Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the AUD weakened 0.06% against the USD to close at 0.7374. LME Copper prices declined 0.73% or $40.0/MT to $5425.0/MT. Aluminium prices declined 1.62% or $27.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CAD to close at 1.2998. On the macro front, Canadian wholesale sales unexpectedly slid 1.0% on a monthly basis in May, following a revised...

For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9635. In the Asian session, at GMT0300, the pair is trading at 0.9637, with the USD trading marginally higher from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.14% against the JPY and closed at 124.28. In the Asian session, at GMT0300, the pair is trading at 124.35, with the USD trading 0.06% higher from...

For the 24 hours to 23:00 GMT, the GBP fell 0.27% against the USD and closed at 1.5567, extending its previous session losses. In the Asian session, at GMT0300, the pair is trading at 1.5565, with the...

For the 24 hours to 23:00 GMT, the EUR traded marginally lower against the USD and closed at 1.0835. Yesterday, the IMF announced that the Greek government repaid them €2.05 billion overdue debt...

Market Recap & Outlook:Yesterday represented a rather calm trading day with the exception of Gold which came under heavy selling pressure and retail stops were triggered below 1,120.00 during the...

This week the scorecard recommends buying SEK, EUR and NOK while selling GBP, JPY and USD.Last week's signals resulted in a 1.3% gain. Especially the short NZD and EUR positions performed well, while...

No Time Off for Currency MarketsAll signs are pointing to the famous currency war heating up again, with the divergent approaches from various monetary policies increasing. Last Friday, the U.K....

The release of this evening’s RBA minutes should give us some insight into the Central Bank’s thinking on Australian interest rates, which were kept on hold earlier this month. In the run...

Interesting move in cable today as it appears to have failed to capitalize on Gov Carney’s remarks about interest rates, and the need for a rise sooner rather than later. Today’s move...

After major weekly support was broken in gold during yesterday’s Asian Session, Bloomberg Business today had an interesting graph comparing the performance of different asset classes,...

AUD/JPYDecline to 89.14 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...