Forex Opinion & Analysis

Market CommentaryA steep fall was witnessed in the Dollar Index (DX) after testing 83.50 to trade at 82.80, with 82.45 acting as interim support; the index may fall to 82.25 before showing some...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.84; (P) 152.53; (R1) 153.15;Intraday bias in GBP/JPY remains neutral at this point. The consolidation from 156.77 could continue. Below 151.77 will bring...

The Bank of Australia announced its key interest rate decision and, as expected, was maintained at 2.75%. However, the statement that accompanied this decision revealed that Australia’s...

The U.S. dollar has been on a tear in recent months, reaching a two-year high in May. Helping the dollar out is the fact that other major world central banks are also in easing mode. We expect the...

We can see some mixed picture on the markets today. The USD is up against the AUD, JPY and GBP. It is, however, sideways against the EUR, while GOLD is down and S&P Futures unchanged. The main...

GBP/USD Open 1.5318 High 1.5377 Low 1.5187 Close 1.5312On Monday, the GBP/USD increased tremendously by 190 pips. The Cable appreciated from 1.5187 to 1.5377 yesterday, in line with the positive money...

The Kiwi traded higher above the short-term descending trendline during the European Morning session, pushing up towards the 0.800 level. However the level proved to be a tough nut to crack, with...

The curious case of USD continued yesterday. US stocks rallied strongly against the flow of global equities where losses were seen from both Asian and European major indexes, but that did not invoke a...

The Canadian dollar gained the most in almost a year against its U.S. peer as a weaker-than-forecast reading on American manufacturing damped speculation the Federal Reserve will reduce...

The GBP/USD has experienced its strongest 24 hour period in a while as it surged up through 1.53 to within reach of 1.54 and a new three week high. At the end of last week the pound did well to surge...