Forex Opinion & Analysis

GBP/AUDCurrently we are at 2.0321 in a channel. If we break the current support, we are looking to continue to the double bottom at 2.0173 with a near term overall target near 2.0049. The average...

AUD/CAD - 0.9740 level will finish the correction?Since January after two months of uptrend, there is a correction on AUD/CAD. Correction reached Fibonacci 38,2% of the last upward movement. Price...

New York Forex Report: An unexpected rise in US oil inventories reported yesterday has oil prices under pressure once again today, dragging risk sentiment lower once again. Market's main focus is the...

Trade Of The Day: EUR/JPY Buying A Base RetestTrade Of The Day: Market choppiness continues, as EUR/JPY seesaws inside the broad 129-127 range, and it looks like we will need to wait for the FOMC and...

The Australian dollar is showing limited movement on Wednesday, as AUD/USD trades at 0.7040 in the European session. On the release front, Australian CPI posted a gain of 0.4%, above the estimate. In...

The USD/JPY pair is trading below its downward trend line on a 4 hour time frame. This confirm that the trend is towards the downside, however it is important to pay attention that the price is...

AUD/NZD DAILY The rate is currently testing a four-month-old falling trendline resistance and while we are trading below it the short positions are preferred. A shorter timeframe may provide with a...

Instead of showing a sustained break below the 1.42-mark the British pound bounced off the 1.4170 level and surged to a high of 1.4366. While there could be some upside room before GBP approaches...

USD/JPYAfter being stopped by 118.85 resistance and finding support above 117.75 earlier, USD/JPY has been trapped between these levels, creating wide sideways range as seen on the provided daily...

London Forex Report: Risk sentiments got a lift from a rebound in oil prices in hopes of production cut that could help reduce supply glut. Major stocks and US treasuries also advanced amid...

EUR/USD is showing marginal movement on Wednesday, as the pair trades at 1.0870 in the European session. In economic news, German Consumer Climate posted a strong reading of 9.4 points, within...

The dollar held steady against the other major currencies on Tuesday, even after the release of strong U.S. consumer confidence data as investors remained cautious ahead of the Federal Reserve’s...

For the 24 hours to 23:00 GMT, the AUD rose 0.66% against the USD and closed at 0.6995. LME Copper prices rose 1.06% or $47.0/MT to $4501.0/MT. Aluminium prices rose 0.03% or $0.5 /MT to...

For the 24 hours to 23:00 GMT, the USD declined 1.09% against the CAD and closed at 1.4122.In the Asian session, at GMT0400, the pair is trading at 1.4130, with the USD trading a tad higher from...