at 0.7357. LME Copper prices declined 0.20% or $10.5/MT to $5340.0/MT. Aluminium prices declined 0.37% or $6.0/MT to...

For the 24 hours to 23:00 GMT, the USD traded marginally lower against the CAD to close at 1.3027. The CAD gained ground, after Canadian retail sales rebounded stronger than expected in May. Data...

For the 24 hours to 23:00 GMT, the USD weakened 0.06% against the JPY and closed at 123.91. Yesterday, the IMF warned Japan that it needs to step up reforms in order to curb the risks pertaining to...

For the 24 hours to 23:00 GMT, the GBP fell 0.65% against the USD and closed at 1.5515, after the release of dismal retail sales data in the UK. Yesterday, data released showed that retail sales in...

Market Recap & Outlook: Greece passed more reforms, this time in regards to its banking system as well as its judicial system, as the country with the highest debt-to-GDP ratio in the Eurozone...

AUD/JPYDecline to 89.19 completed wave (W), and pair has since bounced in wave (X) from this level. Short term Elliott Wave view suggests wave (X) bounce is unfolding in a double corrective structure...

Jobless Claims:Overnight’s Unemployment Claims number out of the US smashed expectations. The 255K print beat the 279K expectation, meaning the number came in at its lowest level since 1973!...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Euro Outlook: Sell The Rally Dollar Snaps Back on Stronger US Data GBP: Hit by Surprise Drop in Retail Sales CAD Shrugs Off...

The euro has been paring its losses against the dollar over the last few days but we are seeing signs that the move higher may have run into a brick wall.The pair did face resistance around the 38.2...