Forex Opinion & Analysis

The US dollar held onto gains made after being boosted yesterday by upbeat US housing data. Rising US Treasury yields helped buoy the dollar after the NAHB Housing Market index rose more-than-expected...

EUR/USDRisk reward: 1.56Trend: DownSell at 1.3358 SL 1.3390 TP 1.3308USD/JPYRisk reward: 1.28Trend: UpBuy at 102.51 SL 102.19 TP 102.92GBP/USDRisk reward: 2.06Trend: Strong DownSell at 1.6726 SL...

EUR/USD: Some inter-range selling notedThe pair remains confined to meander insider those 1.3333/1.3433 parameters set some time ago. Yesterday some selling inside those was noted, but a break below...

UP NEXT: GBP: If we see any change in the voting tonight then this will be GBP bullish. However in light of consistently poor data from UK and continued mixed messages from Carney it remains...

GBP/USDOpen 1.6722 High 1.6738 Low 1.6694 Close 1.6725On Monday the GBP/USD continued increasing with 45 pips. The Cable appreciated from 1.6694 to 1.6738 yesterday, in converse with the negative...

EURUSD downside extension threatWe stated in our last report that “while below the higher area [1.3433/45], we see bias for a roll back lower to the range into midweek, back to 1.3360/55 and...

GBP/JPYDaily Pivots: (S1) 171.15; (P) 171.41; (R1) 171.81; With 172.57 resistance intact, deeper decline is still expected in the GBP/JPY for 169.53 key support level. Current development suggests...

CAD/JPY continues to rise after the recent breakout of the daily down channel that was earlier identified by Autochartist – as you can see from the following trade opportunity alert for this...

For the 24 hours to 23:00 GMT, the AUD traded tad higher against the USD to close at 0.9321.LME Copper prices rose 0.8% or $57.5/MT to $6910.0/MT. Aluminium prices rose 0.8% or $15.0/MT to...

For the 24 hours to 23:00 GMT, the USD traded marginally lower against the CAD to close at 1.0891.In economic news, foreign investors turned net seller of C$ 1.07 billion worth of Canadian securities...

For the 24 hours to 23:00 GMT, the USD rose 0.34% against the CHF and closed at 0.9067.In the Asian session, at GMT0300, the pair is trading at 0.9070, with the USD trading marginally higher from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.24% against the JPY and closed at 102.63.In the Asian session, at GMT0300, the pair is trading at 102.62, with the USD trading tad lower from...

For the 24 hours to 23:00 GMT, the GBP traded tad higher against the USD and closed at 1.6724.In economic news, the BRC reported that shopper numbers in the UK declined by 0.6% in July, compared to a...