Forex Opinion & Analysis

Market BriefThe Central Bank actions continue dominating the week’s economic headlines. Following the PBoC rate cut, the RBI lowered the benchmark repo rate by 25 basis points to 7.50% via...

GBP/NZD is showing regular bullish divergence right at support. We can see POC forming at 2.0320 region , where the price has made a double bottom and divergence right at L3 camarilla level. We also...

The v.short-term trend is extending lower, towards the Jan 26 lows at 1.1097. It is now falling in line with the broader longer-term trend, and I expect to see it go even lower. As I said in my...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.46; (P) 184.08; (R1) 184.52; With 181.65 minor support intact, further rally is expected in GBP/JPY for 187.79/189.70 resistance zone. We'd expect strong...

EUR/USD The euro continues to move within near-term consolidative range, confirmed by the third consecutive Doji candle, however, near-term tone remains negatively aligned, as the pair posted...

EUR/USDRisk reward: 1.66Volatility: AverageDown at 1.1178 Limit 1.1210 Target 1.1125USD/JPYRisk reward: 1.94Volatility: AverageUp at 119.61 Limit 119.29 Target 120.23GBP/USDRisk reward:...

The aussie returned a small portion of the previous day’s gains, after the country’s GDP report came in slightly lower-than-expectations. The Reserve Bank of Australia had decided to keep...

EUR/USDThe euro fell to one-month lows against the U.S. dollar on Tuesday, as caution ahead of the European Central Bank's monthly policy meeting overshadowed upbeat economic reports from Spain and...

For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CAD to close at 1.2490. The CAD gained ground, following stronger than expected GDP data in Canada.The nation’s economy expanded...

For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CHF and closed at 0.9612.Losses in Swiss Franc were kept in check, after Switzerland’s GDP grew 0.6% on a quarterly basis in 4Q...

For the 24 hours to 23:00 GMT, the USD weakened 0.42% against the JPY and closed at 119.69.In the Asian session, at GMT0400, the pair is trading at 119.65, with the USD trading marginally lower from...

For the 24 hours to 23:00 GMT, the GBP traded a tad higher against the USD and closed at 1.5364, following upbeat Markit construction PMI data in the UK.Britain’s Markit construction PMI...

For the 24 hours to 23:00 GMT, the EUR traded a tad higher against the USD and closed at 1.1179, following encouraging German retail sales data.Data revealed that retail sales in Germany jumped 2.9%...

EUR/USD Daily Pivots R3 - 1.1272 R2 - 1.1244 R1 - 1.1209 Pivot - 1.1181 S1 - 1.1146 S2 - 1.1118 S3 - 1.1083EUR/USD's failure to rise above the short term peak at 1.12335 resulted in price falling down...