Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the GBP declined 0.19% against the USD and closed at 1.2417. Data indicated that, UK’s annualised retail sales increased at the fastest pace in more than fourteen...

For the 24 hours to 23:00 GMT, the EUR declined 0.7% against the USD and closed at 1.0626. According to minutes of the European Central Bank’s (ECB) most recent meeting, policymakers were ready...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.51; (P) 136.20; (R1) 137.42; GBP/JPY's rally is still in progress and intraday bias stays on the upside for 138.81 resistance. As noted before, bullish...

Dollar surged overnight with the dollar index hitting 14 year high after Fed chair Janet Yellen's positive comments on the economy and rate hike. In her Congressional Joint Economic hearing, Yellen...

Key Points: Bears likely to remain in control of AUD in the short term. AUD impacted by poor employment change result. Fed likely to hike FFR 25bps in December. The Australian dollar has declined...

Today the Australian dollar continued falling against its US counterpart, hitting key support at 0.7450. The pair last touched this important level back in late September, as described in my previous...

USD/CAD: On yesterday’s blog, we were watching for a USD/CAD breakout and retest.After having broken out of a higher time frame resistance level, we had identified the price action as possibly a...

First thing this morning we saw some signs of a USD correction in the making, but despite soft manufacturing and industrial production yesterday and a slightly softer core inflation rate, the market...

DX is Back at the Top of its Red Flat-Topped Megaphone and is a Favorite to Make Another Trip to its Bottom The US Dollar has returned to the top of its flat-topped megaphone (red). It has formed a...

Gold hiked on Tuesday from 1218.90 low to 1231.64 high and closed at 1228.64. Yesterday, XAU/USD marched to a higher price scoring 1233.07, then plunged to 1221.50 low and closed at 1224.13. The...

XAG/USD opened yesterday at 17.04 and took a hike clocking a high at 17.23, touching 200 SMA at 17.19, then failed to guard the 17 handle. The shiny metal started a bearish afterwards sinking to...

EUR/USD: Yellen May Spur Some Profit Taking TodayPhiladelphia Federal Reserve President Patrick Harker said he favored raising interest rates and that the U.S. central bank might have to hike more...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.55; (P) 135.55; (R1) 136.96; Intraday bias in GBP/JPY remains on the upside with 134.17 minor support intact. As noted before, bullish convergence...