Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.40; (P) 157.84; (R1) 158.12;The break of 156.86 minor support suggests that fall from 159.52 is resuming and intraday bias is mildly on the downside. But...

Dollar Gains a Pre-FOMC Correction to Bleed Risk Exposure The US dollar advanced for a third consecutive trading session through Monday. Taken at face value, this would seem a remarkable performance...

A quite unremarkable day today at first glance has presented some interesting developments. US data was terrible with Pending Homes Sales well below expectations at -5.6% yet the USD% index rallied...

Monday’s forecast had a bit of a turmoil as only USD/CAD behaved close to what we had thought possible, looks like US dollar strengthened overall instead of weakening as we had thought. On the...

Over the last couple of weeks the GBP/USD has moved well from the key level at 1.60 back up to the significant resistance level at 1.6250, only again for this level to stand tall and fend off buyers...

EUR/USD for Tuesday, October 29, 2013Earlier last week the Euro enjoyed a strong surge higher to move through to its highest level in nearly two years just above 1.38 before spending several days...

The British pound has picked up where it left off last week and is showing little movement in Monday trading. In the North American session, GBP/USD is trading in the mid-1.61 range. Taking a look at...

Last Wednesday the Bank of Canada maintained its key interest rate at 1%. This came as no surprise, since the rate has not budged since September 2010. At the same time the Bank lowered its growth...

EUR/USD Open 1.3787 High 1.3818 Low 1.3768 Close 1.3784On Monday EUR/USD traded within narrow 50 pip range. The European currency depreciated from 1.3818 to 1.3774 yesterday, matching the negative...

EUR/USD held resistance at 1.3815/33 as expected. We could try shorts in this area again today with a high for the day likely as we expect the outlook to turn more negative this week, but we will need...

Aussie has benefited from global pick-up in risk appetiteWhen we last visited AUDUSD in early September we emphasised that while the Aussie had been under pressure from loose monetary policy by the...