Forex Opinion & Analysis

Much of the day was spent in range bound trade, but the USD index was on the rise late in the day. AUD/USD looked to be on the back foot from early London trade, and having rejected .7600 in Asia, we...

USD/JPY: Bank Of Japan Will Keep Rates On Hold TomorrowThe Bank of Japan is likely hold off cutting interest rates tomorrow, as it scrambles to soothe market jitters caused by January's surprise...

Following Mario Draghi’s self-imploded QE bazooka of last week, in which the ECB launched its boldest monetary expansion measures ever, only to see this announcement being sabotaged by...

New York Forex Report: A quiest start to the week as markets digest the huge moves seen last week following the announcement of the ECB’s latest measures. Weak data from China over the weekend...

It’s been a quiet start to what promises to be an extremely active week for global traders. As of writing ahead of an all-too-early, post-daylight-savings-time US open, European equities are...

The EUR/USD reverses up strongly last week on the daily chart. It has been forming lower highs and higher lows since last March and is at the apex of a triangle. The pattern has a series of shrinking...

USD/CADCurrently we are 1.3224 in a nice channel. If the S5 support is broken we are looking to continue to the support at 1.3136 and maybe to the 1.3075. The average daily true range (ATR) for the...

USD/JPYThe USD/JPY has moved to the upside as anticipated in the last technical report, where it succeeded in achieving a daily closing above SMA20 at 113.25 as seen on the provided daily...

The euro gave up some of its gains on Friday but the decline has been stopped above the current support zone at 1.1050-70. Further upward momentum is still possible in case the euro breaks...

GBP/JPY Daily OutlookDaily Pivots: (S1) 161.78; (P) 162.93; (R1) 164.84; Intraday bias in GBP/JPY remains mildly on the upside for 61.8% retracement of 175.01 to 154.70 at 167.25. At this point,...

EUR/USDCurrent level - 1.1114 The outlook here remains bullish above 1.1067 support zone, for a rise through 1.1217 high, en route to 1.1375 peak....

London Forex Report: Markets rebounded Friday with the Dow and S&P 500 jumping 1.6% and 1.7% respectively while European equities also ended in the green, likely fuelled by increased liquidity...

Trading Themes: In the absence of key US data last week USD was driven mainly by EUR flows in the wake of the ECB meeting, falling sharply as the EUR rallied post-decision. Attention now turns firmly...

EUR/USD has posted slight losses, on Monday as the pair trades at 1.1110 in the European session. On the release front, it’s a very quiet start to the week, with only one event on the schedule....