Forex Opinion & Analysis

Source: Blackwell Trader (USDJPY, D1) The USD/JPY is starting to look quite bullish on the charts after a recent batch of heavy testing followed by positive US data for a change. But looks may be...

A waning commodity price index and business confidence combined with a booming house price index and net migration has put the RBNZ into an increasingly tight spot. The Interest rate will rise, that...

All input factors, with the exception of the FX score derived from last week's spot performance, currently favour being long CHF and thus the scorecard recommends buying CHF this week. The long basket...

AUD/USD Analysis Technically, the AUD has been ranging for the past 8-weeks but we could be fast approaching an end to this correction. I see 2 potential patterns emerging with contrasting...

AUD/USD was unable to break the 2 month trend line resistance at 9370/75 as we topped at 9358. A high for the day is expected in the 9360/70 area as we become overbought short term. The outlook this...

USD/JPY levels are working quite well but direction is hard to gauge. Support at 102.05/95 was expected to be the low for the day on Friday and as predicted we bottomed almost exactly here at 102.08....

We seem to have had a good forecast for last day of the previous week(Friday). Infact all pairs behaved close to what we had thought possible, specially the EUR/USD, GBP/USD, USD/CAD and AUD/USD. The...

EUR/USDThe euro was steady today at $1.3646 after ending last week little changed as the European Central Bank pushed the deposit to negative and introduced further stimulus in a bid to avoid...

EUR/USDRisk reward: 1.41Trend: UpBuy at 1.3642 SL 1.3610 TP 1.3687USD/JPYRisk reward: 1.00Trend: NeutralSell at 102.55 SL 102.87 TP 102.23GBP/USDRisk reward: 1.56Trend: UpBuy at 1.6806 SL 1.6774 TP...

On Friday, the AUD strengthened marginally against the USD to close at 0.9337.LME Copper prices declined 2.1% or $139.5/MT to $6660.5/MT. Aluminum prices fell 0.6% or $11.5/MT to $1817.0/MT.In the...

On Friday, the USD rose 0.12% against the CAD to close at 1.0934, as the loonie came under pressure after data showed that Canada’s unemployment rate unexpectedly rose to 7.0% in May, as...

On Friday, the USD rose 0.27% against the CHF and closed at 0.8938.In economic news, the annual consumer inflation rate in Switzerland rose more than market expectations to 0.2% in May, for the first...

On Friday, the USD strengthened 0.13% against the JPY and closed at 102.57, as traders cheered the latest batch of strong employment data from the US economy.In economic news, Japan’s leading...

On Friday, the GBP fell 0.06% against the USD and closed at 1.6801.On the economic front, total trade deficit of the UK widened to £2.5 billion in April from a revised deficit of £1.1...