Forex Opinion & Analysis

GBP/JPY: Daily OutlookDaily Pivots: (S1) 158.17; (P) 158.46; (R1) 158.80;Intraday bias in the GBP/JPY remains mildly on the upside as rebound from 154.72 continues. Further rally could be seen to...

The US dollar is the currency in focus today as attention shifts to the much-awaited US jobs data. The Asian session was relatively quiet and major pairs consolidated as investors wait in the...

GBP/USD Open 1.6143 High 1.6187 Low 1.6114 Close 1.6140On Monday GBP/USD decreased with 55 pips. The Cable depreciated from 1.6187 to 1.6131 yesterday, in line with the negative money flow sentiment...

GBP/USD retested the two and a half year trend line at 1.6225 and broke 1.6146/40 as we look for a test of the next support at 1.6100/90. A low for the day is likely here as we start to look oversold...

Canada’s Consumer Price Index for September was released on Friday. The monthly growth rate was slightly higher than expected: 0.2%, compared to a forecast of 0.1%. On an annual basis, inflation...

GBP/USD for Tuesday, October 22, 2013In the last couple of days of last week the GBP/USD surged higher from the key level at 1.60 to move back to close to 1.6250 before easing back. To start this week...

AUD/USD for Tuesday, October 22, 2013In the few days to close out last week the AUD/USD surged higher to set another four month high near 0.9680 before just easing away a little and consolidating in...

It's been a very quiet Monday in the currency markets, and USD/CAD is showing almost no change. In the North American session, the pair is trading very close to the 1.03 line. In economic news, US...

Monday’s forecast headed in our direction for the most part, in fact all pairs behaved close to what we had thought possible, especially the EUR/USD, GBP/USD, USD/CHF and EUR/JPY. As we had...

EUR/USD Open 1.3674 High 1.3690 Low 1.3650 Close 1.3676On Monday EUR/USD decreased insignificantly with 40 pips. The european currency depreciated from 1.3690 to 1.3650 yesterday, matching the...

The GBP/USD failed to break above 1.6259 resistance, suggesting that lengthier consolidation of the uptrend from 1.4813 (Jul 9 low) is underway. Range trading between 1.5894 and 1.6259 would likely be...

Why FX Traders Should Be Skeptical About PayrollsEUR: Potential For Fundamental Support This WeekGBP: Near-term Top?CAD: Weaker Consumer Spending Could Reverse CAD Gains NZD: First Losing Day In 7AUD:...

Eur/Yen Near-Term OutlookThe market indeed continued its extended period of ranging higher, still seen forming a large rising wedge since May. These are generally viewed as reversal patterns, and with...