Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.32; (P) 151.94; (R1) 152.71;Intraday bias in GBP/JPY remains mildly on the upside for the moment. Rise from 147.61 is extending the consolidation pattern...

Dollar weakened overnight after St. Louis Fed Bullard warned that FOMC members "have tended to be too optimistic over the last several years," and "caution is warranted in taking policy action based...

Improved employment situation sends pound higher. The pound gained ground against the US dollar and the euro following Wednesday’s release of minutes from the Bank of England as the Unemployment...

Spot Gold ended near-term correction that found support at 1315, Fibonacci 38.2% of 1272/1343 upleg, with fresh strength approaching 1347 barrier. Break here is required to resume larger recovery...

Near-term price action moves lower, as the upside attempts were capped at 1.1456, keeping the 1.1500 barrier intact for now. Fresh slide tests bull-trendline off 1197 low, also 50% retracement of...

The pair’s hourly tone improves, as the pullback from 0.9220 top finds temporary support at 0.9080 zone, Fibonacci 38.2% of 0.8846/0.9220,and subsequent bounce retraces over half of...

Crude Oil reached its highest level in many weeks as Brent futures traded as high as $109.41 and WTI futures tested $107.03. Oil appreciated after the American Petroleum Institute reported inventories...

The pair consolidates a recent rally that commenced from 95.78 and was so far capped at 98.41, near Fibonacci 61.8% of 99.93/95.78 descend. Positive 4-hour studies favor further upside, however, gains...

Cable’s near-term structure improved, as the price found support at 1.5420, where double bottom was formed. Fresh strength that emerged from here reached levels close to key near-term barrier at...

The pair maintains positive near-term ton, as recovery rally from 127.99 low consolidates near 130.00 handle, following extension to 130.65 so far, with 20/55DMA’s holding the downside....

The Euro enters near-term consolidative/corrective phase, after finding temporary footstep at 1.3230 zone. The pair broke above 1.3232/1.3278 range and cracked 1.3300, psychological / 50% retracement...

For the first time in seven quarters, eurozone GDP has grown over the past three months. Growth in GDP even outstripped market expectations, coming in at +0.3% rather than the anticipated +0.2%. This...

USD/CAD reversed sharply to the downside at the end of the last week, clearly in impulsive fashion, so structure is now pointing for weaker USD/CAD if we consider that rally from 1.0243 was made in...