Forex Opinion & Analysis

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD and closed at 1.4045. On the economic front, data indicated that Canada’s GDP growth expanded for the first...

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...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 1.8% against the JPY and closed at 120.94. The Japanese Yen lost ground, after the BoJ in an unexpected move adopted negative interest...

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...

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...

The US dollar was slightly off Friday’s highs when it rose by 1% following the Bank of Japan’s surprise cut in interest rates to negative. The unexpected move lifted risk sentiment and...

Key fundamental forex events for the week of January 25th through January 29thThe following table lists the key economic data and other events that came out during the week of January 25th through...

US NFP is expected to be around 192K, and with the Fed already regretting hiking rates last December, a sudden drop in employment should cause further rift within the FOMC; or of the opposite is true,...

We'll be getting the Canadian Employment Change release number today but since it’s scheduled at the same time with the U.S. Nonfarm Payroll report, I’d recommend to pay close attention to...

AU Retail Sales release could change the short-term direction of the AUD, but from the lingering sentiment on this week’s RBA rate decision, I would use caution and not get caught on the wrong...

UK BOE Interest Rate Decision will probably not surprise the market today as recent comments by Carney has been clear that the MPC will not hike rates probably until the end of the year…7:00am...