Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.27; (P) 151.17; (R1) 152.61;The break of 151.31 indicates that pull back from 154.04 has completed at 147.61 already. Intraday bias is back on the upside....

Dollar strengthened overnight as markets are starting to build a consensus that Fed will taper the bond purchase in September. According to a Bloomberg survey, 65% of economists expected Fed to reduce...

USD/SGD continue climbing following the bounce of 1.262 yesterday. The rally was halted by the newly formed Channel Top, but instead of trading lower seeking Channel Bottom out, prices continued to...

Dollar Extends Rebound with USDJPY Rallying Through 97.50It seems that the greenback’s move Monday to end its longest slide in over two-and-a-half years was more than just a one-off tick higher...

GBPUSD August risks still higher (despite setback)As we have previously stated “a modest corrective erosion to start the week, but we would look for modest support at 1.5330/20 to hold on any...

We saw a good bounce yesterday in EUR/JPY. The strength has continued into the early part of this session and currently we are seeing a previous reaction high of 130.49.We need to see if we can hold...

The Canadian smart phone manufacturer BlackBerry, formerly known as RIM, has hired advisors to evaluate its strategic options. Several analysts are forecasting the sale of the company to a private...

Tuesday’s forecast headed in our direction for the most part, about three pairs managed to punch through our blue zone and come out on the other side. Overall Japanese Yen seems to have turned...

A mixed day overall. Good in the Europeans and not so good in the JPY pairs while the Aussie had a fine balance between a marginal new high and direct losses.To start with, the Europeans – these...

LOOKING FORWARD TO SEPTEMBERThe Federal Reserve has raised the expectations of the markets that are now looking at their meeting in September as the crossroads of the U.S. monetary policy. The...

THE FED AND THE TAPERINGAugust is seasonally one of the worst months in Wall Street and on the currency front, commodities and emerging currencies are suffering while JPY is strengthening. Therefore...

The GBP/USD has continued to reverse strongly in the last few days moving back towards 1.5450, after having spent the last week or so moving higher and breaking through the resistance level at 1.54...