Forex Opinion & Analysis

EUR/USD has started the new trading week in subdued fashion, as the pair trades at 1.0850 in the European session. On the release front, Eurozone and German Manufacturing PMIs were very close to their...

During last Friday, the EUR/USD pair lost more than 140 points. According to analysts, the pair was falling due to the fact that the Bank of Japan decided to introduce a negative interest rate amid...

The USD/JPY pair has eased off from OUR identified resistance zone on a 4 hour time frame. The resistance zone was given in our analysis on last Friday and we have completed the 1:1 risk to reward...

This week the scorecard recommends buying JPY, CHF and NZD while selling NOK, USD and EUR (see suggested weights in portfolio in table on page 1).Last week's signals resulted in a 0.1% loss....

The dollar rose against the other major currencies on Friday after an unexpected decision by the Bank of Japan to adopt negative interest rates and U.S. gross domestic product data which broadly...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.14% against the USD and closed at 0.7075. LME Copper prices declined 0.26% or $ 12.0/MT to $ 4541.50/MT. Aluminium prices rose 0.16%...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.82% against the CHF and closed at 1.0223. In economic news, Switzerland’s KOF leading indicator index unexpectedly rose to a level...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.99% against the USD and closed at 1.4216. In the Asian session, at GMT0400, the pair is trading at 1.4259, with the GBP trading...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.91% against the USD and closed at 1.0840, after Germany’s retail sales ended 2015 on a weak note Data showed that German...

GBP/USD Daily forecastMain scenario:The pair is trading along a sideways trend.An uptrend will start as soon, as the pair rises above resistance level 1.4245, which will be followed by moving up to...

Daily forecastMain scenario:The pair is trading along a downtrend that may be expected to continue in case the market drops below support level 1.0810, which will be followed by reaching support level...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.29; (P) 172.23; (R1) 174.37; The recovery from 163.96 could extend to 55 days EMA (now at 176.30s). But still, we're treating it as a corrective pattern...

GBP/USD made a strong bearish leg after the price took out 1.4560 level at the start of January. Notice that current decline is extended, so it must be impulsive as part of a much bigger bearish...