Forex Opinion & Analysis

Yesterday’s Trading:The euro on Friday updated the week’s maximum due to demand for the currency in the cross pairs. After the release of strong American labor market data, the...

The Japanese yen seemed to be the main beneficiary of today’s Asian session, as traders were still adjusting to Fed Chair Janet Yellen’s message that caution was required in raising...

EUR/USDRisk reward: 1.06Volatility: AverageSell at 1.1392 SL 1.1424 TP 1.1358USD/JPYRisk reward: 1.63Volatility: AverageSell at 111.57 SL 111.89 TP 111.05 GBP/USDRisk reward: 1.25Volatility:...

The March payrolls and ISM manufacturing data were the big events last Friday. While the NFP was mixed, the ISM manufacturing posted a strong upside surprise, but the dollar was unimpressed, closing...

The dollar ended the week close to five-month lows against a basket of the other major currencies on Friday, as investors bet that a stronger-than-expected U.S. jobs report would not prompt the...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.19% against the USD to close at 0.7680. LME Copper prices rose 0.50% or $24.5/MT to $4880.0/MT. Aluminium prices rose 2.18% or...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.30% against the CHF and closed at 0.9585. In economic news, Switzerland’s SVME manufacturing PMI unexpectedly rose to a level...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.83% against the JPY and closed at 111.61. In the Asian session, at GMT0300, the pair is trading at 111.54, with the USD trading...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.1393, after manufacturing growth in the Euro-zone climbed above expectations in March. Data showed...

EUR/USD outlook positive after last week's breakout, with minor support at 1.1370/65 but better support again at 1.1330/25, which is the most important of the day. Longs need stops below 1.1315, with...

AUD/USD failure to hold above 7650 risks another slide to 7629/25 then minor support at 7600/7597. However, if we continue lower today, look for better support at 7580/70 and the best chance of a low...

EUR/GBP overbought short-term, but any weakness is a buying opportunity. Below 8000/7990 however risks a slide to important support at 7945/35. Try longs with stops below 7920. Failure to close above...

USD/JPY getting oversold short-term, but any recovery is not expected to take the pair too far. First resistance at 112.10/20, but above here a selling opportunity at 112.50/60. Shorts need stops...

GBP/USD minor support at 1.4210/05, but trend line support at 1.4145/40 is a buying opportunity with stops below 1.4105. A break lower is a sell signal and sees 1.4140 act as resistance to target...