Forex Opinion & Analysis

The Australian dollar has posted gains on Tuesday, as the pair trades at 0.7240. On the release front, Australian Building Approvals posted a gain of 3.0%, easily beating expectations. Australia well...

Autochartist recently identified the breakout of the high-quality falling wedge chart pattern on the 4-hour EUR/JPY charts.The overall quality of this falling wedge is rated by Autochartist at the 8...

The dollar reached a two-month high against a basket of currencies and a one-month high against the yen on Monday, after Federal Reserve Chair Janet Yellen fanned expectations the Fed would raise U.S....

Another set-up for bearish EUR/GBP viewOriginal post

Although RSI and ADX show exhaustion, but can see how the USD/JPY has found support above 110.65 –main support- during the Asian session and it is currently moving upwards again influenced by...

Welcome back to a holiday-shortened trading week which is fully loaded with important risk events and economic data.Friday's Non-Farm Payrolls report remains the biggest news of all while the European...

Trading Themes: Weak US PMI data sets stalled the USD’s bullish advance midweek with the service sector reading falling back to 51.2 in May and manufacturing equally disappointing. Despite these...

EUR/USD has posted small losses on Tuesday and is trading at 1.1130.On the release front, it’s a busy day in the Eurozone and the US. Eurozone CPI Flash Estimate posted a small decline of 0.1%....

London Forex Report: Following Yellen’s hawkish comments that a rate hike in the US in the coming months will be appropriate given that economic data continue to point to recovery of the US...

EUR/USD could find some support at the uptrend line and the 200-day SMA.Original post

AUD/USD INTRADAY CHART BIAS: The current recovery may well cause a recycling… Resistance: 0.7197 0.7210 0.7230-43 0.7259Support: 0.7171 0.7130-48 0.7108 0.7068 MAIN ANALYSIS: It seems we may...

Australian dollar jumps on better than expected economic dataThe AUD/USD surged higher to touch 0.7250 high after upbeat building approval data and strong net exports. Reserve Bank of Australia (RBA)...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.58; (P) 162.23; (R1) 163.28; GBP/JPY's rise continues today and the break of 162.80 resistance now argues that a medium term bottom is formed at 151.64 on...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.15% against the USD to close at 0.7186. LME Copper prices rose 0.43% or $20.0/MT to $4725.5/MT. Aluminium prices declined 0.06% or $1.0/MT to...