Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD strengthened 0.65% against the JPY and closed at 109.96. In the Asian session, at GMT0300, the pair is trading at 110.1, with the USD trading 0.13% higher from...

For the 24 hours to 23:00 GMT, the GBP rose 1.02% against the USD and closed at 1.4628, after a fresh poll indicated renewed support for Britain to stay in the European Union, thus easing Brexit...

For the 24 hours to 23:00 GMT, the EUR declined 0.67% against the USD and closed at 1.1139, after the Euro-zone & German ZEW surveys reflected weakening economic sentiment. Data showed that the...

Main scenario:The pair is trading along a sideways trend between support 1.4600 and resistance 1.4670, where downtrend will start as soon, as the pair drops below support level 1.4600, which will be...

EUR/USDMain scenario:While pair is trading above support 1.1135, a correction can be made to resistance level 1.1160 - 1.1180. The downtrend may be expected to continue in case the market drops below...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.99; (P) 160.01; (R1) 161.98; With 162.80 resistance intact, outlook in GBP/JPY stays bearish. The larger down trend is expected to resume later. Break of...

AUD/USD on the 15 minutes timeframe, is showing significant buying at nearby prices, with an inverse head-and-shoulders price pattern. This price pattern is characterized by 3 bottoms, and unlike...

London Forex ReportUS new home sales surprised with a hefty 16.6% MoM jump to 619k units in April, its highest in eight years. Adding to the positive data, the last two month's sales were revised up...

CurrenciesEUR/USD – dropped below the support levels amid strong data out of the US which is signaling that the US economy is in good shape and that increases the chance of a rate hike in June...

EUR/USD moves sluggishly on strong U.S. housing reportThe EUR/USD decreased sharply to touch the 1.1133 low after strong US housing data, which boosts expectations that the Fed is going to hike rates...

The US dollar pared some of yesterday’s sharp gains when it rose on the back of solid US housing data. The dollar index climbed to a two-month high of 95.66 at the start of today’s Asian...

How can you make profitable trades?Trades should be based on major financial events today. Today we will learn about several important figures from the Eurozone on a day in which the EU finance...

Following a nearly flat price action for the past few days, there were some strong declines across the board as the US dollar strengthened. While gold prices fell sharply towards 1230 levels, EUR/USD...

Recent EUR weakness could be signalling that the EUR/GBP is set to remain bearish in the long-term. However, on the pair’s way down, it may have some limited upside potential before it slips...