Forex Opinion & Analysis

Cable near term outlook:The market remains choppy/firm near the June 17th high at 1.5750 and as with the US$ versus most other currencies, is seen in process of a bottoming (cable topping) for at...

Mike Zullo is an impressive man. When he strides into my office I can immediately see him carefully observe and analyze his surroundings. This is a result of his years of law enforcement training....

EUR/USD - European SessionThe pair dropped sharply yesterday and stabilized below 1.3270 which is negative and might extend bearishness today as momentum indicators reflect negativity. The pair...

Optimism is now a dirty word in the world of finance it seems, as increased bullishness at the prospects for the U.S. economy led to a huge sell-off across markets overnight. The dollar pulled higher,...

EUR/USDEuro-area finance ministers probably will agree tomorrow on the terms for allowing the European Stability Mechanism to recapitalize banks directly, Europe’s economy chief said. European...

The FOMC signaled that the Fed will begin tapering this year if the U.S. economy matches forecasts, which helped the dollar to soar and stocks to slip.Bernanke’s hawkish tone was more than the...

CAD/CHF continues to rise inside the hourly Triangle chart pattern identified by Autochartist. The pair is expected to rise toward the target level 0.9115 in the next 2 trading days. The stop-level...

The U.S. Dollar rallied against the majority of its peers and advanced versus the Euro after Federal Reserve Chairman Ben Bernanke stated that the central bank may begin scaling back on bond purchases...

USD/JPY Open 96.57 High 98.29 Low 94.81 Close 96.39On Wednesday, the USD/JPY continued increasing significantly within the 220 pip range. The currency couple appreciated from 94.81 to 97.03 yesterday,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.30; (P) 149.30; (R1) 150.33;The strong rebound and break of 150.56 argues that correction from 156.77 might be finished at 147.10. Intraday bias is back on...

If there’s someone that Reserve Bank of India Governor Subbarao want to murder right now, it must be Fed’s Chariman Ben Bernanke. Thanks to Bernanke’s surprise revelation on QE3...

Special Update:The FOMC and the US DollarOur predictions for the FOMC in our weekly recommendation newsletter and daily blog updates were highly accurate, with Ben Bernanke giving a clearer indication...