Forex Opinion & Analysis

USD/CADWe stressed in our client reports from mid-June that “the mounting threat is for a re-energizing of bearish pressures through 1.0813”The plunge below 1.0813 on Friday, after a...

(Bitcoin) is trading near the important 600 level. The significance of this level can easily be gauged from the hourly chart above, which easily shows the level being tested numerous times and hints...

GBP/USDOpen 1.7028 High 1.7050 Low 1.7000 Close 1.7026On Monday the GBP/USD traded within 50 pip range. The Cable depreciated from 1.7050 to 1.7000 yesterday, in line with the negative money flow...

In line with our expectations AUD/USD was supported by the bullish daily Ichimoku Cloud in the $0.9320 area. The pair formed a bullish engulfing model on Wednesday. However, the bullish Cloud has...

USD/JPY spent the week in a tight 102.30/101.70 range. Market sentiment turned bearish following the more dovish than expected US Federal Reserve meeting on Wednesday. Expectations of the BOJ...

GBP/USD had another successful week, climbing to its highest level since October 2008. Cable rose to levels above $1.7050 on the back of an increasing monetary policy divergence between the US and UK...

GBP/JPYDaily Pivots: (S1) 173.22; (P) 173.52; (R1) 173.86; Outlook in the GBP/JPY is unchanged. It should be noted that the cross is staying in medium term range below 174.84 key resistance. In case...

EUR/USDEuro-area manufacturing and services activity weakened in June amid a further slowdown in France’s economy, underscoring the fragility of the recovery in the 18-nation region. A...

EUR/USD Daily Analysis: Strong trend momentum has nearly died out completely on the Euro as the markets have decided that a fair market price has been established for the pair between 1.35-1.3675...

For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.0731.In an interview with Bloomberg Television, Canadian Finance Minister, Joe Oliver, projected inflation rate in...

For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.8945.In economic releases, data showed that Swiss M3 money supply rose 7.6% (YoY) in May, following an 8.0% (YoY)...

For the 24 hours to 23:00 GMT, the USD weakened 0.19% against the JPY and closed at 101.89.Yesterday, in a speech to one of Japan’s leading business associations, the BoJ Governor, Haruhiko...

We seem to have had a good forecast for yesterday with 5 of our pairs conforming to our forecast. The Oceanic pairs did not reach our demand zones but had some massive strength that came in that...

For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.7029.Yesterday, a BoE policymaker, David Miles, in his written newspaper comment, highlighted his willingness to...