Forex Opinion & Analysis

Forex trading ranges remain relatively tight for the time being, partly due to the lack of new fundamental data, regional holidays (Japan) and a market trying to get a better handle on central banks...

GBP/USD remains weak and vulnerable to the downside as it declined further on Tuesday with eyes on its key supports at 1.5350/29 levels. As long as its resistance at the 1.5657 level remains unbroken,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 186.19; (P) 186.76; (R1) 187.51; With 184.22 minor support intact, further rise is still mildly in favor in GBP/JPY. The corrective pattern from 195.86 might...

AUD/USDMarket Scenario 1: Long positions above 0.7150 with targets at 0.7178 and 0.7225. Market Scenario 2: Short positions below 0.7150 with targets at 0.7103 and 0.7075. Comment: The pair fell below...

Market Drivers for September 21, 2015 Euro tests 1150 but holds ahead of that level UK PSNB much larger Nikkei closed, Europe -1.85% Oil $45/bbl Gold $1134/oz Europe and AsiaGBP: UK PSNB 11.3B vs....

USDJPYThe USDJPY pair has moved bearishly again after touching 120.60-120.70 zones where a triangle has been caught. We remain bearish over intraday basis, but to be comfortable with the direction, we...

Fed speakers calm marketsYesterday was a lot quieter than Friday’s bunfight, with bonds, stocks and currencies all taking a breather from the post-Fed fallout. Speeches and comments from Fed...

Main scenario:The GBP/USD pair is trading along an downtrend with target on 1.5440, that may be expected to continue, while pair is trading below resistance level 1,5515.Alternative scenario:An...

EUR/USDCurrent level - 1.1186 The downtrend here remains intact and with the intraday resistance at 1.1212 the outlook is bearish, for another leg downwards, to 1.1086 low. Crucial on the upside is...

Dollar is broadly higher this week so far as comments from Fed officials bolstered the case for rate hike within this year. The dollar index breached a minor resistance level of 95.84 and is now back...

Market BriefDennis Lockhart, Federal Reserve Bank of Atlanta President concurs with his colleagues (San Francisco’s Williams, St. Louis’ Bullard and Richmond’s Lacker): the Fed is...

The consequences of the Federal Reserve leaving rates unchanged continues to linger within the USD as its state of heightened sensitivity leads to anxiety among market participants. The USD is still...

The dollar firmed slightly in Asian trading as it was supported by comments from Atlanta Fed President Dennis Lockhart that interest rates are likely to go up this year. Speaking in Atlanta on Monday,...

EUR/USDToday’s support: 1.1176 and 1.1160 (main), where correction is possible. Break would give 1.1153, where correction also may be. Then follows 1.1132. Break of the latter would result in...