Forex Opinion & Analysis

AUD Construction activity falls in Q2 by -1.2%, with engineering construction dragging the Index down with a -3.1% fall. Building activity however saw a gain of +1.5%. Commodity Currencies AUD, NZD...

GBP/USD downside extension biasA roll back lower already to the minimal bounce range from ahead of minor resistance at 1.6600/05 to leave the bias still lower into this weekend early...

EURUSD – Trudging Towards 1.3100 As we wrote about in our weekly market commentary, we suspected the bearish pressure would remain. As you can see from the daily chart below, the Euro has gapped...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.94; (P) 172.25; (R1) 172.42; With 171.60 minor support intact, further rise could still be seen. Recent development argues that price actions from 175.36...

Solid consumer confidence data and easing geopolitical tensions pushed US equities higher overnight. S&P 500 closed at 2000.02, above 2000 handle for the first time on record. Dow 30 also rose...

EUR/USDThe euro trimmed gains against the U.S. dollar on Tuesday, to hold near 11-month lows after data showed that U.S. durable goods orders rose significantly more than expected in July, while core...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.28% against the USD to close at 0.9312.LME Copper prices rose 0.1% or $8.0/MT to $7096.0/MT. Aluminium prices rose 1.3% or $26.5/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.35% against the CAD to close at 1.0953.In the Asian session, at GMT0300, the pair is trading at 1.0931, with the USD trading 0.2% lower from...

For the 24 hours to 23:00 GMT, the USD traded tad higher against the JPY and closed at 104.09.In economic news, the Japanese small business confidence index fell to 47.7 in August, compared to market...

For the 24 hours to 23:00 GMT, the GBP fell 0.13% against the USD and closed at 1.6546.In economic news, the mortgage approvals in the UK declined to two-month low in July, diminishing optimism over...

For the 24 hours to 23:00 GMT, the EUR declined 0.14% against the USD and closed at 1.3168. The USD gained ground, following upbeat economic data from the US.In the US, the orders for the durable...

EUR/USD Open 1.3167 High 1.3215 Low 1.3151 Close 1.3165On Tuesday Euro/Dollar continued decreasing with 50 pips. The European currency depreciated from 1.3215 to 1.3163 yesterday, matching the...

Talking Points:Canadian dollar Outperforms While Other Leading Currencies Lag vs. US Dollar Burger King Worldwide Inc. Officially AnnouncesAcquisition of Tim Hortons Inc. Loonie Strength May Reflect...

 USD/JPY broke a more than 15-year trendline, leading many to envision the next leg of a large bull trend A connection to risk trends via carry trade and the market's inclination towards...