Forex Opinion & Analysis

USD/JPY made a three wave decline from June highs down to 120.43 low which we see it as a corrective structure that appears completed because of a broken channel resistance line. As such, we think...

Market Commentary USD rose even before Fed Chair Yellen gave her semi-annual testimony to Congress. Her message was perceived to be rather upbeat. She reiterated that the first rate lift-off is likely...

EUR/USD To start off; the pair is trading within a possible Bear Flag, as can be seen on the Daily Chart. The base of the flag is close by, but there is quite a decent looking support sighted at 10870...

The dollar was boosted on Wednesday after Fed Chair Janet Yellen reaffirmed the Fed’s view that the US economy has picked up pace in the second quarter and the labor market is improving...

EUR/USDThe euro fell considerably extending recent losses as Greek Prime Minister Alexis Tsipras made a final appeal to parliament for support of the tough package of bailout measures imposed by...

We seem to have had a bit of a turmoil on our forecast for yesterday. This was due to both Japanese yen and the US dollar strengthening instead of weakening. Should have gone for a few hedged pairs....

For the 24 hours to 23:00 GMT, the USD rose 1.45% against the CAD to close at 1.2915. The CAD lost ground, after the BoC decided to slash its benchmark interest rate by 25 basis points to 0.5% –...

For the 24 hours to 23:00 GMT, the USD rose 0.72% against the CHF and closed at 0.9517. The Swiss franc came under pressure, after Switzerland’s ZEW economic expectations index eased to a level...

For the 24 hours to 23:00 GMT, the GBP traded a tad higher against the USD and closed at 1.5639. Yesterday, data showed that unemployment in the UK unexpectedly rose to 5.6% in the three months ended...

For the 24 hours to 23:00 GMT, the EUR declined 0.51% against the USD and closed at 1.0957. Yesterday, the Greek Parliament approved the new bailout package of €86 billion, coming with tough...

EUR/NOK. The NOK has in the past month suffered from a lower oil price, a surprisingly dovish Norges Bank and poor NOK liquidity. As a result we raised our forecast profile last week and now forecast...

Australia 200 – Thursday, July 16th, 2015In the last week or so, the ASX200 has enjoyed a solid resurgence back up from support at 5400 to a new three week high above 5650. Over the last few...

AUD/USD – Thursday 16 July 2015The Australian dollar has fallen sharply over the last few weeks which has culminated in a new six year low near 0.7350 in recent hours. For the best part of the...

NZD/USD: Short position closed The open position for the NZD/USD has been closed on July 13 as a precaution. A profit has been made of 72 pips. The pair is still in a downtrend and had a strong...