Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the GBP rose 0.46% against the USD and closed at 1.4696. In the Asian session, at GMT0300, the pair is trading at 1.4702, with the GBP trading marginally higher from...

For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.1155, following the release of optimistic reports from Germany, the Euro-zone’s largest economy. Data showed...

The EUR/USD daily chart has fallen in a series of 4 consecutive sell climaxes and is in a support zone. This means that it can bounce at any time. However, the bear channel from the the May 3 high has...

The cable has been recovering strongly from its latest tumble but could be set to plummet, given a nascent double top pattern, which is forming on the daily chart. Additionally, as the pair reaches a...

Stock markets surged with ferocity during trading on Tuesday following the incredible US new homes sales report, which reinforced expectations over the Federal Reserve raising US rates in Q2. American...

The inverse correlation between the U.S. dollar and oil seems to have been ignored in recent days. Although the dollar appreciated by more than 2.7% against a basket of currencies since the beginning...

USD/JPY: With USD/JPY continuing to hold on to its upside pressure, more recovery higher is expected though hesitating. While the 110.58 zone remains unbroken, we may continue to price hesitation. On...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.One of the best-performing currencies this month, this week and even on Wednesday is sterling. The British pound climbed to its...

Another ramp up in GBP, taking out 1.4660/65 in cable and .7600 against the EUR. CAD fighting back as BoC less dovish on wildfires impact.The usual suspects have been providing the volatility in FX...

NZD/USD continues to have a quiet week, as the pair trades at 0.6750 in Wednesday’s North American session. On the release front, New Zealand Trade Surplus surged to NZ$292 million, much higher...

The EUR/USD broke through the 1.1175 level, touching the target. Now, trade should be focused on 1.1140 important support (X - cross with equidistant lower channel line).Pullbacks towards 1.1250 could...

Currently we are 1.6591 in a large channel. We are looking for continuation to the 1.270 Fibo at 2.0541 with a further target at 2.0676 later this week. The average daily true range (ATR) for the pair...

Market Drivers May 25, 2016 EZ IFO bit better NZD Trade surprises to upside Nikkei 1.52% Dax 1.37% Oil $49/bbl Gold $1221/oz. Europe and AsiaNZD: Trade Balance 292M vs. 25MAUD: Construction Work Done...

The Australian dollar continues to have an uneventful week, as the pair trades at the 0.72 line in the Wednesday session. On the release front, Australian Construction Work Done came in at -2.6%,...