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GBP/JPY Drops Below 158.50, Eyeing 50-DMA for Immediate Support Bears strengthened their grip and extended the GBP/JPY pair's downfall from day's peak of 159.84 to a fresh session low of 158.26 amid global risk-off trade and ongoing concerns over the 'Brexit'...

Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD Analysis for May 23rd, 2016 EUR USD, “Euro vs US Dollar” Eurodollar has completed the descending wave and right now is forming a new ascending impulse...

AUD/USD Finds Respite Around 0.7210 The Aussie dollar remains under pressure on Monday, with AUD/USD tumbling to the lower bound of the range near the 0.7200 handle. AUD/USD upside capped near 0.7260 The pair has quickly eroded the overnight peaks to the 0...

GBP/USD Slides Further Below 1.4500 Handle The GBP/USD pair faded a bullish spike to 1.4549 and extended its slide below 1.4500 handle to currently trade near 1.4475, off day's through level. 'Brexit' continue to dominate the headline surrounding the British Pound...

USD/TRY Eyes 3.05 in 3-Month – Danske Bank Senior Economist at Danske Bank Vladimir Miklashevsky believes the Turkish Lira could depreciate further in the next 3 months...

Gold Turns Lower to Test 50-DMA Gold erased Asian session-gains and fell back in the red zone as the US dollar picked-up strength amid broad based sell-off seen across the financial markets. Gold hovers around $ 1250 mark Currently, gold trades -0.15% lower at 1249...

USD/JPY Still Favouring a Test of 111.90 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, favours a test of the 111.90 area. Key Quotes “USD/JPY is probing the 55 day ma at 110.31 but will need a close above the 111...

USD/CAD Forecast May 23-27 USD/CAD was up sharply last week, gaining 160 points. The pair closed the week at 1.3115. There are only two events on this week’s schedule. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD...

Oil Rally Exceeds Expectations A few months ago, in late March, our crude oil analysis had called for a bottom in WTI oil prices. Back then Crude oil was trading at $32.26 a barrel...

GOLD, Weekly Forecast, May 23 - 27: Break Up of 1260 will Open Uptrend Target on 1294 Main scenario: The pair is trading along an sideways trend between support 1246 and resistance 1260, where break up of 1260 will open target for uptrend on resistance level 1277 and 1294...

GBP/USD, Weekly Forecast, May 23 - 27: Break Up of 1.4530 Open Uptrend Target on 1.4670 and 1.4815 Main scenario: The pair is trading along an sideways trend between support 1.4480 and resistance 1.4530, where break up of 1.4530 will open uptrend target on resistance 1.4670 and then on 1.4815...

GBP/USD Capped at 1.4663? – UOB The research team at UOB Group believes GBP/USD has carved an interim top at 1.4663 in the next weeks. Key Quotes “The sharp drop last Friday was unexpected and the 1.4488 low was just a few pips above our 1.4485 stop-loss”. “Unless GBP can move and stay above 1...

EUR/USD, Weekly Forecast, May 23 - 27: Break Up of 1.1260 Open Uptrend Target on 1.1460 Main scenario: The pair is trading along an sideways trend between support 1.1215 and resistance 1.1260, where break down of 1.1215 will open downtrend target on 1.1150 and then to 1.1050...

Daily Recommendations on Major - USD/JPY DAILY MARKET OUTLOOK Update Time: 23 May 2016 09:38 GMT USD/JPY - 109.50 Dollar's intra-day decline in Asian and European morning due to broad-based buying of yen following warnings by U.S...

Forex News Trading Strategy For The Week 23rd - 27th May The week begins quietly with important releases starting on Wednesday...

EU Referendum, One Month to Go - Investec Research Team at Investec, suggests that with only one month to go from today until the EU referendum, the UK press is dominated by the topic...

USD/CAD Testing 6-Week Highs Near 1.3160 The US dollar extends its upward trajectory against its Canadian counterpart for the fifth straight session this Monday, with USD/CAD now targeting 1.32 handle amid persistent weakness in oil prices. USD/CAD supported at 1...

EUR/JPY Drops Below 123.00 to Lower End of Trading Range The EUR/JPY pair's downfall continues to gain momentum and has now dragged the pair back below 124.00 handle towards the lower end of its recent trading range...

GBP/USD Turns Negative Near 1.4500, Brexit Concerns Weigh The GBP/USD pair is seen reversing gains and reverts towards 1.45 handle as concerns over Brexit returned to markets and weighed down on the British pound. GBP/USD inches back towards 20-DMA at 1...

EUR/USD Forecast: Ready to Break Lower The market started in slow motion this week, with a quiet Asian session keeping majors within familiar ranges, although the greenback edged modestly lower against most of its rivals...