Forex Opinion & Analysis

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 120.20. In the Asian session, at GMT0400, the pair is trading at 119.72, with the USD trading...

Market Drivers January 04, 2016 Shanghai down 7% creates massive risk aversion in market EZ, UK PMI bit lower than expected Nikkei -3.06% Eurostoxx -2.43% Oil $37/bbl Gold $1071/oz Europe and AsiaCNY:...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.47% against the USD and closed at 1.4740. In the Asian session, at GMT0400, the pair is trading at 1.472, with the GBP trading 0.1%...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.55% against the USD and closed at 1.0868. In the US, initial jobless claims rose to a nearly six-month high level of 287.0K in the...

The currency pair is currently oscillating between 1.10 and 1.08. During the last week of 2015, it failed before 1,10 and fell directly around 1,0850.A surge on the euro after the Asian session...

Happy New Year!We hope you have had a good start into 2016 and wish you all the best for the New Year and, of course, many profitable trades. At every beginning of the year many market participants...

GBP/JPY Daily OutlookDaily Pivots: (S1) 176.41; (P) 177.56; (R1) 178.17; GBP/JPY's decline accelerates to as low as 175.99 so far and intraday bias remains on the downside for 174.86 key support...

US NFP is expected to be around 202K, and with the Fed already started its normalization process, any strong surprise today could cause the market to move sharply, therefore I’d recommend to sit...

AU Retail Sales release could change the short-term direction of the AUD, especially if we were to get our tradable deviation. Due to the nature of the market context (being the first full trading...

The US ISM Non-Manufacturing PMI is a leading indicator and since the US services sector is about 70% of the entire workforce, a strong reading today could change the speculation on Friday’s...

US ADP NFP Employment Change is a reading of the private payroll data from ADP, and it’s known to have a strong correlation with Friday’s official Nonfarm Payroll Report from BLS (Bureau...

UK Services Purchasing Manager Index could be another major mover for the sterling as market is just back to normal this week, any strong news should cause plenty of reactions.4:30am (NY Time) UK...

UK Manufacturing PMI should provide plenty of momentum as it’s the first major release in 2016 that is considered as tradable. Obviously with BOE taking a bit more of a neutral to bearish tone,...

The Australian dollar has tumbled today after weak data out of China and a shock devaluation of the Chinese Yuan raised fears over the health of the world’s 2nd largest economy.AT 8.55pm (GMT)...