Forex Opinion & Analysis

The USD/JPY is still retracing higher after hitting bottom at 107.63 lows. The USD/JPY needs a push toward the 38.2% Fibonacci retracement 1.1000 which is the major psychological level in order to...

USD/JPYUSD/JPY is turning to the downside after failing again to 109.80 zones along with RSI moving to the downside. But, stability above 108.60 support forces us to stand aside today ahead of the...

The Bank of England (BoE) released its latest pronouncement on monetary policy on April 14, 2016. As has been the case for what feels like forever now, the BoE kept policy the same with Bank rate at...

USD/CAD is still trading to the downside, recently completing extended wave 3) near 1.274 area, from where a new bounce unfolded. This unfolding reversal is wave 4), that can ideally reach levels...

The dollar moved back up toward two-and-a-half week highs against the other major currencies on Thursday, as investors shrugged off mixed U.S. economic reports.The U.S. Department of Labor said the...

The GBP/USD decreased but is still trading above the solid support point 1.4090 as the Bank of England (BOE) kept rates unchanged as expected at 0.5%. The minutes also claimed that...

The Australian dollar has posted small gains on Friday, repeating the trend which marked the Thursday session. AUD/USD is trading at the 0.7710 line in the European session. In economic news, Chinese...

EUR/USDRisk reward: 1.25Volatility: AverageSell at 1.1271 SL 1.1303 TP 1.1231USD/JPYRisk reward: 2.13Volatility: HighSell at 109.73 SL 110.05 TP 109.05 GBP/USDRisk reward: 1.87Volatility: AverageSell...

Major currencies saw a muted response to Chinese GDP data out today that showed growth slowing to the lowest since the first quarter of 2009. China’s GDP expanded by an annual rate of 6.7% in...

A sense of unease rippled across the global markets in the early hours of this morning following the announcement of China’s Q1 GDP figure of 6.7% which was the slowest quarterly growth the...

EUR/USD is flat on Friday, following three consecutive losing sessions this week. The euro is trading at 1.1250 in European trade. In economic news, the Eurozone releases Trade Balance later today....

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.01; (P) 154.68; (R1) 155.48; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

Action by the Bank of Japan (BoJ) action to move interest rates on yen bank deposits into negative territory is causing unintended side effects. Negative interest rates are causing the yen to rise,...

AUD Employment Error. Crazy Price Action: The Aussie dollar once again made a new overnight high, poking it’s head through the resistance zone we’ve been watching before easing a little...