Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.88; (P) 150.66; (R1) 151.67;Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 151.92 will target 154.22 resistance first. Break...

EUR/USD - European SessionThe pair dropped and failed to consolidate above 1.3115, as Linear Regression Indicators turned negative. Stability below the mentioned level represented in 38.2% correction...

USD/JPY Open 98.16 High 98.24 Low 96.93 Close 97.73On Tuesday Dollar/Yen traded within 125 pip range. The currency couple appreciated from 96.93 to 98.18 yesterday, matching the positive money flow...

SGD received a slight boost today – Industrial Production for May grew 2.1% Y/Y and 1.2% M/M, vs a poll conducted by Reuters in which analysts shared a consensus 0.3% and -0.5% growth estimate...

GBP/USD is reversing from 1.5340 which appears to be start of a larger recovery, but only temporary. Notice that first leg down from 1.5750 has unfolded in five waves which means that move is...

Since the June 17 and 18 FOMC meeting, the American dollar is up 2.93%, 2.66% and 1.75% against the yen, loonie and euro respectively. The Canadian dollar is now at its lowest level against the...

The AUD has powered higher overnight and this morning despite a further meltdown in metals and political turmoil as PM Gillard battles with rival Rudd over leadership of the governing Labor party. ...

Tuesday’s forecast was in the right direction for the most part. We may see some ranging today and market could pick a diretion in time to come. US Dollar could loose some steam together with...

Dollar Steadies Even as S&P 500 Rebounds, Data Leading to Taper?Both the Dow Jones FXCM Dollar Index (USDollar) and S&P 500 closed the day higher Tuesday. This counter-fundamental, positive...

Despite the PBOC announcement which drove up risk appetite during late Asian afternoon/Early European trade, sending risk correlated assets higher, EUR/USD still found it hard to break the 1.315/38.2%...

EUR/USD Open 1.3078 High 1.3151 Low 1.3055 Close 1.3071On Tuesday Euro/Dollar traded within 85 pip range. The European currency depreciated from 1.3151 to 1.3064 yesterday, matching the negative money...