Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the AUD strengthened 0.37% against the USD to close at 0.7458. LME Copper prices rose 3.74% or $201.0/MT to $5576.0/MT. Aluminium prices rose 1.79% or $29.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.27% against the CAD to close at 1.2706. The CAD gained ground, after Canada’s seasonally adjusted housing starts registered an 11-month high...

For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.9479. In the Asian session, at GMT0300, the pair is trading at 0.9462, with the USD trading 0.18% lower from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.86% against the JPY and closed at 121.75. In economic news, Japan’s machine tool orders advanced 6.6% on an annual basis in June, compared...

For the 24 hours to 23:00 GMT, the GBP traded a tad higher against the USD and closed at 1.5376. Yesterday, the BoE, in a widely expected move, agreed to maintain key interest rate at the record low...

For the 24 hours to 23:00 GMT, the EUR declined 0.06% against the USD and closed at 1.1071. Yesterday, the Greek government presented new economic reform proposals to its creditors in order to secure...

Talking Points:NZD/USD Technical Strategy: Flat Support: 0.6568, 0.6458, 0.6349 Resistance:0.6783, 0.6885, 0.7049 The New Zealand Dollar is inching higher after rebounding from support at the...

Talking Points:AUD/USD Technical Strategy: Flat Support: 0.7417, 0.7283, 0.7150 Resistance:0.7499, 0.7566, 0.7632 The Australian Dollar found interim support after turning downward against itsUS...

Talking Points:EUR/JPY Technical Strategy: Flat Support: 133.10, 131.99, 129.20 Resistance:135.45, 137.97, 141.04 The Euro continues to consolidate above the 133.00 figure against the Japanese Yen,...

Talking Points:USD/CAD Technical Strategy: Long at 1.2649 Support: 1.2618, 1.2524, 1.2449 Resistance: 1.2770, 1.2922, 1.3016 The US Dollarproduced a Bearish Engulfing candlestick pattern, hinting a...

Talking Points:EUR/GBP Technical Strategy: Flat Support: 0.7164, 0.7128, 0.7062 Resistance: 0.7235, 0.7293, 0.7388 The Euro paused to digest gains after recovering to the highest level in a month...

Talking Points:GBP/USD Technical Strategy: Flat Support: 1.5309, 1.4926, 1.4616 Resistance: 1.5545, 1.5614, 1.5756 The British Pound paused to consolidate losses after hitting a monthly following...

Talking Points:USD/CHF Technical Strategy: Flat Support:0.9193, 0.9071, 0.8963 Resistance: 0.9557, 0.9769, 0.9985 The US Dollar continues to tread water against the Swiss Franc as buyers attempt to...

Talking Points:EUR/USD Technical Strategy: Flat Support: 1.0968, 1.0818, 1.0661 Resistance:1.1100, 1.1277, 1.1466 The Euro is attempting to overturn the near-term down trend in play since mid-June...