Forex Opinion & Analysis

GBP/USDMain scenario:The pair is trading along a downtrend with target on 1.4050 and 1.3975, that may be expected to continue while pair is trading below resistance level 1.4200. Alternative...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.76; (P) 155.25; (R1) 155.83; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

The EUR/USD drops from range as it cuts the strong support point 1.1360 providing a sharp leg lower below the major support point 1.1285. Today, the US CPI data will generate more volatility to the...

Global equities continued to rise from the risk-on mood prevailing the markets since Tuesday as European and US stock markets closed up sharply for a second day. In Asia, the Nikkei 225 index added...

EUR/USDRisk reward: 2.16Volatility: HighSell at 1.1273 SL 1.1305 TP 1.1204USD/JPYRisk reward: 1.78Volatility: AverageBuy at 109.33 SL 109.01 TP 109.90 GBP/USDRisk reward: 2.62Volatility: HighSell at...

Attention shifts to the UK tonight, with the Bank of England’s interest rate decision the stand-out event of the day. Well we actually get the bank rate decision, a monetary policy summary and...

At long last we have seen good progress on the dollar upside – mainly between the Continental Europeans but also in USD/JPY. Once each of these pairs had pulled away from the 4-hour Price...

The EUR has been struggling to keep a grip on its recent gains on the GBP as the UK begins to post some heartening economic results. As a result, there is now scope to see the EURGBP take a modest...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The U.S. dollar traded higher against all of the major currencies Wednesday and its strength in the face of exceptionally weak...

The dollar strengthened against its peers today to 1-week highs, having overlooked discouraging US economic data as the greenback rebounded from steep losses suffered earlier this week. US retail...

Yesterday the pair showed a choppy trade and fell slightly on the day. The US dollar was supported by commentaries from Fed officials who support an interest-rate hike in the near future due to...

Plenty of choppy trade today, but standout were the losses in EUR/USD, trading through the heavy bidding zone ahead of 1.1300.Stops through here have taken us down to a modest low of 1.1270/1 as yet,...

Chinese trade balance has diminished traders’ concerns about the economic outlook for the Asian and global economy. Even the reduction in the IMF’s world growth forecast didn’t seem...

Move up on USD/CHF has an extended leg from 0.9541 if we consider that it moved above 100% Fibonacci level, so it can to be wave three of a new bullish cycle. We see some Fibonacci levels around...