Forex Opinion & Analysis

USD/JPY Upside Risk to 103.40/45; Bull Shift Seen Through 103.70As expected a still better effort on Monday having stated in our last report that "we now see a constructive bias with early April...

For the 24 hours to 23:00 GMT, AUD rose 0.11% against the USD to close at 0.9268.Late yesterday, a report from Australia showed that the AiG performance of manufacturing index decline to a reading of...

For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.1053.Earlier during the day, the Canadian Dollar advanced after data showed that the Canada’s GDP rose 0.5%...

EUR/USDRisk reward: 2.09Trend: Strong UpBuy at 1.3773 SL 1.3741 TP 1.3840USD/JPYRisk reward: 1.97Trend: UpBuy at 103.25 SL 102.93 TP 103.88 GBP/USDRisk reward: 1.84Trend: UpBuy at 1.6661 SL 1.6629 TP...

For the 24 hours to 23:00 GMT, the USD declined 0.29% against the CHF and closed at 0.8845.Yesterday, in an interview with the Wall Street Journal, the SNB Chief, Thomas Jordan, stated that the...

For the 24 hours to 23:00 GMT, the USD strengthened 0.32% against the JPY and closed at 103.23.Yesterday, data from Japan showed that housing starts rose 1.0% (YoY) in February, less than...

For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3775, reversing its initial losses, triggered by an official report that showed annual consumer inflation rate in the...

Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.6615, which will be followed by reaching resistance level 1.6685...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.28; (P) 171.69; (R1) 172.40; Outlook in the GBP/JPY is unchanged. Price actions from 174.84 are viewed as a consolidation pattern with rebound from 163.87...

Price action in AUD/USD behaved as expected yesterday. Bears pushed prices lower but the consolidation floor between 26th - 27th March stood, with prices subsequently rebounding higher during US...

GBP/USD Open 1.6663 High 1.6685 Low 1.6610 Close 1.6661On Monday the GBP/USD increased with 75 pips. The Cable appreciated from 1.6610 to 1.6685 yesterday, in line with the positive money flow...

The euro once more held the 1.3722 support and this propelled the market higher to 1.3809. Good close. And as you can see from the below chart, medium term we are beginning to turn positive on the...

Yesterday produced a volatile (wide bodied) spinning top candle beneath 80.50 resistance on the USD Index to suggest a bearish pattern emerging. I am satisfied that the original bullish wedge pattern...

The following table lists the key economic data and other events that are due out during the week of March 31st–April 4th, with release times displayed for the GMT time zone.The list also...