Forex Opinion & Analysis

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD to close at 1.3016. In economic news, Canada’s RBC manufacturing PMI advanced to a level of 51.5 in March, its...

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...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.95% against the USD and closed at 1.4229, after UK’s manufacturing PMI rose less-than-anticipated to a level of 51.0 in March,...

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...

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...

Last week ended with the highly anticipated jobs report from the United States. The data, consisting of Average Hourly Earnings, the Unemployment Rate, ADP Nonfarm Employment Change and Nonfarm...

The euro might have recently surpassed expectations as it broke through the recent support levels following the slide in the US Unemployment Rate. Subsequently, the question remains as to whether the...

Daily forecast, 04.04.16: downtrend to 1.4110Main scenario:GBP/USD is trading along a downtrend with target on 1.4110 that may be expected to continue while pair is trading below resistance level...

Daily forecast, 04.04.16: sideways trend between 1.1315 and 1.1440Main scenario:EUR/USD is trading along a sideways trend between support 1.1315 and resistance 1.1440.A downtrend will start as soon as...

We'll be getting the Canadian Employment Change release number today and since it is the main event for the CAD today, we should see plenty of market reaction following this release, especially if we...

US ISM Non-Manufacturing PMI is a leading indicator but because it is scheduled after this month’s Nonfarm Payroll Report, I would be careful taking any long-term position based on this release,...