Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the AUD declined 0.47% against the USD and closed at 0.7608. LME Copper prices rose 5.3% or $284.0/MT to $5619.0/MT. Aluminium prices rose 2.0% or $35.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.45% against the CAD and closed at 1.3468. On the data front, Canada’s new housing price index rose by 0.2% MoM in September, meeting market...

For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CHF and closed at 0.9863. In the Asian session, at GMT0400, the pair is trading at 0.9860, with the USD trading marginally lower from...

For the 24 hours to 23:00 GMT, the USD rose 1.04% against the JPY and closed at 106.74. In the Asian session, at GMT0400, the pair is trading at 106.47, with the USD trading 0.25% lower against the...

For the 24 hours to 23:00 GMT, the GBP rose 1.05% against the USD and closed at 1.2543. In the Asian session, at GMT0400, the pair is trading at 1.2555, with the GBP trading 0.1% higher against the...

For the 24 hours to 23:00 GMT, the EUR declined 0.29% against the USD and closed at 1.0886. In economic news, data indicated that Italy’s seasonally adjusted industrial production dropped...

Short Term Elliott wave cycles suggests that decline to 1.418 ended wave W and bounce to 1.4885 ended wave X. Decline from there is unfolding as a double three where wave (w) ended at 1.407.Wave (x)...

GBP/JPY: The cross remains on recovery after rejecting lower level prices on Wednesday. On the downside, support comes in at the 133.00 level where a violation will aim at the 132.00 level. A break...

The EUR/USD had a big bar yesterday. It has had many in its 18-month trading range. Yet, each failed to create a breakout. The EUR/USD Forex chart rallied 200 points on the initial election results....

Not a huge amount of news or data to trade off today, but in the wake of US President elect Trump’s victory, much of the market is catching its breath. However, the overall theme has been that...

Gold is resisting the bounce in the dollar, as it has done in the past. Once the dollar is ready to roll over into an intermediate cycle low gold will be ready to fly.

Following Trump's historic Presidency election win, there was a sudden move for risk-off due to the uncertainties of his polices with safe-haven currencies like Yen, appreciating strongly....

Currently we are 1.5128. We are looking for a continuation move to the possible trend top at 1.5160 area and then the start of the 5th wave down. The initial target is 1.5028. The average daily true...

Market Drivers November 10, 2016 USDJPY takes out 106.00 Aussie runs through 7740 Nikkei 6.72% DAX 1.00% Oil $45/bbl Gold $1281/oz. Europe and AsiaNZD: RBNZ rates at 1.75% – 25bp as expectedAUD:...