Forex Opinion & Analysis

USD/JPYUSD/JPY has collapsed following the break below 116.00-115.90 zones, approaching 114.00 regions, influenced by the classical breakout below the horizontal line seen on the provided daily...

The EUR/USD pair is trading above its upward trend line on a 4 hour time frame. The price is trading within the Bollinger band and this confirms that the volatility has eased off and the price is...

Important data in EU on FridayEuro on the chart has left the triangle to move upwards, mainly due to the weaker US dollar. Now investors strongly doubt the Fed will raise interest rates this year amid...

Following the BoJ’s negative rates decision, how content Kuroda and his men must have been as the yen instantly repriced itself and weakened considerably.“Job done!” Okay that might...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose marginally against the USD and closed at 0.7078. LME Copper prices declined 2.07% or $ 96.5/MT to $ 4572.50/MT. Aluminium prices declined...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CAD and closed at 1.3933. In economic news, Canada’s building permits advanced more-than-anticipated by 11.3% MoM...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.17% against the JPY and closed at 115.57. In the Asian session, at GMT0400, the pair is trading at 114.47, with the USD trading 0.96%...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.55% against the USD and closed at 1.4424. In the Asian session, at GMT0400, the pair is trading at 1.4423, with the GBP trading...

Daily forecastMain scenario:The pair is trading along a sideways trend between support 1.1085 and resistance 1.1215, where local downtrend is already started from 1.1215 with target on support 1.1110...

Main scenario:The pair is trading along a sideways trend between support 1.4360 and resistance level 1.4470, where downtrend may be expected to continue in case the market drops below support level...

EUR/USD 1HYesterday’s Trading: A fall in the oil and stock indices has facilitated a fall in the dollar/yen to 114.20 and a rise of gold to $1,200 per troy ounce. The euro has strengthened...

GBP/JPY Daily OutlookDaily Pivots: (S1) 165.21; (P) 167.91; (R1) 169.87; The strong break of 168.55 minor support confirmed that recovery from 163.96 is finished at 175.01 already. Intraday bias is...

The markets remained a bullish mode against the US dollar yesterday with gold testing the highs of $1200 yesterday while the USD/JPY fell to a 14-month low. EUR/USD managed to rally back to 1.12...

As we noted earlier Monday morning, the day was shaping up as a classic “risk-off” day as global stocks, oil and high-yielding bonds continued to sell off in the US afternoon session....