Forex Opinion & Analysis

EUR/JPY broke below sideways chop last night when it was announced that oil production cut-back negotiations failed. There was a gap on JPY pairs, and today early correction has closed most of the...

USD/JPYAfter gapping to the downside, USD/JPY has found support again just a few pips above the initial support of 107.60-107.65. The USD/JPY pair has started to show signs of recovery with RSI...

The USD/JPY is facing the ultimate crossroads, as sellers start to line up against the pair ahead of trading this week, and the risk of a collapse towards the key 105.00 handle now becomes likely....

Interesting, price gap on crude oil did not impact the EUR/USD which is still consolidating from 1.1230 low. Pullback is now getting higher and more complex so we are wondering if that’s already...

This week the scorecard recommends buying SEK, NOK and CHF while selling NZD, CAD and AUD.Last weeks signals resulted in a 0.4% loss. Next scorecard signals will be sent out on 25 April. To read the...

EUR/USD is flat on Monday, continuing the lack of movement which has marked the pair since late last week. With no major releases out of the Eurozone or the US, it could remain an uneventful day for...

London Forex Report: Disappointment over failure to reach an agreement on oil production freeze by the world major oil producers at a meeting over the weekend had pushed oil prices back down below the...

The dollar slid against the other major currencies on Friday, following the release of lackluster U.S. economic reports, but the greenback still ended the week higher.The U.S. dollar index, which...

The EUR/USD is treading water ahead of Draghi’s conferenceThe EUR/USD was trading a leg lower as equity markets rallied, awaiting Draghi’s conference this week. Although inflation is weak,...

The USD/CAD forex pair is well overdue for a bounce at the median of a long-term regression channel and the 40% Fibonacci retracement level, as shown on the monthly chart below.The Canadian dollar is...

Market sentiment turned sour on Monday after talks on Sunday between 18 OPEC and non-OPEC countries taking part in negotiations to freeze output failed to produce an agreement. A deal was scuppered...

Yesterday’s Trading: Economic data from the US on Friday was ambiguous, allowing the euro/dollar to rise to 1.1316. The New York business activity index exceeded expectations. The index for...

Following the weekend Doha meeting where oil producers failed to reach an agreement, the markets opened today with risk off the table. Yen gained sharply while the reaction was muted in EUR/USD and...

We now think that the probability of the Riksbank expanding and extending its current QE programme at its monetary policy meeting next week (Thursday 21 April at 09.30 CEST) has fallen below 50%. The...