Forex Opinion & Analysis

USD/JPYUSD/JPY is still trading below the initial resistance of 110.60-110.70 despite trading above moving averages 50 and 50 as seen on the provided daily chart. Strength of the upside recovery is...

AUD/USD holding above 7210 again re-targets 7231/35 then first resistance at 7254/58. We should struggle here again, but look for strong resistance at 7285/90 on further gains. Just be aware that...

The dollar may be a touch weaker this morning, but given how expectations have risen for a June rate hike – albeit at a 28% probability according to sovereign debt markets – we may simply...

GBP/JPY Daily OutlookDaily Pivots: (S1) 159.06; (P) 160.06; (R1) 160.60; With 162.80 resistance intact, outlook in GBP/JPY stays bearish. That larger down trend is expected to resume later. Break of...

If you ask me we are all a little too scared of this Brexit issue. The currency has major issues regardless of what the referendum vote is.The general expectation is that the referendum turns up a yes...

Trading opportunities for currency pair: the GBP/CAD has an inverted cup with handle pattern forming on it. After a fall in the rate to 1.8855, a strengthening of the pound to 1.9640 is expected....

USD/JPY decreases after G7 meetingThe yen surged higher as Asian stocks declined. The USD/JPY slumped to touch 109.40 after the G7 meeting concluded with the US warning Japan against interventions to...

The euro has been on a rollercoaster the past few weeks as it has dealt with all manner of sentiment swings as the US Fed ramps up their rate hike rhetoric. Subsequently, it makes sense to take a look...

The US dollar has posted steady gains for three weeks now. Ahead of an important week that will see US durable goods orders, revised Q1 GDP estimates and Fed voting member speeches including Fed Chair...

The EUR/USD remains flat at 1.1220 ahead of PMI data today. The euro was dipping lower on stronger dollar after rising concerns over Fed rate hike in June especially as policy makers claimed that June...

GBP/USD has been trading to the upside last week from 1.4330 so it appears that corrective wave two was a flat especially if we consider recent turn down from 1.4667 highs. Decline is quite sharp so...

CA BOC Interest Rate today is expected to keep rates unchanged as there are very little expectations for any surprises today, although recent wild fire in Canada is definitely not helping any rate...

UK Revised GDP q/q is a second GDP release for the Q1 of 2016 period, and since it is the second release for the same quarter most data have already been made available, it’s less likely to...

US Prelim GDP release is the second release for the 1st quarter of 2016, which is expected to rise from the 0.5% reading on the advanced release. With the Fed taunting of a “live” meeting...