Forex Opinion & Analysis

The U.S. Dollar Index hit 100 on an intraday basis for the first time since March 16th, the day after the index closed at a 12-year high. The index faded back to a close of 99.73 at the end of the...

USD/JPYThe pair failed to stabilize above 76.4% Fibonacci at 123.15 yesterday, achieving a negative closing. Although, this is not a good signal for buyers, but the USD/JPY is currently touching...

Federal Reserve Chair Janet Yellen expressed hope on Monday that the economy will continue to expand and if that is the case, it will be appropriate to raise interest rates in December. Yellen also...

For the 24 hours to 23:00 GMT, the AUD weakened 0.54% against the USD to close at 0.7193. LME Copper prices declined 3.72% or $174.5 /MT to $4515.5 /MT. Aluminium prices declined 3.46% or $51.0 /MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CAD to close at 1.3364. In the Asian session, at GMT0400, the pair is trading at 1.3344, with the USD trading 0.15% lower from...

For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 1.0188. In economic news, Switzerland’s total sight deposits edged up to CHF468.3 billion from CHF467.7...

For the 24 hours to 23:00 GMT, the GBP fell 0.42% against the USD and closed at 1.5122. In the Asian session, at GMT0400, the pair is trading at 1.5137, with the GBP trading 0.1% higher from...

For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.0633. Macroeconomic data showed that Eurozone’s preliminary Markit manufacturing PMI surprisingly rose...

The dollar index was off around 0.3% from Monday’s 8-month high of 100.0, coming within a whisker of surpassing the 12-year high of 100.39 set back in March. Growing expectations that the Fed...

EUR/USDToday’s support: -1.0644, 1.0627, 1.0598 and 1.0575(main), where correction is possible. Break would give 1.0546, where correction also may be. Then follows 1.0524. Break of the latter...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.25; (P) 186.11; (R1) 186.58; The break of 185/98 support argues that the consolidation pattern from 180.36 has completed at 188.79. Intraday bias is turned...

The yen briefly pushed to its weakest level in three months last week, thanks to some poor Japanese economic results. An eternally optimistic BoJ, refusing to acknowledge the current recession, held...

The AUD/USD has had a tumultuous couple of week as the currency has battled against a highly bearish trend line. However, the AUD might finally be turning the corner as the currency recently broke...