Forex Opinion & Analysis

The dollar remained broadly lower against most major currencies on Tuesday, as the release of disappointing U.S. economic reports weakened demand for the greenback and as investors remained cautious...

GBP/JPY Daily OutlookDaily Pivots: (S1) 160.92; (P) 161.81; (R1) 163.16; Intraday bias in GBP/JPY remains on the upside for 154.09 resistance first. Break of 55 days EMA and bullish convergence...

Today Federal Reserve Chair Jane Yellen and other FOMC members could give us cues about potential rate hike in June. Market doesn't expect changes in Federal Funds Rate ( 0.50 % vs 0.50 %) decision...

An impending corrective movement for the USD/CHF could see the pair retreat to its recent bottom at 0.9501. The formation of a Three Drive pattern after the recent Zig-Zag movement could undo the...

Australia’s 1Q CPI release came in well below market expectations today, promptly seeing the Aussie dollar decline 1.5%. The market was expecting year-on-year CPI growth of 1.7% in 1Q and the...

The interesting dynamic is how the US tech sector is a growing point of concern right now, while oil is an inspiration and various key central bank meetings are holding back trading activity....

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.57% against the CAD to close at 1.2605, after US consumer confidence worsened more than expected in April. In the Asian session, at...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CHF and closed at 0.9737, on the back of weak US economic data. In the Asian session, at GMT0300, the pair is...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.67% against the USD and closed at 1.4578. In economic news, UK’s BBA mortgage approvals surprisingly declined to a level of 45.1K...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.29% against the USD and closed at 1.1298. In economic news, Italy’s non-EU trade surplus rose to a level of €4.0 billion in...

A very important event for the US dollar is due on Wednesday: the results of the Federal Reserve’s meeting will be released at 18:00 GMT. The change in the central bank’s interest rate is...

Yesterday’s Trading:The euro/dollar on Tuesday restored 61.8% from a fall from 1.1397 to 1.1216. The euro strengthened after US stats on durable goods orders came out. The stats were worse than...

The British pound has edged strongly higher over the past few days but could under risk ahead of the initial GDP estimates for Q1, which could see some pullbacks across GBP crosses. Following the GDP...

The US dollar continued to slip against major currencies on Wednesday ahead of the FOMC policy announcement later today. Although the Fed is almost certain to keep rates unchanged at its meeting...