Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.94; (P) 171.59; (R1) 172.25; GBP/JPY dives sharply to as low as 169.68 so far today and took out 170.42 support. Fall from 175.36 has resumed and intraday...

The Sterling tumbles sharply as the week starts on increasing uncertainty over Scotland's independence. According to a YouGov poll released on Sunday, support for independence of Scotland jumped again...

European majors depreciated sharply last week as markets were shocked by ECB's easing. Sterling was indeed the weakest one as it also pressured by the increasing support for Scottish independence....

EUR/USDThe euro pulled back from 14-month lows against the dollar on Friday after data showed that the rate of U.S. job creation slowed in August, indicating that interest rates will remain on hold at...

EUR/USDRisk reward: 1.78Trend: DownSell at 1.2943 SL 1.2975 TP 1.2886USD/JPYRisk reward: 1.59Trend: UpBuy at 105.02 SL 104.70 TP 105.53GBP/USDRisk reward: 2.28Trend: Strong DownSell at 1.6218 SL...

EUR/USD Daily AnalysisThe euro has stalled above 1.2920 but the trend remains strongly bearish and calling a bottom is fruitless until we see meaningful technical evidence that the trend has changed....

On Friday, the USD is trading flat against the CAD to close at 1.0882.In economic news, Canada’s unemployment rate in August remained unchanged from the previous month at 7.0%. However, the...

On Friday, the USD declined 0.14% against the CHF and closed at 0.9314. The Swiss Franc gained ground, after the Swiss industrial production grew at a faster rate, increasing 3.1%, on a quarterly...

On Friday, GBP traded marginally higher against the USD and closed at 1.6326, after the BoE’s latest survey raised its UK consumer inflation expectations for the next 12 months to 2.8%, from...

On Friday, EUR rose 0.12% against the USD and closed at 1.2951, after in Germany, Euro-zone’s biggest economy, the industrial production rose 1.9%, on a monthly basis, in July, marking its...

The US Core Retail Sales could provide the momentum to push USD further as recent market sentiments have been shifting towards more pro USD. A stronger release is obviously positive for the USD...

RBNZ Interest Rates decision today is expected to stay at 3.50%; with the USD gaining traction and the fact that RBNZ is unlikely to hike rates due to recent disappointing economic releases, we should...

Australia 200 for Monday, September 8, 2014For the last couple of weeks the Australian 200 Index has traded in a narrow range between 5600 and 5650 although it enjoyed a small excursion when it...

AUD/USD for Monday, September 8, 2014The Australian dollar showed some positive signs to finish out last week as it surged higher again bouncing off support below 0.93 and reaching a new four week...