Forex Opinion & Analysis

USD/JPY continues to have a quiet week, as the pair remains close to the 110 line in the Thursday session. On the release front, Japanese corporate inflation posted a weak gain of 0.2%, matching the...

Market Drivers May 26, 2016 Cable wobbles on GDP, housing data Yen dips on China Moody's downgrade Nikkei 0.09% Dax 0.27% Oil $50/bbl Gold $1227/oz. Europe and AsiaGBP: UK GDP 2.0% vs. 2.1%GBP: BBA...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.75; (P) 161.63; (R1) 162.84; With 162.80 resistance intact, outlook in GBP/JPY stays bearish. The larger down trend is expected to resume later. Below...

Yesterday’s Trading:By trade close on Wednesday, the euro/dollar closed slightly up. The day was difficult for the buyers since the euro was under pressure from the cross rates during the...

The dollar held steady at two-month highs against the other major currencies on Wednesday, as expectations for a June rate hike in the U.S. continued to boost demand for the greenback. The dollar...

GBP/USDGBP/USD continues to incline, ignoring the overbought signs on momentum indicator, while ADX remains positive. Moving averages are positive, while the pair trades around 1.4725. We need to...

EUR/USD has posted small gains on Thursday, continuing the trend seen in the Wednesday session. The pair is trading at 1.1180. On the release front, there is just one Eurozone release on the schedule,...

EUR/USD first resistance at 1.1175/80 is a challenge but above here strong resistance at 1.1200/10 is the main challenge for bulls today but there is also quite strong resistance at this week's high...

London Forex Report: Disappointment in US PMI services, coupled with softer PMI manufacturing reading released earlier in the week were sufficient to stir uneasiness in the markets over prospects of...

Crude oil prices extended their rally into a third day on Thursday as Brent crude broke above $50 a barrel for the first time in nearly 7 months. US oil futures also rose to fresh 7-month highs,...

EUR/USD has been trading flat at the 1.114 level of support, which could indicate a retracement on a break above 1.120. The upside remains limited, with the resistance at 1.138 - 1.140 proving hard to...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.17% against the USD to close at 0.7188. LME Copper prices declined 0.02% or $1.0 /MT to $4636.0 /MT. Aluminium prices declined 0.90% or $14.0 /MT...

For the 24 hours to 23:00 GMT, the USD declined 0.79% against the CAD to close at 1.3029. The Canadian dollar gained ground after the Bank of Canada (BoC) held its benchmark interest rate steady at...

For the 24 hours to 23:00 GMT, the USD declined 0.12% against the CHF and closed at 0.9915. The Swiss Franc gained ground, after Switzerland’s UBS consumption indicator advanced to a level of...