Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 177.27; (P) 177.77; (R1) 178.36; With 180.10 minor resistance intact, deeper fall is expected to 175.49 support. Break will extend the fall from 189.70 to...

Yen is mildly higher while Japanese Nikkei 225 surges to 15 year high as BoJ left monetary policies unchanged as widely expected. BoJ maintained the pledge to increase monetary base at annual pace of...

US Dollar The U.S. dollar is trading broadly lower against its major peers, despite yesterday's better-than-expected U.S. job openings, and due to a possible rate hike delay. Job openings climbed to...

Apparently some traders were pricing in the risk of a dovish Bank of Japan meeting overnight, given the sluggishness in Japan’s economy and the clear lack of progress towards the bank’s...

Today, of course, is FOMC day with the minutes due at 2.00 pm EST. Following in the wake of the dire NFP data on Friday, it will be more than interesting to see whether the tone from the Fed has...

EUR/USDThe euro remained lower against the U.S. dollar on Tuesday, after the release of disappointing euro zone service sector data. Market research group Markit reported that the euro zone's services...

The dollar remained broadly higher against most major currencies in a quiet trading session on Tuesday, where the dollar recovered some of the losses posted after Friday's disappointing U.S....

Market BriefIn the Asian session, the big story was the announcement that the BoJ kept its massive monetary stimulus unchanged, restating that Japan’s economy is not out of the woods yet and...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.60% against the USD to close at 0.7641.LME Copper prices rose 0.66% or $39.5/MT to $6041.0/MT. Aluminium prices rose 0.82% or $14.5/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CAD to close at 1.2503.Yesterday, the Canadian Prime Minister, Stephen Harper, mentioned that the nation would register weaker than...

For the 24 hours to 23:00 GMT, the USD rose 0.74% against the CHF and closed at 0.9657.In economic news, Switzerland’s foreign currency reserves unexpectedly advanced to a level of CHF522.30...

For the 24 hours to 23:00 GMT, the USD strengthened 0.67% against the JPY and closed at 120.29.In the Asian session, at GMT0300, the pair is trading at 120.11, with the USD trading 0.15% lower from...

EUR/USDRisk reward: 2.12Volatility: HighUp at 1.0829 Limit 1.0797 Target 1.0897USD/JPYRisk reward: 2.63Volatility: HighDown at 120.25 Limit 120.57 Target 119.41GBP/USDRisk reward: 2.09Volatility:...

For the 24 hours to 23:00 GMT, the GBP fell 0.47% against the USD and closed at 1.4817.In economic news, the UK Markit services PMI advanced to a 7-month high reading of 58.9 and remained in an...