Forex Opinion & Analysis

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9965. The Swiss Franc gained ground, after the Swiss GDP topped market expectations in Q4 2015,...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the JPY and closed at 113.56. In the Asian session, at GMT0400, the pair is trading at 113.92, with the USD trading...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.9% against the USD and closed at 1.4081. On the economic front, UK’s construction PMI unexpectedly fell to a level of 54.2 in...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.0870. In economic news, the Euro-zone’s producer price index fell by 1.0% MoM in January,...

As GBP/USD was in a correction under pressure, put options can be purchased. The Federal Reserve's latest Beige Book published yesterday showed that economic activity expanded in most districts and...

USD/JPYINTRADAY CHART BIAS: Look for gains to reach 115.12 at least - possibly 115.53 Resistance: 113.70-80 114.05 114.25 114.55Support: 113.14-21 112.90-02 112.65-70 112.45-50 MAIN ANALYSIS:...

The Australian dollar is slightly higher in Asian trading after a round of local data hit the market above expectations.At 3.29pm (AEDT) the Aussie dollar was trading at US73.01c up US72.96c in...

The President of the ECB Mario Draghi has been clear, both at the last press conference and in front of the European Parliament on February 15, that the ECB is determined to achieve its price...

New York Forex Report: Oil price declined over the European morning today as a report from the American Petroleum Institute aid that US crude inventories had actually increased by 9.9 million barrels...

The EUR/USD has been in a tight bear channel for 15 days. This is unsustainable and therefore climactic, but climaxes can go a long way before they transition into a trading range. While it is...

A good day for GBP, making striding gains against the USD but only after another test on the low 1.3900s. Initial losses were led by EUR/GBP buying through .7800, with a short squeeze unravelling, but...

Favour Fading Bounce In AUD/USDAustralia’s Q4 GDP data was better than expected, with the economy growing a solid 3.0% y/y versus expectations for a 2.5% print. Rate market pricing for the RBA...

The credit rating agency downgraded its outlook on China’s government bonds from stable to negative, citing rising government debt, falling currency reserves and uncertainty over...

The Japanese yen continues to lose ground on Wednesday, following sharp losses a day earlier. USD/JPY is trading at 114.50 at the start of the North American session. In economic news, we’ll get...