Forex Opinion & Analysis

The pound plunged on Friday, suffering its largest one-day selloff in recent history; while the dollar and the yen soared as a shock U.K. vote to exit the European Union shook the global markets....

For the 24 hours to 23:00 GMT, the AUD weakened 1.61% against the USD to close at 0.7462. After UK’s decision to leave the European Union was officially announced, the Australian Prime...

For the 24 hours to 23:00 GMT, the USD rose 1.69% against the CAD to close at 1.2997. In the wake of Britain’s vote to leave the European Union., the Canadian Prime Minister, Justin Trudeau,...

For the 24 hours to 23:00 GMT, the USD rose 1.24% against the CHF and closed at 0.9738. Following the United Kingdom’s vote to leave the European Union, the Swiss National Bank (SNB) intervened...

For the 24 hours to 23:00 GMT, the USD weakened 3.62% against the JPY and closed at 102.21. In the Asian session, at GMT0300, the pair is trading at 101.77, with the USD trading 0.43% lower against...

For the 24 hours to 23:00 GMT, the GBP fell 8.38% against the USD and closed at 1.3633, plunging to a 31-year low, after Britain voted to leave the European Union (EU). Those in favour of leaving the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 128.47; (P) 144.28; (R1) 155.39; Intraday bias in GBP/JPY remains on the downside for the moment. Current down trend form 195.86 should target next projection...

USD/CADTrading opportunities for currency pair: After the UK referendum, the USD/CAD tested the solidity of the trend line. The target zone is 1.3288 – 1.3397. The upper line of channel one...

Previous: After the Brexit vote the euro/dollar fell five figures (-4.51%) to 1.0911. As soon as the official results of the voting were out for all to see, the currency market began a correction...

USD/CAD has been trading quite aggressively lower earlier after a decisive break out of an upward channel connected from May of 2015 lows, which was an important evidence for a change in trend. That...

The markets gapped lower this morning with the sterling in the eye of the storm. With the UK plunging into political uncertainty with many questions and few answers, the markets are bearing the brunt....

A wave of risk aversion eclipsed the financial markets during trading last week following the unanticipated Brexit victory that weighed heavily on global sentiment. Stock markets entered a free fall,...

US ISM Manufacturing PMI is a leading indicator and considering recent turn of events, I would probably be looking to go LONG on the USD even if the only reason is to stay ahead of risk aversion...

CA GDP is expected to come in at a low reading of 0.1%, and we’ll be looking for a minimum deviation of 0.3% to trade, considering Brexit fear and market’s potential risk aversion...