Forex Opinion & Analysis

GBP/AUDCurrently we are 1.8604 continuing in the range but out of the wedge. We hit our first target (1.8604) and are looking to continue to the range bottom at 1.8500. The average daily true range...

USD/CHF Open 0.9544 High 0.9571 Low 0.9498 Close 0.9539On Monday dollar/franc decreased with 70 pips. The European currency depreciated from 0.9571 to 0.9501 yesterday, not matching the positive money...

Yesterday the pair continued falling amid weakening in the GBP. The pound is pressured by the possibility of Britain leaving the EU. According to estimates, if the results of the referendum that is...

Since the beginning of the week, the USD/CAD pair has been growing. The growth in pair started amid statements made by the Bank of Canada Governor Stephen Poloz on Monday. Today in the afternoon, a...

The Australian dollar has posted considerable gains on Tuesday, continuing the upward movement which started late last week. AUD/USD is trading at 0.7660 in the European session. In economic news,...

We expect the Bank of Japan to cut its policy rate by 20bp to -0.3% on 28 April and to step up its purchases of ETFs and J-REITs. This is not priced in the market.In the short term, we think the...

The best performer was the British pound, which climbed towards 1.4350 and provided sterling bulls a good profit. As already assumed in yesterday's analysis, the odds seemed to be in favor of an...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.37% against the USD to close at 0.7592. Yesterday, the World Bank forecasted that in China, Australia’s largest trading...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9545. In economic news, Switzerland’s total sight deposits advanced to a level of CHF486.4...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 107.94. In the Asian session, at GMT0300, the pair is trading at 108.17, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.72% against the USD and closed at 1.4228. In economic news, UK’s BRC retail sales monitor across all sectors declined by 0.7%...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.1411. In economic news, Italy’s seasonally adjusted industrial production declined...

USD/JPY has posted slight gains on Tuesday, as the pair trades at 108.30 in the European session. On the release front, Japanese Machine Tool Orders posted a sharp decline of 21.2%. Later, Japan...

The EUR/USD pair is trading in an upward wedge pattern on a 4 hour time frame. This confirms that the trend is skewed towards the upside and as long as we remain within this channel, the bias may...