Forex Opinion & Analysis

EUR/USD The euro’s near term price action is at the back foot after recovery attempt stalled at 1.3649, where 55SMA capped and fresh easing re-tested levels below 1.36 handle, with consolidation...

GBP/JPYDaily Pivots: (S1) 170.70; (P) 171.15; (R1) 171.88; Intraday bias in the GBP/JPY remains neutral first. As long as 171.97 resistance holds, deeper decline is still expected. Such fall is...

Market BriefThe RBA kept its cash rate target at the historical low of 2.5% as widely expected. The Governor Stevens said there are signs of improvement in non-resources industries, while dismissing...

The U.S. dollar continued to trade higher against most forex majors as investors awaited the announcement of ISM Manufacturing reports. The greenback strengthened versus safe havens like the Yen and...

Traders seem very happy to watch and wait for Thursday’s fireworks it seems with price action particularly quiet yesterday. Eurozone manufacturing PMIs further increased the belief that...

GBP/USDOpen 1.6744 High 1.6774 Low 1.6720 Close 1.6742On Monday the GBP/USD decreased insignificantly with almost 55 pips. The Cable depreciated from 1.6774 to 1.6720 yesterday, in line with the...

GBP/USD While the price respects the broken trendline and remains below 1.68 resistance zone, the near-term bias remains bearish on D1. Since the declines last Wednesday which broke beneath the...

EUR/USD Daily Analysis: With all eyes on the upcoming ECB meeting (Thursday) and Draghi’s potential actions, we are going to discuss what the market is expecting (i.e. priced in already)...

For the 24 hours to 23:00 GMT, the AUD weakened 0.70% against the USD to close at 0.9241.LME Copper prices edged up 0.1% or $7.5/MT to $7003.0/MT. Aluminium prices declined 0.4% or $7.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.50% against the CAD to close at 1.0900.In the Asian session, at GMT0300, the pair is trading at 1.0898, with the USD trading marginally lower from...

For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CHF and closed at 0.8985, buoyed by the latest batch of strong manufacturing PMI data from the US economy. On the other hand, the Swiss...

For the 24 hours to 23:00 GMT, the USD strengthened 0.57% against the JPY and closed at 102.40.In the Asian session, at GMT0300, the pair is trading at 102.39, with the USD trading a tad lower from...

For the 24 hours to 23:00 GMT, the GBP fell marginally against the USD and closed at 1.6746, as data showed that mortgage approvals in the UK fell for the third-straight month to a nine-month low...