Forex Opinion & Analysis

Downward revisions of growth and inflation forecasts by the BoE weighed on European sentiment while the US equity markets took a breather after rising for five consecutive days.UST yields rose on...

USD/JPY chart (below) offers strong evidence for Nomura's technical view for 'the dollar is topping' theme. "Last week we called for one more push to 116.52 to complete a 5-wave cycle from 105.23. The...

EUR/USDThe euro remained moderately lower against the U.S. dollar on Wednesday, as euro zone industrial production data released earlier in the day continued to weigh and the greenback continued to...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.24% against the USD to close at 0.8716.LME Copper prices declined 0.96% or $64.5/MT to $6752.5/MT. Aluminium prices rose 2.18% or $44.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD to close at 1.1319.On the macro front, the Teranet/National Bank of Canada indicated that Canada’s house price index...

For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CHF and closed at 0.9670.In the Asian session, at GMT0400, the pair is trading at 0.9663, with the USD trading 0.07% lower from...

For the 24 hours to 23:00 GMT, the GBP fell 0.96% against the USD and closed at 1.5767, after the BoE in its recent quarterly inflation report forecasted Britain’s inflation rate to fall below...

For the 24 hours to 23:00 GMT, the EUR declined 0.34% against the USD and closed at 1.2432, after the ECB Chief, Mario Draghi stated that the central bank stands ready to take further unconventional...

Talking PointsStrategy: Flat Missing Reversal Signals May Open Further Gains Shooting Star Awaiting Confirmation On H4 Chart AUD/USD’s recovery has continued amid of an absence of bearish...

Talking Points: EUR/GBP Technical Strategy: Flat Support: 0.7803, 0.7728, 0.7654 Resistance: 0.7896, 0.7953, 0.8030 The Euro moved lower against the British Pound as expected after showing a...

Talking Points: NZD/USD Technical Strategy: Flat Support: 0.7831, 0.7682, 0.7584 Resistance:0.7872, 0.7937, 0.8034 The New Zealand Dollar advanced as expected against its US counterpart having...

Talking Points Strategy: Flat Clean Ascent May Prove Challenging Amid Downtrend H4 Timeframe Reveals Reluctance From The Bulls NZD/USD continues its climb with a void of bearish candlesticks...

Talking PointsStrategy: Short, Stop: 1.5880 (Close), Target: 1.5790 Bullish Engulfing Formation Denied Confirmation H4 Chart Doji Reveals Hesitation From The Bulls GBP/USD sharp retreat has left...

Talking Points: EUR/USD Technical Strategy: Short at 1.2710 Support: 1.2352, 1.2299, 1.2234 Resistance:1.2482, 1.2559, 1.2621 The Euro may be preparing to launch a recovery against the US...