Forex Opinion & Analysis

USD/JPY has ticked lower on Tuesday, as the pair trades at 110.70. On the release front, there are no Japanese events on the schedule. The US will release Existing Homes and the Richmond Manufacturing...

GBP/JPY Daily OutlookDaily Pivots: (S1) 136.87; (P) 137.86; (R1) 139.46; Intraday bias in GBP/JPY remains on the upside for the moment. Focus remains on 138.81 resistance as the cross is now...

EUR/USD is showing little movement on Tuesday, following strong gains in the Monday session. Currently, the pair is trading at 1.0640. On the release front, it’s another quiet day. The sole...

A strong rally on USD/JPY last week above 106.00 suggests that market is in a bigger and more complex recovery which can be wave B of a higher degree as shown on a daily chart. If that's the case then...

Market BriefThe S&P 500 broke another record yesterday as it closed at an all-time high, breaking the previous record from August 23rd this year. The blue chip index closed at 2,198 points on...

AUD/NZD continues to fall inside the clear triangle chart pattern which was previously identified by Autochartist on the daily charts. Autochartist rates the quality of this triangle at the 5 bar...

For the 24 hours to 23:00 GMT, the AUD rose 0.57% against the USD and closed at 0.7365. In economic news, data showed that Australia’s CB leading indicator rose by 0.5% in September, after...

For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CAD and closed at 1.342. In the Asian session, at GMT0400, the pair is trading at 1.3400, with the USD trading 0.15% lower against...

For the 24 hours to 23:00 GMT, the USD declined 0.12% against the JPY and closed at 110.79. In the Asian session, at GMT0400, the pair is trading at 110.66, with the USD trading 0.12% lower against...

For the 24 hours to 23:00 GMT, the GBP rose 1.22% against the USD and closed at 1.2486. In the Asian session, at GMT0400, the pair is trading at 1.2488, with the GBP trading marginally higher against...

For the 24 hours to 23:00 GMT, the EUR rose 0.27% against the USD and closed at 1.0636. Yesterday, the European Central Bank (ECB) President, Mario Draghi, in his statement to the European...

The US dollar closed bearish yesterday for the first time after a strong 10-day gain that saw prices rally from 98.00 to trade above 101. The bearish close in the dollar offered some respite for the...

Key Points: Market awaits Japanese CPI figures. A lack of persistent inflation likely to continue for the pair. Expect further greenback appreciation in the coming days. The USD/JPY continued to rally...