Forex Opinion & Analysis

The Japanese yen has looked sharp this week, gaining 130 points against the US dollar and dropping below the symbolic 120 level. In Wednesday’s European session, USD/JPY is trading at 119.40. In...

GBP/USD - Inside upward channel After rebound on January from 6-years low, GBP/USD continues upward movement. For two weeks, it has moved in a bullish regression channel. Before new uptrend impulse...

EUR/GBP H4 The rate is currently testing the head and shoulders/symmetrical triangle floor. A downside break below 0.7540 would open up a way towards the 61.8% and 100% breakout targets at 0.7400 and...

USD/CHFIt is clear that the pair is trading below 78.6% Fibo level located at 1.0210 and below the key resistance related to the upside direction. The failure to breach 1.0210 and the stability...

Trade Of The Day: EUR continues to trade in a sluggish choppy fashion, as implied volatility suggests. Nonetheless, from a positioning perspective the pain point in the market in terms of direction is...

• RBNZ signals it won’t focus on low headline inflation RBNZ Governor Wheeler dampened expectations for further rate cuts overnight as he stated that it would be inappropriate for the Bank...

EUR/USD is showing little movement on Wednesday, as the pair continues to hug the 1.09 line in the European session. On the release front, Eurozone and German Services PMI dipped in December. In the...

Bank of Japan adopted the negative interest rate policy, following Risksbank and European Central Bank. Some analysts believe that the Fed may also follow the step. Meanwhile, Fed chairman Yellen...

The dollar remained moderately lower against the other major currencies on Tuesday, as oil prices resumed their downward trend and as concerns over global economic growth persisted.The safe-haven yen...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 1.04% against the USD to close at 0.7034. LME Copper prices rose 1.58% or $71.5/MT to $4605.5/MT. Aluminium prices rose 0.30% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.74% against the CAD and closed at 1.4055. In the Asian session, at GMT0400, the pair is trading at 1.4082, with the USD trading 0.19%...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.12% against the CHF and closed at 1.0187. In economic news, Switzerland’s real retail sales data fell by 1.6% YoY in December,...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 1.01% against the JPY and closed at 119.79. In the Asian session, at GMT0400, the pair is trading at 119.66, with the USD trading 0.11%...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.4413, after UK’s construction PMI fell more-than-expected to a 9-month low level of 55.0...