Forex Opinion & Analysis

GBP/USDMain scenario:The pair is trading along a downtrend with target on 1.5345 and below, may be expected to continue, while pair is trading below resistance level 1.5500. Alternative scenario:An...

Britain will not postpone but hike its interest rate in advance, Forbes from Bank of England(MPC)said that, the investors are exaggerating the slowdown economy of emerging economies. Even though...

China’s economy slowed to the lowest level since 2009 in the third quarter of the year but the growth rate beat forecasts, easing fears of a hard landing. GDP expanded by 6.9% in the third...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.79; (P) 184.25; (R1) 184.87; Outlook in GBP/JPY is unchanged. Sideway consolidation from 180.36 is still in progress and further recovery might be seen....

For the 24 hours to 23:00 GMT, the AUD weakened 0.82% against the USD to close at 0.7273. LME Copper prices declined 1.38% or $74.0/MT to $5270.0/MT. Aluminium prices declined 1.59% or $25.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.36% against the CAD to close at 1.2908. In economic news, Canada’s manufacturing shipments fell 0.2% MoM in August, compared to a rise of 1.7% in...

For the 24 hours to 23:00 GMT, the USD strengthened 0.46% against the JPY and closed at 119.49. On Friday, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda, stated that Japan’s economy is...

For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.5434. In economic news, UK’s Rightmove house price index rose 0.6% MoM in October, from an increase of 0.9% in...

CA BOC Interest Rate will probably remain unchanged as analysts expected, especially considering recent market turmoil and constant pressure over crude prices, BOC is unlikely to surprise the...

UK Retail Sales is expected to come in at 0.3% and we’ll be looking for a deviation of 0.5%. Taking into account that the USD has been consolidating lately, a stronger release will definitely...

ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45am, then followed with a press conference at 8:30am. Current market expectation for ECB is a bit more optimistic as recent...

CA Core Retail Sales figure could provide some incentive for CAD to move. As the market is generally pushing CAD lower, a strong release could provide decent support until the next major...

CA Core CPI is likely a high impact release for the CAD, especially considering current crude price trend. Obviously if we were to get a stronger release, then we should see some support for the...

With the continuation of the China saga, global sentiment received another dent as GDP growth for the world’s second largest economy in Q3 fell short of the golden 7% figure. Although GDP rose...