Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 194.07; (P) 194.30; (R1) 194.77; Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 184.95 might extend. But we'd expect strong resistance...

EUR/USD Daily PivotsR3 - 1.1258 R2 - 1.1221 R1 - 1.1166 Pivot - 1.1131 S1 - 1.1075 S2 - 1.1040 S3 - 1.0984 EUR/USD (1.1): EUR/USD failed to break the resistance zone between 1.117 and 1.1135 and...

The dollar moved higher on Friday after the release of positive U.S. data on producer prices and industrial output, however, it still ended the week lower against most major currencies due to...

On Friday, the AUD strengthened 0.13% against the USD to close at 0.7377. LME Copper prices rose 0.16% or $8.0/MT to $5156.0 /MT. Aluminium prices rose 0.10% or $1.5 /MT to $1540.5 /MT. In the Asian...

On Friday, the USD rose 0.18% against the CAD to close at 1.3092. On the macro front, Canadian manufacturing shipments advanced 1.20% on a MoM basis in June, compared to a revised rise of 0.20% in the...

On Friday, the USD slightly traded lower against the CHF and closed at 0.9761. In the Asian session, at GMT0300, the pair is trading at 0.9778, with the USD trading 0.17% higher from Friday’s...

On Friday, the GBP marginally rose 0.23% against the USD and closed at 1.5645. In economic news, Britain construction output growth rose moderately by 0.9% on a MoM basis in June, against market...

On Friday, the EUR declined 0.39% against the USD and closed at 1.1111, after the Euro-zone’s as well as the German economy grew less than market forecasts in the second quarter of 2015. Data...

Key Events This Week: August 17th – 21thUSD: CPI, FOMC Minutes Release – Wednesday, Manufacturing PMI – FridayGBP: CPI – TuesdayCAD: CPI – Friday Overview USD Weakened...

Market Commentary USD holds above 96.50, underpinned by domestic data releases. PPI final demand eased less than expected to 0.2%m/m for July. Industrial production exceeded expectations with a...

Two weeks ago, I had warned that GBP/USD will start to move in a sideways formation and that was to be expected due to low volatility month. Inflation data from UK is due on Tuesday and most important...

Talking Points:British Pound Gains on Hawkish Comments from BOE’s Forbes Canadian Dollar Follows Crude Oil Lower on Supply Glut Bets US Dollar Higher Ahead of 6- and 3-Month Treasury Bill...

Market Drivers for August 17, 2015 Euro tests 1100 but recovers Japanese GDP leaves concerns about BOJ policy Nikkei 0.49% Europe 0.31% Oil $42/bbl Gold $1117/oz. Europe and AsiaJPY: Prelim GDP -0.4%...

Having capped its strength at the 1.2506 level to close marginally higher the past week, further USD/JPY corrective weakness is envisaged. On the upside, resistance resides at the 124.50 level with a...