Forex Opinion & Analysis

Currently we are at 0.9417 in an ascending wedge, which is bullish for the pair. We are looking for a break and then a continuation to the R5 at 0.9508 with a stall at the 0.9485 resistance. The...

The US dollar failed to take advantage of excellent US releases on Tuesday, as USD/JPY has posted modest losses. In Wednesday’s European session, USD/JPY is trading in the high-97 range....

EUR/USDCurrent level - 1.3070Although the downtrend has been renewed after yesterday's rebound to 1.3150, my outlook here is counter-trend, for a reversal and a rise towards 1.3170 and 1.3255. Trigger...

Last week’s FOMC meeting raised a ruckus in the markets. Its Chairman, Ben Bernanke, tried to explain as clearly as possible that any change in current monetary policy would depend on future...

EUR/USD continues to drop in the Wednesday session. In the European session, the pair is trading in the low-1.30 range, the lowest levels we’ve seen in about three weeks. In the Eurozone, the...

The GBP/USD pair has failed to break its downward line on a 30 minute time frame. The price is trading below the 50 day (shown in green) and 100day (shown in yellow) moving averages which means that...

EUR/USDEurope’s top contributor of passengers to the cruise industry as record employment levels and generous vacation rules give consumers the cash and leisure time for sightseeing by sea....

Asian indices rose while gold futures extend losses hit a near-three year low today, currently trading at 1248 down 2.5 percent. ECOFIN Meetings and final gross domestic product in the U.S are the...

Yesterday’s EUR/USD Signal Result: Our short was triggered yesterday on the break of our rising support. We rode that short down for a few hours before we ultimately closed it a few minutes ago...

Market Movers for June 26, 2013Aussie tests 9300 but remains cappedEuro bit heavy after dovish Draghi speech, GE Confidence risesNikkei -1.04 Europe -1.60%Oil $95/bblGold $1232/oz.Europe and Asia CHF:...

While many investors thought the U.S. Dollar would trade low on Tuesday, better than anticipated economic data changed their minds. Reports indicating that Consumer Confidence and Factory Orders went...