Forex Opinion & Analysis

HourlyMy expectations for the pound came off in full. The GBP/USD rose to 1.5335 at the US session. From a 1.5335 maximum, the pound rebounded to 45 degrees. For us to see a continuation of this...

HourlyYesterday’s Trading: On Thursday, the euro/dollar rose to 1.0762. The euro/dollar was down to 1.0668 after the publication of ECB minutes, but then it quickly restored itself. The...

Yesterday’s disappointing report on the UK Retail Sales during the month of October indicated that the weakness in the British economy still persists when the index dropped below the...

The increased confidence investors acquired from the FOMC minutes regarding the high possibility of a US rate rise in December has led to investors unwinding their Dollar positions. While the...

Hiking into a period of calmThe dollar sell off that was expected following Wednesday’s Federal Reserve minutes continued yesterday and through the Asian session overnight. This is not a sudden...

As Eurozone,Japan and China have adopted quantitative easing policy in succession, the global is entering a policy-easing period. Under this condition, a large number of capital is flu into flowed...

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 0.62% 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 GBP rose 0.38% against the USD and closed at 1.5289. In economic news, UK’s retail sales fell more-than-expected by 0.6% MoM in October, after recording a 1.7%...

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...

GBP/USD first support at 1.5265/60 for profit taking on our shorts and this could hold the downside. However longs need stops below 1.5240. Further losses target good support at 1.5225/20. Try longs...