Forex Opinion & Analysis

AUD/USD received a new lease on life last week. Despite the early week scare which pushed price way below the 0.938 final support (see weekly chart below), price managed to recover significantly,...

A good start to a week, we can expect to see some action on Japanese Yen and Australian Dollar. As suspected last week, we still seem to be at at cross roads with the US Dollar. Japanese Yen is...

USDJPY – Forms Back to Back Inside Bars After selling off over 1000 pips over the last 20 days, the pair has formed back to back inside bars or an ii pattern, which was formed within a large...

Friday began quite well, but then the outlook fizzled out with much deeper corrections than expected. Of all currency pairs, the USD/CHF performed extremely well, almost perfectly. While the EUR/USD...

The USD strengthened last Friday on the back of slightly weaker stocks. The S&P 500 dropped by 0.59% while the Dow 30 fell by 0.70%, keeping above the 15,000 psychological level by finding support...

Market CommentaryThe Dollar Index (DX) is trading near the critical support of 80.60 ranges after consistently falling from 84.50 ranges. Further USD weakness is expected only on the daily close below...

Market Review - 15/06/2013 01:30GMT Yen gains broadly on renewed weakness in the Nikkei futures after decline in U.S. stocks The Japanese yen strengthened again against other currencies on Friday as...

So close yet so far seems to be the recent theme for the potential turn in the markets and U.S. Dollar strength.Last week offered an initial potential turn in the USD/CHF. This week we will focus on...

EUR/USDAccording to the latest CFTC report, the net EUR short position decreases by 85% to USD 1.3bln, smallest since Feb 12th. Furthermore, the net USD long position decreases by 29% to USD 28.1bln....

The euro remained strong at $1.33 on Friday despite sinking government bonds which have been responding to concern that central banks around the world will pull back on their stimulus programs....

EUR/USD – Will the Uptrend Continue? For the last 17 days, the EU on the 4hr chart has held above the dynamic support and 20ema. We went 3-for-3 last week on our buy reco’s using this, so...

The US dollar lost ground against all the major currencies over the past week. The yen (3.5%) and New Zealand dollar (2.0%) led the pack against the greenback. Canada, Australia and Norway were the...

EUR/USDWhat Forex Target Traders See: We are currently sitting at 1.3347 in a wedge suggesting maybe one more move to the top. We are looking for that move to the R6 at 1.3406 and then a reversal back...