Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the AUD strengthened 0.63% against the USD to close at 0.7237. LME Copper prices rose 1.74% or $80.0/MT to $4690.0/MT. Aluminium prices rose 2.01% or $29.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.30% against the CAD to close at 1.3332. In economic news, Canada’s consumer price index rose as expected by 0.1% MoM in October, after recording a...

For the 24 hours to 23:00 GMT, the USD rose 0.62% against the CHF and closed at 1.0195. In the Asian session, at GMT0400, the pair is trading at 1.0205, with the USD trading 0.1% higher from...

For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 122.84. On Friday, BoJ board member, Sayuri Shirai, indicated that Japan’s inflation rate is expected to...

For the 24 hours to 23:00 GMT, the GBP fell 0.63% against the USD and closed at 1.5193, after UK’s public sector net borrowing rose more-than-anticipated in October. Data showed that...

The US dollar clung on to Friday’s gains and was trading near 7½-month highs as the prospect of higher interest rates continued to support the greenback. On Saturday, San Francisco Fed...

USD/JPY has turned slightly lower last week so it seems like that pair is forming a bigger and more complex corrective pattern. We are looking now at wave four of a higher degree which can be forming...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.96; (P) 187.01; (R1) 187.58; Intraday bias in GBP/JPY remains neutral with focus back to 185.98 minor support. Break will revive the case that price...

US Prelim GDP release is the second release for the 3rd quarter of 2015, which is expected to improve from the 1.5% reading on the advanced release. With the Fed likely to commence rate hikes in...

The ECB has remained dovish at the end of last week and could look to cut deposit rates at their next meeting, while FOMC members continue to hint at a December rate rise. The weakness in the euro is...

If we look at big picture in USD/TRY, we can see that Turkish lira is moving up and now we have the biggest drawdown for the last 1.5 years. Let’s look closely at the top of the market before...

Looking Through the Vault to a Holiday Shortened Week: Welcome to a holiday shortened week, with data releases loaded between Monday and Wednesday before the US leave their desks for Thanksgiving on...

EUR/JPY INTRADAY CHART BIAS: We should now see a whippy end to the current decline Resistance: 130.90-10 131.40-45 131.65-75 132.04Support: 130.52-65 130.33-45 130.00-10 129.60-65 MAIN ANALYSIS: This...

It was November 11th, when we published “AUD/JPY To Regain Intraday Positive Bias?”. In that article the Elliott Wave Principle helped us come to the conclusion we should expect a...