Forex Opinion & Analysis

EUR/USDRisk reward: 2.78Volatility: HighUp at 1.1010 Limit 1.0978 Target 1.1099USD/JPYRisk reward: 2.31Volatility: HighDown at 122.61 Limit 122.93 Target 121.87 GBP/USDRisk reward: 2.09Volatility:...

The outcome of Sunday’s referendum in Greece on the bailout program showed 61.3% of the public had voted against the latest creditors’ proposal – a much higher percentage than...

The pound traded lower throughout the week thanks to a surge in the USD on the uncertainty in global markets. There were some mixed results from a UK economic point of view which didn't help. A...

GBP/JPY Daily OutlookDaily Pivots: (S1) 190.53; (P) 191.53; (R1) 192.18; GBP/JPY dropped sharply to as low as 189.39 before recovering mildly. Intraday bias remain son the downside. As noted before,...

EUR/USDThe euro fell sharply because Greece rejected the proposed bailout terms from international creditors, placing the question of the country's continued membership in the euro zone at the front...

UK BOE Interest Rate Decision will probably be another non-event as usual, especially considering how the MPC usually does not release any accompanied statements with the decision (unless there is a...

AU RBA Interest Rate Decision today is expected to remain unchanged today, but with RBA cutting rates in the previous meetings, I would remain on the sideline and only take a trade if we get a...

US ISM Non-Manufacturing PMI is a leading indicator, but since it is scheduled AFTER the all-important Nonfarm Payroll Report, I would not expect any trend changing impact, but if we get our tradable...

On Friday, the USD rose 0.10% against the CAD to close at 1.2555.The Canadian Finance Minister, Joe Oliver, mentioned that the nation will avoid a recession in 2015, despite data disclosing that the...

On Friday, the USD declined 0.26% against the CHF and closed at 0.9406.In the Asian session, at GMT0300, the pair is trading at 0.9439, with the USD trading 0.35% higher from Friday’s close.The...

On Friday, the USD weakened 0.22% against the JPY and closed at 122.78.In the Asian session, at GMT0300, the pair is trading at 122.52, with the USD trading 0.21% lower from Friday’s close.Early...

On Friday, the GBP declined 0.15% against the USD and closed at 1.5585.In economic news, services activity in Britain bounced back more than anticipated pace in June, suggesting an improvement in the...

On Friday, the EUR rose 0.17% against the USD and closed at 1.1107,In economic news, Germany’s final services PMI edged up to a level of 53.80 in June, compared to a level of 53.0 in the...

Talking Points: GBP/JPY Technical Strategy: Short at 192.83 Support: 187.85, 185.37, 182.89 Resistance: 190.91, 192.80, 194.33 The British pound gapped to the lowest level in a month against...