Forex Opinion & Analysis

A very weak US Philly Fed data point yesterday knocked the USD back another couple of steps against the European currencies, disrupting its generally strong rally stance heading into that data point....

AUD/USD bulls have done a great job yesterday, pushing back up above 0.900 during the end of US session, clawing back all the losses suffered after prices tanked on weaker than expected HSBC/Markit...

EUR/USD The euro lost traction and fell to strong 1.3690 support, where temporary support was found. Subsequent bounce to 1.3720 zone, near mid-point of 1.3772/1.3685 fall was all of the recovery...

EUR/USD The downside move of yesterday remained limited above 1.3680 levels strengthening the bullish possibility. In fact, positiveness should be supported by trading again above 1.3745 to get the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.40; (P) 170.08; (R1) 170.96 Intraday bias in the GBP/JPY remains neutral for the moment. With 169.11 minor support intact, rebound from 163.87 is expected...

We did have some decent movements on our pairs throughout the course of the week. Looks like our previous forecast was in our favor on about four pairs i.e EUR/USD, USD/CAD and the two Oceanic Pairs....

The DAX index has clearly broken out of its upward channel (purple lines) on a daily time frame. However, after a little correction we can see that the price has bounced back up from the 61.8%...

With nothing major crossing the wires tonight it has been a rather calm session. Nikkei is up 2% and this is drugging USDJPY and other crosses a little higher but still within the recent range. The...

EUR/CAD continues to rise after the recent breakout of the 4-hour Double Bottom chart pattern that was earlier identified by Autochartist – as you can see from the following trade opportunity...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.14% against the USD to close at 0.9007.LME Copper prices declined 0.5% or $35.0/MT to $7185.0/MT. Aluminium prices fell 0.5% or $9.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.25% against the CAD to close at 1.1102.In the Asian session, at GMT0400, the pair is trading at 1.1127, with the USD trading 0.23% higher from...

For the 24 hours to 23:00 GMT, the USD marginally rose against the CHF and closed at 0.8894.In economic news, a report showed that Switzerland’s trade surplus widened more-than-expected to...

For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 102.32.Yesterday, the Bank of Japan (BoJ) Board Member, Yoshihisa Morimoto, opined that, despite the soft...