Forex Opinion & Analysis

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...

The fact that, historically, April is the most bullish month out of all twelve for equities has been widely reported. I’d say the two charts most supportive of continued strength for the bulls...

Dollar losses in the Europeans was my favoured outcome although there was a slight shimmy in the early development but one that hasn’t altered the basic outlook. That EUR/USD and GBP/USD...

Big Moment for AUD and NZD AUD: All Eyes on RBA and Chinese PMIs CAD: GDP Growth Accelerates in January Dollar Gives Up Gains after Chicago PMI EUR: Bounces on Surprisingly Strong German Retail...

USD/JPY The USD/JPY's rebound from the 101.20 extended higher last week but is kept well below 103.40 so far. For next week 103.40 is major resistance point and daily closing above it will confirm...

The lowest euro area CPI print in four years has not spurred investors to reconsider the outlook for this week's ECB meeting. Most recognize the ECB is likely to shrug off today's preliminary report....

Talking Points Important turn window coming up for Gold EUR/USD rebounds off minor retracement level AUD/USD turns lower during “Gann Death Zone” Foreign Exchange Price & Time at a...

Talking Points- Euro-Zone CPI at lowest in over four years (0.5% y/y). - Euro rallies regardless - EUR/AUD and EUR/USD still bearish? - Economic calendar is stuffed on Monday across the globe. The...

This is a very busy week for the foreign exchange market and currencies are on the move. For the past 2 months, USD/JPY has been trading in a tight range and is prime for a breakout. Between the...