Forex Opinion & Analysis

HourlyYesterday’s Trading: On Tuesday, the euro received support from the low value of the UK business activity index. This facilitated a weakening of the pound and thereby a growth in the...

USD/JPY could continue to the upside. In fact, a triangle placed in fourth wave can be in very late stages, so we need to be aware of bullish price action soon. However, there is possibility for a...

USD/JPYNothing changed, as the USD/JPY is still trading very close to 76.4% Fibonacci retracement at 123.12, while SMA20-colored in green- continued to offer good support for buyers. Trading range...

Tomorrow afternoon, the European Central Bank President, Mr. Mario Draghi will address the world’s assembled media. The press conference will take place following the ECB’s announcement of...

• Fed Chair Yellen takes center stage Fed Chair Janet Yellen is scheduled to deliver two important speeches this week. Today, before the Economic club of Washington, she is expected to address...

EUR/USDToday’s support: -1.0591, 1.0563 and 1.0552(main), where correction is possible. Break would give 1.0546, where correction also may be. Then follows 1.0524. Break of the latter would...

For the 24 hours to 23:00 GMT, the AUD strengthened 1.34% against the USD to close at 0.7325. LME Copper prices rose 0.51% or $23.5 /MT to $4619.0 /MT. Aluminium prices were flat at $1442.0 /MT. In...

For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.3360. The CAD lost ground on the back of weak Canadian GDP and manufacturing sector performance. Data showed that...

Sentiment towards the USD received a swift blow following the unexpected contraction in the US manufacturing sector of 48.6, its lowest level since the end of the recession almost 6 years ago....

For the 24 hours to 23:00 GMT, the USD weakened 0.21% against the JPY and closed at 122.92. In the Asian session, at GMT0400, the pair is trading at 123.02, with the USD trading marginally higher from...

For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.5075. In economic news, UK’s Markit manufacturing PMI declined to a level of 52.7 in November, compared to...

For the 24 hours to 23:00 GMT, the EUR rose 0.51% against the USD and closed at 1.0624, following the release of upbeat Eurozone economic data. German unemployment rate unexpectedly dropped to 6.3%,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.57; (P) 185.11; (R1) 185.88; Intraday bias in GBP/JPY is remains neutral for the moment. But outlook is unchanged and stays cautiously bearish....

The US dollar rebounded on Wednesday to climb back towards Monday’s 8½-month highs after taking a pause yesterday from its recent gains. Weaker-than-expected ISM manufacturing data on...