Forex Opinion & Analysis

Gregor Horvat
S&P 500 Can Recover Towards 2048
By Gregor Horvat - Oct 07, 2015

S&P 500 moved nicely to the upside in the last few trading days and hit our 1970 projection as upward minimum objective. But notice that move up from yesterday was very strong so looks like market...
FX Daily Technical Report: October 07, 2015
By  - Oct 07, 2015

USD/JPY Sharp pullbacks again have been witnessed from 120.60, taking the pair below SMA20 - colored in green - as seen on the provided daily chart. However, the USD/JPY still stable above 119.60 and...

Technical Trading
Daily FX And Dow Jones Levels: October 7, 2015
By Technical Trading - Oct 07, 2015

EUR/USD Today’s support: -1.1250, 1.1226, 1.1207 and 1.1183(main), where correction is possible. Break would give 1.1160, where correction also may be. Then follows 1.1132. Break of the latter ...

GCI Financial
Aussie Trading Higher In The Asian Session
By GCI Financial - Oct 07, 2015

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.06% against the USD to close at 0.7157. LME Copper prices rose 0.59% or $ 30.5/MT to $ 5175.0/MT. Aluminium prices declined ...

GCI Financial
Loonie Extends Its Gains In The Morning Session
By GCI Financial - Oct 07, 2015

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CAD to close at 1.3038. In economic news, Canada’s Ivey purchasing managers index fell to a level of 53.7 in ...

GCI Financial
Swiss Franc Trading On A Stronger Footing This Morning
By GCI Financial - Oct 07, 2015

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.85% against the CHF and closed at 0.9673. The Swiss Franc came under pressure, after the nation’s consumer prices fell for ...

GCI Financial
BoJ Kept Monetary Policy Unchanged
By GCI Financial - Oct 07, 2015

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.18% against the JPY and closed at 120.22. Yesterday, the IMF trimmed its growth forecast for Japan to 0.6% in 2015, from its ...

EUR/USD Continues To Tighten Above 1.12
By PipHut  - Oct 07, 2015

EUR/USD Daily Analysis: EUR/USD has been in a tightening consolidation triangle since late August's high above 1.17, with 1.11 providing long-term support. In the intraday picture we are short-term ...

Steven Knight
Challenges Ahead For The USD: A Q4 Forecast
By Steven Knight - Oct 07, 2015

The US economy fared relatively well throughout the quarter with some signs of strengthening evident within the economy. US GDP growth remains moderate growing by an annualised rate of 3.9% q/q in Q2,...

Forex Watchers
EUR/USD To Proceed Long Above 1.12400 And 1.1271
By Forex Watchers - Oct 07, 2015

Good morning. Hope all is well! We were a bit off on our forecast for yesterday with only a 43% accuracy. We did end up taking a mixed stance for yesterday. Looks like both the yen and the greenback ...

Christopher Lewis
EUR/CAD To Break Down?
By Christopher Lewis - Oct 07, 2015

The EUR/CAD pair broke down below a pretty significant area during the session on Monday. This was an area that featured a significant uptrend line, although it had been pierced on a gap lower in late...