Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD rose 0.95% against the CAD and closed at 1.4277. In the Asian session, at GMT0400, the pair is trading at 1.4283, with the USD trading marginally higher from...

For the 24 hours to 23:00 GMT, the USD declined 0.42% against the CHF and closed at 1.0124. In economic news, Switzerland’s total sight deposits inched up to CHF472.4 billion in the week ended...

For the 24 hours to 23:00 GMT, the USD declined 0.35% against the JPY and closed at 118.58.In the Asian session, at GMT0400, the pair is trading at 118.16, with the USD trading 0.15% lower from...

For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.4248. On the economic front, UK’s CBI business optimism index climbed to a level of by -4.0 in January,...

For the 24 hours to 23:00 GMT, the EUR rose 0.54% against the USD and closed at 1.0852. In economic news, Germany’s IFO business climate data declined more than expected to a level of 107.3 in...

USD/JPYUSD/JPY has been resisted at 118.85 zones where it declined and continued to fall during the Asian session, re-attacking 117.80, which is the key for more bearish intraday actions. ADX...

USD/JPY first support at 118.20/15 but this is only minor, so we could continue lower in the bear trend to strong support at 117.80/75. Exit shorts and try longs with stops below 117.50. However, a...

AUD/USD holding below today 6945/50 keeps the pressure on in the bear trend for 6920/15 then support at 6885/81 for profit taking on any remaining shorts. Just be aware that further losses target...

GBP/USD testing support at 1.4210/00 but below here risks slide to 1.4155/50. If we continue lower look for 1.4125/20. Further losses retest the 1.4084/79 low which is the most important of the week...

EUR/USD could turn lower from strong resistance at 1.0860/65 today and target 1.0825/22. If we continue lower look for 1.0800/05 which could hold the downside but further losses retest last week's low...

Weekly forecast: break up of 1.0855 will start uptrend to 1.1200EUR/USD Main scenario:The pair is trading along an sideways trend with abbility of drop to 1.0710, where if market will keeps on moving...

Main scenario:GBP/USD is trading along an sideways trend between support 1.4070, that is looking like a bottom of that downtrend, and resistance 1.4325.An uptrend will start as soon, as the pair rises...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.89; (P) 168.94; (R1) 169.59; Intraday bias in GBP/JPY remains neutral for the moment. The consolidation from 163.96 short term bottom could extend with...

Iraqi crude oil production hit a new high record yesterday, rubbing salt into oil market supply glut. As officials from OPEC revealed that it is unlikely to cut the oil production unless cooperation...