Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD declined 0.61% against the CAD to close at 1.0893.In economic news, Canada’s merchandised trade surplus narrowed to C$79.0 million in March, compared to...

For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.8745, as the US trade balance data failed to meet market expectations for March.In the Asian session, at GMT0300,...

For the 24 hours to 23:00 GMT, the USD weakened 0.46% against the JPY and closed at 101.68, following the releases of lacklustre US trade balance data for March.In economic news, the OECD slashed its...

For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.6973, after the UK Markit service PMI beat expectations and rose to a level of 58.7 in April, the highest level since...

For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.3926, after retail sales in the Euro-zone economy rose for the third-straight month in March and after Markit...

EUR/USD The pair inched higher yesterday and is trading above 1.3905 levels, as stabilizing above this level keeps the upside move valid. Stochastic is showing overbought signals which might lead to...

GBP/JPYDaily Pivots: (S1) 172.21; (P) 172.57; (R1) 172.95; Intraday bias in theGBP/JPY remains neutral for the moment. The cross is still staying in side medium term consolidation pattern from...

EUR/USD The Euro ended three-week long phase where the price was entrenched within 1.3773/1.3904 range. Break higher signals eventual completion of corrective phase off 1.3965, 13 Mar peak, with clear...

Uber-Sloper BDI wrote me to make note he was watching the US dollar most closely. I decided to take a peek at the cross-rate which has been so important to equity strength, USD/JPY, and compare it on...

We hit 1.6998 yesterday and GBP/USD looks strong again. I know we have the 1.7000 psychological barrier, but there is scope for a move higher with 1.7045 the targeted area at which point the market...

GBPUSD – 1.6820 Buy Setup Now Up Over +150 PipsIn our May 1st commentary, we offered up a buy signal at 1.6820 as we felt trading with the trend was still the play, and we had our level. Sure...

GBP/USDOpen 1.6971 High 1.6997 Low 1.6865 Close 1.6973 On Tuesday GBP/USD increased with 130 pips. The Cable appreciated from 1.6865 to 1.6997 yesterday, in converse with the positive money flow...