Forex Opinion & Analysis

The GBP/USD pair is trading in a side way pattern on a 4 hour time frame. The price is also trading in a very small range and the price is trading close enough to its 20 day moving average....

Yesterday’s Trading:Wednesday was a volatile one for the euro. Weak ADP saw the euro/dollar rise to 1.0933. Strong ISM saw the euro return to 1.0849. After Europe’s close, the euro...

EUR/USDEUR/USD rose slightly on Wednesday halting a three-day losing streak, amid mixed economic data in the US ahead of Friday's critical jobs report for the month of July. The currency pair traded...

For the 24 hours to 23:00 GMT, the AUD weakened 0.37% against the USD to close at 0.7355. LME Copper prices rose 0.35% or $5.5/MT to $1569.5/MT. Aluminium prices declined 0.10%% or $5.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.09% against the CAD to close at 1.3178. In economic news, Canada recorded an international merchandise trade deficit of C$0.48 billion in June, lower...

For the 24 hours to 23:00 GMT, the USD rose 0.12% against the CHF and closed at 0.9790. The Swiss Franc lost ground, after the consumer prices in the country eased 1.3% YoY in July, recording the...

For the 24 hours to 23:00 GMT, the GBP rose 0.22% against the USD and closed at 1.5602. However, Britain’s services PMI dropped to a five-month low of 57.4 in July, lower than market projections...

For the 24 hours to 23:00 GMT, the EUR rose 0.11% against the USD and closed at 1.0903, as the services sector across the Euro-zone continued to expand. Data showed that the Euro-zone’s services...

EUR/GBP has shown some considerable supply on the same day as it broke the support. This earlier supply volumes were only matched by the apparently strong volumes near the support, at the beginning of...

Talking Points:EUR/GBP Technical Strategy: Flat Support: 0.6985, 0.6930, 0.6876 Resistance: 0.7051, 0.7083, 0.7159 The euro moved lower against the British pound as expected after prices put in a...

Talking Points:NZD/USD Technical Strategy: Flat Support: 0.6443, 0.6261, 0.6114 Resistance:0.6556, 0.6679, 0.6791 The New Zealand dollar is testing July’s lows against its US counterpart after a...

Talking Points:AUD/USD Technical Strategy: Flat Support: 0.7323, 0.7234, 0.7144 Resistance:0.7379, 0.7407, 0.7468 The Australian dollar is digesting gains after turning upward against its US...

Chris looks at the upcoming August 6th session in the EUR/USD pair.

British Pound Thursday:From the US to the British Isles, attention shifts across the Atlantic Ocean tonight. Markets will receive an unprecedented data dump from the Bank of England, tonight releasing...