Forex Opinion & Analysis

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.98% against the CAD to close at 1.3011. In the Asian session, at GMT0300, the pair is trading at 1.3095, with the USD trading 0.64%...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.9836. In the Asian session, at GMT0300, the pair is trading at 0.9845, with the USD trading...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.22% against the JPY and closed at 124.56. The Yen lost ground as the Economy Watchers’ Survey presented a mixed picture...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.59% against the USD and closed at 1.5587. In the Asian session, at GMT0300, the pair is trading at 1.5561, with the GBP trading 0.16%...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.49% against the USD and closed at 1.1017. In economic news, the Euro-zone’s Sentix investor confidence index unexpectedly dropped...

The EUR/USD is lower overnight to retest first support at 1.0950/55. Again holding here is positive for today & re-targets minor resistance at 1.0988/95 then 1.1010, before a retest of 100 day...

Talking Points:USD/JPY Technical Strategy: Flat Support: 124.10, 123.28, 122.73 Resistance: 124.78, 125.20, 125.88 The US dollar produced a bearish Evening Star candlestick pattern, suggesting a turn...

Talking Points:US Dollar Technical Strategy: Holding Long* Support: 11985, 11937, 11898 Resistance: 12043, 12149, 12203 The Dow Jones FXCM US Dollar Index remains in consolidation mode after rising to...

Talking Points:USD/CNY declines more than 1.2 percent in morning trade PBOC lowers the Yuan reference rate by a record high A spillover effect can be seen in the AUD/USD The Offshore Chinese Yuan fell...

First day of trading after the NFP release saw major USD pairs staging rallies and breaking their NFP held highs.USD/CAD in particular was the front runner on the assault on the US dollar with EUR and...

Good morning. Hope all is well! We have had a good forecast for yesterday with a 71% average on our predictions. As expected, Japanese yen lost some steam, while the US dollar was sidelined. Euro, US...

The Australian dollar has been under considerable selling pressure lately, however the pair might have finally discovered some bullish support as it busts through the long running bearish trend...

CRUDE OIL: With crude oil putting in a temporary bottom on Monday, it faces a move higher on correction. Resistance is located at the 45.50 level, where a break will expose the 46.20 level. A break...

*** Kathy will be in Asia. No Daily Reports between Aug 11 and Sept 2. Periodic Macro pieces may be written By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. 3 Main Events in...