Forex Opinion & Analysis

London Forex Report: 2016 Starts With Risk Off RoutLondon Forex Report: The plunge in China equities not only triggered a trading halt but also prompted broad-based sell-offs in major equities...

USD/JPYRespecting the bearish scenario discussed with the opening of the week, the USD/JPY pair has reached the main support of short-term trading at 119.65 before bouncing to the...

USD/JPY has turned sharply lower in the last few weeks which now looks like a new leg within ongoing complex correction. We are tracking red wave 4) which can be a triangle or even a flat, but for now...

The US dollar staged a modest recovery versus the Japanese yen while the euro was facing challenges both against the dollar and against the yen, as there were tentative signs that yesterday’s...

GBP/USD Weekly forecastMain scenario:The pair is trading along a downtrend with target on 1.4630 and then on 1.4470, that may be expected to continue while pair is trading below resistance level...

EUR/USD Weekly forecastMain scenario:The pair is trading along a sideways trend between support 1.0800 and resistance 1.0970 levels.A downtrend will start as soon as the pair drops below support level...

GBP/JPY Daily OutlookDaily Pivots: (S1) 174.68; (P) 176.02; (R1) 177.09; GBP/JPY dropped to as low as 174.93 and recovered mildly ahead of 174.86 key support level. There is no clear sign of...

Yen pares back some gain in Asian session as global stock markets stabilized. DJIA closed down -276.09 pts, or -1.58% after losing as much as -467 pts overnight. The selloff in global markets were led...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.56% against the CAD to close at 1.3938. The CAD lost ground, after Canada’s manufacturing sector contracted for the fifth...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.15% against the CHF and closed at 1.0022. In economic news, Switzerland’s SVME-purchasing manager’s index expanded...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.82% against the JPY and closed at 119.34. In the Asian session at GMT0400, the pair is trading at 119.55, with the USD trading 0.18%...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.16% against the USD and closed at 1.4711, after UK’s Markit manufacturing PMI unexpectedly declined to a 3-month low level of 51.9...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.27% against the USD and closed at 1.0827, after Germany’s preliminary consumer price index surprisingly dropped 0.1% MoM in...

US Dollar net speculator positions dipped last week to +$31.80billion The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on...