Forex Opinion & Analysis

EUR/USD retests strong resistance at 1.1110/20 as I write over night and again topped exactly here. We have dipped to 1.1065/60 and could continue lower to support at 1.1035/25. Longs need stops below...

Sterling has a steadier day, but future still uncertainUK markets had a semblance of stability yesterday as sterling licked its wounds after failing to break post-Brexit lows for the first time since...

The dollar recovered slightly from losses against other major currencies on Tuesday, as the release of upbeat U.S. data boosted optimism over the strength of the economy, lending support to the...

Global stocks attempted a strong rebound yesterday as the immediate shock of the UK vote to leave the EU appeared to dissipate. However, risk sentiment was still very weak as the pound made only a...

GBP/USDDespite the overall negativity, GBP/USD pair is trying to rise, taking advantage of failure breaching down 1.3105 support level previously. Moreover, ADX indicator did not prove positivity,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.08; (P) 136.25; (R1) 138.25; A temporary low is with 4 hours MACD crossed above signal line and intraday bias is turned neutral for consolidations. Upside...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.72% against the USD to close at 0.7393. LME Copper prices advanced 1.82% or $85.5/MT to $4777.5/MT. Aluminium prices rose 0.66% or $10.5/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CAD to close at 1.3018. In the Asian session, at GMT0300, the pair is trading at 1.3014, with the USD trading marginally lower...

For the 24 hours to 23:00 GMT, the USD strengthened 0.60% against the JPY and closed at 102.60. In the Asian session, at GMT0300, the pair is trading at 102.44, with the USD trading 0.16% lower...

For the 24 hours to 23:00 GMT, the GBP rose 1.02% against the USD and closed at 1.3353. In economic news, UK’s CBI distributive trade survey’s retail sales balance dropped to a level of...

For the 24 hours to 23:00 GMT, the EUR rose 0.55% against the USD and closed at 1.1070. In economic news, the Euro-zone’s import price index rose more-than-expected by 0.9% MoM in May,...

Markets continue to stabilise post-Brexit with global equities and commodities tentatively holding onto gains. A welcome distraction from the Brexit fallout were headlines that Japanese policymakers...

USD/JPY back above 102.00 to test resistance at 102.94/99 as we become overbought short term. Shorts need stops above 103.20 but a break higher sees 102.99/95 working as support to target 103.55/59...

INTRADAY CHART BIAS: We need a pullback before further gains. Resistance: 102.84 102.95-15 103.29-46 103.73-00Support: 102.25 102.10 101.75-85 101.39 MAIN ANALYSIS: So far so good. Momentum is...