Forex Opinion & Analysis

On Monday, my colleague Kristian Siggaard-Jensen published a FX Update, where he drew attention to the somewhat subdued ranges in EURUSD in the month of September from a recent historical perspective....

EUR/USDThe pair finished the London session in minor positive territory. This follows earlier EUR strength after the pair topped the 1.3500 level as EUR/GBP purchasing and lessening talk of a new ECB...

GBP/USD has rebounded from Tuesday’s losses and has crossed back above the significant 1.60 level. In Wednesday’s European session, the pair is trading in the mid-1.60 range. The pound...

The euro slumped against the dollar on Wednesday after German data on Tuesday came in weaker than expected. The common currency slipped below $1.35 and traded at $1.3473 at 6:30 GMT on Wednesday...

So far it has been a quiet week for the foreign exchange market with only secondary economic data released from the U.S. Today we have durable goods orders and new home sales, which can be important...

Currently we are at 0.9358 and sitting on the 618 Fibo. WE anticipate continued downside first to the .786 Fibo at 0.9288 and then the double bottom. The big target is the S5 at the 0.9154. The ATR...

The cross remains supported and extends near-term corrective phase off 1.1203 low, with over 38.2% of 1.1655/1.1203 fall being retraced on a rally to 1.1393 so far. Approaching initial 1.1400 barrier,...

The Aussie came under pressure again, following recovery attempt failure at 0.9455 and subsequent weakness that violated initial 0.9365 support. Near-term studies in negative territory, see risk of...

Cable continues to trend lower and retraced 76.4% of post Fed 1.5883/1.6161 rally, on extension to 1.5950, so far, where 55-DMA contained dips . Negatively aligned near-term studies favor further...

The cross remains under pressure and falls below 133 handle, following unsuccessful recovery attempt that failed at 133.54. Retracement of nearly 76.4% of initial 131.85/134.93 rally, keeps the...

The Euro continues to descend gradually, after losing 1.35 handle, with fresh weakness approaching strong 1.3450 support, 50% retracement of 1.3337/1.3567 upleg / previous top of 20/08. Negative...

The USD/JPY pair has continued drifting lower, pushing down below the 50-day MA and the 50% fibonacci level of the previous rally. The short-term trend is in doubt after the strong rally recently,...

Capital markets should be about to change gears. Last weeks disappointing ‘no’ taper certainly has the Fed losing some of its street ‘cred.’ This week, the markets are mostly...

USD/CAD continues to trade close to the 1.03 level in Wednesday trading. On Tuesday, Canada posted strong retail sales data, while US consumer confidence numbers were sluggish. Later today, the US...