Forex Opinion & Analysis

China’s main indices attempted a rebound on Thursday after yesterday’s 3% slump, which was the biggest drop in five weeks. But earlier gains were pared to stand only marginally higher in...

For the 24 hours to 23:00 GMT, the AUD weakened 0.71% against the USD to close at 0.7212. LME Copper prices declined 0.07% or $3.5/MT to $5185.5/MT. Aluminium prices declined 1.03% or $15.5/MT to...

For the 24 hours to 23:00 GMT, the USD rose 1.02% against the CAD to close at 1.3117. Yesterday, the Bank of Canada, in a widely expected move kept its key overnight lending rate unchanged at 0.5%,...

For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CHF and closed at 0.9593. In economic news, Switzerland’s M3 money supply advanced 1.2% YoY in September, compared to prior...

For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 119.88. The Japanese yen came under pressure after weak trade data led to speculation that the BoJ might...

For the 24 hours to 23:00 GMT, the GBP fell 0.18% against the USD and closed at 1.5418. In economic news, UK’s public sector net borrowing reported a surplus of £8.6 billion in September,...

GBP/JPY: With the cross closing lower on price failure on Wednesday, we envisage further move lower in the days ahead. On the downside, support comes in at the 184.00 level where a violation will aim...

EUR/JPY INTRADAY CHART BIAS: We should now see deeper losses - but still need to establish the foundation waves first Resistance: 136.38 136.73-95 137.44 137.70-90Support: 135.85 135.50-60 135.05-25...

Has the market given up for the rest of the year? Probably not, but it definitely attempted to make a dry run. Having written yesterday’s outlook, and the subsequent dearth of movement, it...

The yen has been under considerable pressure over the last week with some poor economic results, and a bullish US dollar. The USD/JPY pair has now run head first into the bearish trend line which...

The EUR/USD overnight was in a trading range in the middle of a 3 month triangle and a 10 month trading range on the daily chart. The range overnight was small. Day traders will continue to scalp, and...

GBP/AUDShort term Elliott wave view suggests decline to 2.078 ended wave W. From this level, pair is rallying higher in wave ((W)) in double three structure, where wave (W) ended at 2.13, wave (X)...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Forex traders refrained from taking big positions in EUR/USD ahead of the European Central Bank’s monetary-policy...