Forex Opinion & Analysis

KEY DATA RELEASES TODAY (GMT) :1200 GBP Asset Purchase Facility exp 375B v 375B 1200 GBP Official Bank Rate exp 0.50% v 0.50% 1203 GBP MPC Rate Statement 1245 EUR Minimum Bid Rate exp 0.05% v 0.05%...

The EUR/USD pair has fallen below the Jan 26 lows at 1.1097 and also cleared the S1 monthly pivot not far beneath at 1.1065. The next bearish target is at 1.0941, where the S2 monthly pivot rests....

Market BriefToday’s key events are the BoE, the ECB verdicts and ECB President Draghi’s press conference (at 12:00, 12:45 and 13:30 GMT respectively). The consensus is status quo on both...

EUR/USD The euro holds firm bearish tone and heads towards psychological 1.10 support, ahead of today’s ECB meeting. Yesterday’s close in long red candle and eventual completion of...

GBP/USD Open 1.5261 High 1.5373 Low 1.5223 Close 1.5259 On Wednesday Pound/Dollar decreased with 120 pips. The Cable depreciated from 1.5373 to 1.5250 yesterday, in line with the negative money flow...

USD/CAD is consolidating in a descending triangle after a long term rally from 1.0619 last July. The triangle base provides support at 1.2350. A break below this would target next support 1.2050.To...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.15; (P) 183.06; (R1) 183.62; Intraday bias in GBP/JPY is neutral for the moment. With 181.65 minor support intact, further rally is in favor for...

AUD/NZD: Short One short position has been opened this week and closed today with a profit of 1/2 Weekly ATR (84 pips). On pullback postions will be opened again. See for more information my Strategy...

For the 24 hours to 23:00 GMT, the AUD traded marginally higher against the USD to close at 0.7819.LME Copper prices declined/rose 0.46% or $27.0/MT to $5882.0/MT. Aluminium prices rose 0.20% or...

For the 24 hours to 23:00 GMT, the USD declined 0.53% against the CAD to close at 1.2424.Yesterday, the BoC kept its interest rate steady at 0.75%. Additionally, the central bank in its monetary...

For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CHF and closed at 0.9634.In the Asian session, at GMT0400, the pair is trading at 0.9651, with the USD trading 0.17% higher from...

For the 24 hours to 23:00 GMT, the USD traded flat against the JPY and closed at 119.68.In the Asian session, at GMT0400, the pair is trading at 119.83, with the USD trading 0.12% higher from...

For the 24 hours to 23:00 GMT, the GBP fell 0.62% against the USD and closed at 1.5269, following downbeat Markit services PMI data in the UK.Yesterday, Britain’s Markit services PMI...

For the 24 hours to 23:00 GMT, the EUR declined 0.85% against the USD and closed at 1.1084, following mixed economic data in the euro-zone and Germany.Data showed that, retail sales in the euro-zone...