Forex Opinion & Analysis

The euro continued its relief rally against the U.S. dollar and tested the resistance zone between 1.0925 and 1.0950. As long as there is no significant break above 1.10 and further 1.1050, the latest...

USD/CHF has turned lower after a three wave bounce from 0.9784 up to 1.1012 where pair most-likely accomplished a corrective rally labeled as wave (B). It was a zigzag that can send price now back to...

Daily important event:13:30(GMT) Canadian Unemployment data 13:30(GMT) Non-Farm data EUR/USDEUR/USD is trading with bearish correction, we are buyers of bearish options during the morning session....

The dollar moved lower against the other major currencies on Thursday, after data showed that U.S. jobless claims fell less than expected last week, and as fears over the outlook for China’s...

Some semblance of calm returned to the markets after the People’s Bank of China set the value of the yuan higher and the Chinese stock market closed up by around 2%. There was nervousness on...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.72% against the USD to close at 0.7016. LME Copper prices declined 1.87% or $86.0/MT to $4514.0/MT. Aluminium prices declined 0.14%...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.32% against the CHF and closed at 0.9944. In economic news, Switzerland’s foreign currency reserves dropped to CHF559.7...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.77% against the JPY and closed at 117.58. In the Asian session, at GMT0400, the pair is trading at 118.23, with the USD trading...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.37% against the USD and closed at 1.0923, on the back of mixed economic data across the Euro-zone. In economic news, Germany’s...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.56; (P) 172.15; (R1) 173.56; A temporary low is in place at 170.74 and intraday bias is turned neutral first. Some consolidations would be seen but outlook...

The loonie briefly touched 12 year lows against the USD as the price of energy kept falling and the volatility of the Chinese stock market caused waves around the world. The USD/CAD traded at 1.4170...

The dollar has broken down against the yen. Although many talk about safe haven role for the yen, this seems to be a misconception. Investors are not buying the yen to escape the turmoil of the...

Yikes… What a strange day. For the most part, the general development was broadly in line with expectations, some pairs with slightly firmer projections than expected but it was EUR/USD and...

The Non farm Payroll story is not necessarily the forecast but the alignment of averages viewed in 5 year increments since the February 1939 inception. Every average from 5 – 77.2 years are...