Forex Opinion & Analysis

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.37% against the USD and closed at 0.7176. LME Copper prices rose 0.45% or $21.0/MT to $4726.0/MT. Aluminium prices declined 1.91% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.82% against the CAD and closed at 1.3423. The Canadian dollar gained ground, after Canada’s GDP expanded more-than-anticipated...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9974. In economic news, Switzerland’s manufacturing PMI unexpectedly rose to a level of...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.49% against the JPY and closed at 113.99. In the Asian session, at GMT0400, the pair is trading at 113.91, with the USD trading 0.07%...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.21% against the USD and closed at 1.3956. On the economic front, UK’s seasonally adjusted Markit manufacturing PMI fell...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.14% against the USD and closed at 1.0868, following mixed economic data in the Euro-zone. Data showed that Euro-zone’s...

The Australian dollar has risen sharply today, breaking back through the US72c mark on the back of better than expected GDP data.At 7.55am (GMT) the Aussie dollar was trading at US72.29c up from...

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was also published this week. Besides this analysis and the corresponding chart I also provide the forex...

The risk rally of the last few days is still pushing on. Commodities and commodity related currencies lead the charge, with AUD and CAD trending strongly. EMFX follows them, mainly with EURXXX...

Over the next 4 weeks I’ll be demo trading a head and shoulders forex strategy and providing regular updates. If the strategy turns out to be profitable, I will begin trading it on a live...

The Market Doesn’t Care if You’re Right or Wrong: A ‘risk-on’ tone swept through markets yesterday, with equities and commodities both higher. This followed better than...

The GBP/USD pair initially tried to rally on Tuesday, but struggled at the 1.40 level. This formed a shooting star for the daily candle, as as a result there should be sellers coming into the market....

In our past January 19th article “Where is euro going next“, we explain the negative correlation between asset volatility and the euro. When stock market declines, the euro/dollar goes up,...

Yen denominated pairs have had a tough few weeks as continued depreciation and rampant speculation over central bank intervention has taken its toll. However, the EURJPY charts are starting to signal...