Forex Opinion & Analysis

Yesterday, a strong risk off sentiment sent the yen and gold prices higher, while the EUR/USD remained largely flat. GBP/USD gave up its gains midway and turned bearish. Today's FOMC meeting minutes...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.82% against the USD to close at 0.7542. LME Copper prices declined 0.83% or $40.0 /MT to $4776.0 /MT. Aluminium prices declined...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD to close at 1.3138. In economic news, Canada’s international merchandise trade deficit widened to C$1.9...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.28% against the CHF and closed at 0.9562. In the Asian session, at GMT0300, the pair is trading at 0.9562, with the USD trading flat...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.90% against the JPY and closed at 110.26. In the Asian session, at GMT0300, the pair is trading at 110.45, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.75% against the USD and closed at 1.4156. In economic news, UK’s Markit services PMI rose more-than-expected to a level of 53.7 in...

The Japanese yen hit it’s highest levels against the US dollar in well over a year overnight. Something which obviously won’t be impressing the Bank of Japan and friend of Forex traders...

“The Australian dollar has appreciated somewhat recently. In part, this reflects some increase in commodity prices, but monetary developments elsewhere in the world have also played a role....

Well, that was a strange day and I can’t say that I caught much of that. In the process it has raised more complications and a general disconnect between the various currency pairs. Examples are...

Bank of America Merrill Lynch (NYSE:BAC) recommend its clients to sell EUR/USD to hedge for a Brexit scenario. Merrill Lynch argues that Fed has to hike rates in the improving global economic...

USD/JPYShort-term Elliottwave structure suggests decline from wave ((X)) at 113.8 is unfolding as a zig zag structure (5-3-5 structure) where wave (a) ended at 111.98, wave (b) ended at 112.67, and...

The dollar strengthened against its peers today following the release of varied US economic data as the market focused on meeting minutes due to be released by the Federal Reserve tomorrow. The...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. USD/JPY fell to a 6-month low Tuesday taking out 110 in the process. The currency pair has been under pressure for the past...

GBP/USDPrice was going as projected in our Mar 7 Article, and as of this writing, we have started deploying our range strategy for the sterling. We have been with the bears and the bulls, not favoring...