Forex Opinion & Analysis

Daily Forex Market Preview, 08/10/2018Australia released its retail sales report. Data showed that retail sales increased 0.3% on the month, matching estimates. In Japan, the household spending report...

EUR/JPY Daily OutlookDaily Pivots: (S1) 130.61; (P) 131.01; (R1) 131.43; Intraday bias in EUR/JPY remains mildly on the downside for the moment. The rise from 124.89 might have completed at 133.12...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6276; (P) 1.6316; (R1) 1.6382; EUR/AUD fails to take out 1.6353 resistance so far and intraday bias is turned neutral first. Further rally is expected as...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1486; (P) 1.1518; (R1) 1.1551; Intraday bias in EUR/USD remains neutral for consolidation above 1.1463 temporary low. Stronger recovery could be seen. But...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3039; (P) 1.3080; (R1) 1.3157; Intraday bias in GBP/USD remains on the upside for the moment. Further rise should be seen to retest 1.3297 resistance. But...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2905; (P) 1.2931; (R1) 1.2970; USD/CAD’s rebound from 1.2781 extends higher today. But for now it’s limited well below 1.3081 resistance, and such...

Investors will be closely monitoring developments in Chinese markets today as they reopen after a week long holiday. The PBOC announced a further cut to the reserve ratio on Friday in a bid to boost...

EUR/USD remains vulnerable short term to the downside on further weakness. But, a corrective recovery could occur in the new week. On the upside, resistance comes in at 1.1550 level. A break through...

EURUSD first resistance at 1.1540/45 but above 1.1550 targets 1.1590/95. On further gains look for a selling opportunity at 1.1630/40, with stops above 1.1660. We should find support at 1.1500/1.1490...

USDJPY holding below 113.95/114.05 is negative again for today with the near completion of a short term head & shoulders top. First support at 113.65/55 of course but below 113.50 is a minor sell...

The Forex market was very interesting to observe last week. Major news like the Non-Farm Payrolls report in the U.S., the new trade deal between the USA, Canada and Mexico, and Bank of Japan’s...

GBP/USD eyes key resistance zone located at the 1.3200/16 zone. This is coming on the back of its two-day strength on Thursday and Friday. Resistance stands at the 1.3150 level. A turn above here will...

The US dollar advanced against most of the major currencies last week, with Brexit hopes on the upswing, helping sterling the only major currency to resist the pressure. If players were looking for an...

The precious metals sector simply cannot buy a break. Since peaking, gold bugs have had several rally attempts squashed. And many of them due to the strength that the US Dollar has found in the past...