Forex Opinion & Analysis

Market BriefThe US dollar extended losses in overnight trading, putting an end to an impressive rally initiated after Trump election. After testing 100.22 on Monday, the dollar index returned to 99.66...

NZD/CAD recently reversed down sharply from the top of the up channel chart pattern which was previously identified by Autochartist on the daily charts. Autochartist rates the quality of this chart...

The EUR/USD consolidated losses within 1.0736/1.0771 in Asia. Trend and momentum indicators remain comfortably negative for a successful re-test of 1.0710 (Jan 4th low), before extending the downtrend...

Daily Forex Market Preview, 15/11/2016The US dollar continued to chug along higher yesterday with the December futures contracts posting a 52-week high at 100.24. The dollar index is familiar with the...

The financial markets’ reaction to Trump’s victory seems to be abating early Tuesday with the dollar index retreating for the first time in six days after approaching its highest levels in...

For the 24 hours to 23:00 GMT, the AUD rose 0.15% against the USD and closed at 0.7563. LME Copper prices declined 4.75% or $280.0/MT to $5620.0/MT. Aluminium prices declined 0.68% or $12.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CAD and closed at 1.3542. In the Asian session, at GMT0400, the pair is trading at 1.3534, with the USD trading 0.06% lower against...

For the 24 hours to 23:00 GMT, the USD rose 0.8% against the JPY and closed at 108.27. In the Asian session, at GMT0400, the pair is trading at 108.04, with the USD trading 0.21% lower against the...

For the 24 hours to 23:00 GMT, the GBP declined 0.52% against the USD and closed at 1.2501. In the Asian session, at GMT0400, the pair is trading at 1.2485, with the GBP trading 0.13% lower against...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.51; (P) 135.06; (R1) 136.02; With 130.23 minor support intact, further rise is still expected in GBP/JPY. As noted before, bullish convergence condition in...

For the 24 hours to 23:00 GMT, the EUR declined 0.56% against the USD and closed at 1.0744. In economic data, the Euro-zone’s seasonally adjusted industrial production dropped...

Dollar trades mildly lower as recent rally is taking a breath. But the greenback stays generally firm as supported by Fed hike expectations. Fed fund futures are pricing in 85.8% chance of a December...

The primary sentiment driver for USD is the bond markets as selling continues across Global Capital Markets. The yield on 10-Year Treasuries has increased above to 2.20% as pricing for a December FOMC...