Forex Opinion & Analysis

Dollar pullbacks are shallow, confirming the strength in the dollar after the weekly reversal I mentioned in my previous posts regarding the dollar index.Favorite pair remains USD/CAD, targeting...

GBP/USD drops on weaker than expected UK CPI dataThe GBP/USD treaded water to touch the 1.4396 low after a lower than expected UK inflation report. The GBP/USD hovered lower on a stronger dollar after...

Dollar rebounds as June seen as liveYesterday was a day of rebounds – a stronger yen and USD, a weaker sterling and lower commodity currencies. ‘Turnaround Tuesday’s’ are a...

The U.S. dollar dipped against a basket of major currencies on Tuesday, after U.S. inflation data failed to convince currency traders that the Federal Reserve was moving closer to another interest...

USD/CHFThe USD/CHF has been able to clear the initial resistance of 0.9780, achieving a daily closing above it. Although RSI is moving near overbought levels, ADX still remains strongly positive. We...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.86; (P) 157.91; (R1) 158.92; The consolidation pattern from 151.64 is still in progress and could extend. Further rebound might be seen but upside should...

AUD/USD: In this trade a long was taken at the strong VSA signal, though there was distribution behind. This is seen by the multiple Major Supply signals, with the prices not advancing further. A bit...

The dollar and the yen both headed higher on Wednesday as strong data boosted both currencies.Japan’s economy expanded by more-than-expected in the first three months of the year, data out today...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD to close at 1.2908, after US consumer prices advanced above expectations in April. In economic news, Canada’s...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CHF and closed at 0.9801, following the release of upbeat US consumer price index data. On the economic front,...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally strengthened against the JPY and closed at 109.09. In the Asian session, at GMT0300, the pair is trading at 109.29, with the USD...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.30% against the USD and closed at 1.4453. In economic news, UK’s consumer price index (CPI) advanced less-than-expected by 0.1%...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.1310. In economic news, the Euro-zone’s seasonally adjusted trade surplus widened to...

GBP/USDMain scenario:The pair is trading along a sideways trend between 1.4480 and resistance 1.4525.A downtrend will start as soon as the pair drops below support level 1.4480, which will be followed...