Forex Opinion & Analysis

GBP/USD so severely oversold after 3 weeks of losses that it is becoming almost too risky to run shorts, but we must stick with the bear trend while we watch very carefully for a positive signal. A...

EUR/USD has dipped to 1.0775 as I write and must hold here to build a further recovery and target first resistance at 1.0820/25. This is the main challenge for bulls today but shorts need stops above...

EUR/GBP shot higher again overnight as I write to beat minor resistance at 7375/78 and should now target minor resistance at 7392/95. If we continue higher, look for 7406/09 then important double top...

AUD/USD hit our targets down to strong trend line support at 7117/12, but stops were activated below 7090 to target 7070/65 and the pair bottomed at 7043. Now oversold with a potentially positive...

USD/JPY broke 118.22 to target 118.45/41 and October lows at 118.04/00 and almost as far as 117.50/45. We are severely oversold but only stand a chance of recovery if we can at least stabilise above...

USD/CAD is at a new high, so wave 4 is completed because current upward movement is looking very strong so it's probably part of a new impulse. We see it as part of a black wave 5 that can be underway...

The dollar was steady against most major currencies on Wednesday, after the release of mixed U.S. economic reports as concerns over global geopolitical tensions continue to add pressure on demand for...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 1.36% against the USD to close at 0.7067. Yesterday, the World Bank slashed growth forecast for the Chinese economy, by 0.3 points to...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 1.0077. In the Asian session, at GMT0400, the pair is trading at 1.0036, with the USD trading...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.54% against the JPY and closed at 118.49. Yesterday, the World Bank cut Japan’s 2016 growth forecast by 0.4 points to 1.3%,...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.35% against the USD and closed at 1.4627, after the UK’s Markit services PMI expanded at a slower-than-anticipated pace and...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.21% against the USD and closed at 1.0776, after Germany’s final Markit services PMI exceeded expectations and reached a nearly one...

A fresh devaluation of the Chinese yuan by 0.5% and an early closure of the country’s stock markets as indices fell by their daily maximum of 7%, led to further risk aversion in global financial...

The Fed minutes released at 21:00(GMT) reveal officers’ concern on low inflation. Fed interest rate hike may be delayed if the US economy misses the expectation. WSJ Fedwatcher Hilsenrath...