Forex Opinion & Analysis

EUR: Beware of the ECB USD: What to Expect for NFPs GBP: Carney to Leave Policy Steady at First BoE Meeting AUD: Hits New Lows, Eyeing 90 Cents USD/CAD: Retreats from 1 Year High NZD: Service Sector...

The USD/JPY remains in uptrend from 93.79 - the fall from 100.85 could be treated as consolidation of the uptrend. Support is now located at the lower line of the price channel on 4-hour chart. As...

ADP and Initial Jobless came in better than expected on Wednesday, but the markets really staged a push lower in the U.S. Dollar, much to the surprise of many participants.Despite political concerns...

Previously we had bought EUR/CHF at 1.2232. EUR/CHF has rallied up and we would like to take profit on this trade. Closed EUR/CHF at 1.2360, profit is 128 pips.

After a steep rally from 94 to 100.86, USDJPY has broken today the upward sloping trend channel. This signals the end of the upward move from 94 and the start of a downward correction. How much and...

Volatility in the FX market went through the roof overnight with USD/JPY erasing earlier gains and the AUD/USD falling to fresh lows. Today's U.S. economic reports were mostly better than expected...

The USD/JPY reached new lows a few hours back around 99.20, where we marked end of a five wave decline from 100.83. We know that five wave patterns show direction of a trend, so we think that the...

ASIA/EUROPE FOREX NEWS WRAPPolitical issues haven’t been a main driver of Euro weakness in the past several months, with the Greek elections and Spanish bank bailout last June being perhaps the...

EUR/USDPolitical turmoil in Portugal, where the foreign minister Portas, who is also head of the smaller CDS party in the coalition, submitted his resignation late yesterday, weighed on EUR throughout...

Currently we are at 1.4292 after breaking out of the wedge. We are looking for a continuation to the 1.4434 with the overall target around 1.4500. The average daily true range (ATR) for the pair...

The dollar pushed across the critical 100 line on Tuesday, for the first time since early June. However, the yen has fought back on Wednesday, as USD/JPY trades in the low-99 range in the European...

The euro started the new trading week with gains, but has reversed direction and has lost close to one cent against the US dollar since Tuesday. EUR/USD crashed below the 1.30 line on Tuesday as a...

This market has been looking for excuses in a week dominated by liquidity premium and a lack of economic fundamental depth to date. One does not need to look to far in this disjointed US trading week...