Forex Opinion & Analysis

EUR/USDThe euro fell to fresh eight-month lows against the U.S. dollar on Wednesday, falling below the 1.34 level, after data showed that the U.S. economy rebounded strongly in the second quarter. The...

GBP/JPY continues to rise after the recent breakout of the high-quality Falling Wedge chart pattern that was earlier identified by Autochartist – as you can see below. GBP/JPY is expected to...

EURUSD Daily Analysis: US GDP numbers came in much higher than expected, at 4.0% vs expectations of 3.0%, pushing the USD into a strong rally against most other pairs as the prospect of a...

For the 24 hours to 23:00 GMT, the AUD weakened 0.65% against the USD to close at 0.9325.Yesterday, the IMF stated that Australia’s largest trading partner, China would register economic growth...

For the 24 hours to 23:00 GMT, the USD rose 0.50% against the CAD to close at 1.0905 after the Fed’s upbeat assessment of the US economy.In economic news, the industrial product price index in...

For the 24 hours to 23:00 GMT, the USD rose 0.22% against the CHF and closed at 0.9089, following Fed’s optimistic view about the health of the US economy.In economic news, the KOF economic...

For the 24 hours to 23:00 GMT, the GBP fell 0.22% against the USD and closed at 1.6907. The greenback continued to remain supported following the Fed’s monetary policy meeting and upbeat...

For the 24 hours to 23:00 GMT, the EUR declined 0.11% against the USD and closed at 1.3394.The US Dollar strengthened against the Euro, after the Federal Reserve in its monthly monetary policy meeting...

GBP/USDOpen 1.69084 High 1.6956 Low 1.6888 Close 1.6910On Wednesday the GBP/USD continued decreasing with 65 pips. The Cable depreciated from 1.6956 to 1.6888 yesterday, in line with the negative...

 Determined rally from the USD has pushed it into resistance Let us turn our focus on recent major currency pair exchange rates. We are looking at the G3 currencies here, which include the US...

AUD/USD: tops for bear biasWe stated in our last report that “we see a defensive bias, with risk through midweek lower for .9360, .9330 and maybe through .9322”.Having setback from the...

The Euro versus the pound is seeing somewhat of a price consolidation and should break out. With all of the news due out in the next 36 hours, we could see some large movements The EURGBP pair is...

Talking Points:GBP/JPY Technical Strategy: Flat Support: 173.44, 172.59, 171.75 Resistance: 173.96, 174.82, 175.35-50 The British pound launched a recovery against the Japanese yen having found...

We have come to an end of the month and we have had a good one indeed. Our previous forecast was a favourable one with 5 out of the 7 pairs conforming to our forecast, specially EUR/USD, USD/CHF,...