Forex Opinion & Analysis

Commodity prices bounced off from recent multi-year lows as copper and gold extended Thursday’s gains in today’s Asian trading. Gold prices were slightly firmer at $1082 while copper...

AUD/USD bounced higher recently so seems like that bears are not ready to take control just yet. On the updated chart we see wave 4) still in progress and the reason is a corrective structure from...

For the 24 hours to 23:00 GMT, the AUD strengthened 1.14% against the USD to close at 0.7192. Yesterday, the RBA’s Head of economic analysis, Alex Heath, stated that the decline in the value of...

For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD to close at 1.3293. In economic news, Canada’s wholesale sales unexpectedly declined 0.1% MoM in September, against market...

For the 24 hours to 23:00 GMT, the USD declined 0.62% against the CHF and closed at 1.0133. In economic news, Switzerland recorded a trade surplus of CHF4.2 billion, against market expectations for a...

For the 24 hours to 23:00 GMT, the USD weakened 0.53% against the JPY and closed at 122.92. Yesterday, the BoJ Governor, Haruhiko Kuroda, downplayed concerns about the nation’s third quarter...

For the 24 hours to 23:00 GMT, the EUR rose 0.65% against the USD and closed at 1.0732. Yesterday, the ECB in its accounts of the late October meeting, indicated that the central bank officials were...

GBP/JPY Daily OutlookDaily Pivots: (S1) 187.38; (P) 188.09; (R1) 188.55; Intraday bias in GBP/JPY remains on the upside for the moment. Rebound from 180.36 is resuming and rally could be seen back...

EUR/USD minor support at 1.0705/00 could hold the downside but below here risks a slide to 1.0670/65. Try longs with stops at1.0640. A break lower could then retest 1.0615 lows. Eventually the pair...

AUDUSD beat 7155/60 to hit the next target of 7215/20 for an excellent selling opportunity. We actually topped 1 pip below but if you sold in to shorts this trade worked perfectly as we sold off to...

USD/JPY is however now back above 122.90/85 to target first resistance at 123.25/28. A break above 123.40 then targets double top highs at 123.59/67. Try shorts with stops above 123.80. Just be aware...

The staff of the International Monetary Fund (IMF) has recommended that the yuan be included in the institution’s SDR basket. We wrote back in October: SDRs were created under the auspices of...

Well that was not what I had expected… Actually, a couple of weeks back I did suggest the low 1.06’s as the base for a recovery but then thought it could actually move a bit deeper....

USD/JPY: Having started a strong corrective weakness on Thursday, the pair is now looking for more declines. This is coming on the back of a loss of upside momentum off the 123.63 high. On the...