Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.26; (P) 171.56; (R1) 171.90; Intraday bias in GBP/JPY remains neural for the moment. Overall outlook is unchanged. price actions from 174.84 are viewed as...

Euro weakness and the comparative strength of sterling remained the main theme in the forex markets as the weekly close is approaching. The main focus today is German IFO business climate, which is...

EUR/USDThe euro was set for a three-week decline before data that may show German business confidence fell, adding to signs of regional weakness that may prompt the European Central Bank to boost...

GBP/CHF recently reversed down from the upper resistance trendline of the 4-hour Up Channel that was previously identified by Autochartist – as can be seen from the following trade opportunity...

For the 24 hours to 23:00 GMT, the AUD weakened 0.21% against the USD to close at 0.9226.LME Copper prices rose 1.5% or $104.5/MT to $6945.5/MT. Aluminium prices advanced 1.8% or $31.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CAD to close at 1.0892.In economic news, Canadian retail sales unexpected dropped 0.1% (MoM) to C$41.07 billion in March, following...

For the 24 hours to 23:00 GMT, the USD strengthened 0.32% against the JPY and closed at 101.77, buoyed by the recent batch of strong US manufacturing and housing data.Yesterday, the BoJ, in its...

For the 24 hours to 23:00 GMT, the GBP fell 0.19% against the USD and closed at 1.6867, as the latter benefited from a strong US manufacturing and housing data.In the UK, the BoE Governor, Mark...

The GBP/USD was unable to continue the upward momentum yesterday and as you can see from the chart, slipped under the bullish channel and is now testing the 1.6850 support area. A clear break below...

Good morning! Hope all is well. Yesterday’s forecast was on the border with approximately 4 pairs out of the 7 moving in the directions that we had predicted and then markets turned around...

Daily FX Market Roundup for 05-22-14Dollar: Uninspiring U.S. DataEUR to Drift Lower Ahead of June MeetingGBP: Hit by Rise in Public Sector BorrowingCAD Shrugs Off Decline in Retail SalesAUD: Shakes...

AUD/USD for Friday, May 23, 2014Last week the Australian dollar was placing pressure on the resistance level at 0.94 and it was able to poke through for a short period and reach a four week high...

I’m quite satisfied with yesterday’s analysis. There were a few tweaks but within the options open. There is an interesting confluence of patterns that threaten to make the next day or two...

Dollar Rebounds, Uninspiring U.S. Data EUR to Drift Lower Ahead of June Meeting GBP: Hit by Rise in Public Sector Borrowing CAD Shrugs Off Decline in Retail Sales AUD: Shakes Off Stronger Chinese...