Forex Opinion & Analysis

USD/JPY is steady on Monday, as the pair is slightly above the 108 line in the European session. Earlier, the pair showed some strength and dropped to a low of 107.62. On the release front, Japanese...

EUR/USD closed last week unchanged, and the lack of movement has continued on Monday. In the European session, EUR/USD is trading slightly below the 1.14 line. In the release front, it’s a very...

The GBP/USD pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside and as long as we are trading below this trend line, the bais may...

Trading Themes: The release of the March FOMC minutes largely confirmed market expectations that the Fed will not be moving on rates in April. Two members were seen in favour of a rate move but only...

London Forex Report: Global macro data continue to support concerns over downside risks to slowing global growth. US wholesale inventories fell at its fastest pace since May-13 as businesses seen...

CA BOC Interest Rate today is expected to keep rates unchanged as recent data out of Canada has not shown significant deviation from the prior month. With OPEC and Non-OPEC nations still working on...

UK BOE Interest Rate Decision will probably not surprise the market once again. The vote count is expected to be unanimous across the board on both APT and Interest Rate. With Brexit looming in the...

US Core CPI is expected to rise to around the 0.2% and with Fed still talking about “live” meetings even after multiple members stressed the need to a “gradual” rate increase...

GBP/USD trade sentiment stays above long-term support ahead of BOE meetingGBP/USD has appreciated and traded above 1.4060 after dovish Fed comments on interest rate hike expectations this year. Sticky...

GBP/JPY Daily OutlookDaily Pivots: (S1) 154.15; (P) 155.40; (R1) 156.29; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD strengthened 0.56% against the USD to close at 0.7553. LME Copper prices declined 1.29% or $61.0 /MT to $4654.0 /MT. Aluminium prices rose 0.47%...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD declined 1.10% against the CAD to close at 1.3000. The CAD gained ground, after Canada’s unemployment rate surprisingly fell to 7.1% in...

USDCHF MovementFor the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.9536. The Swiss Franc strengthened, after Switzerland’s consumer price index (CPI) advanced...

USDJPY MovementFor the 24 hours to 23:00 GMT, the USD weakened 0.14% against the JPY and closed at 108.19. In economic news, Japan’s Eco Watchers survey for future outlook fell unexpectedly to...