Forex Opinion & Analysis

Here are a few more observations from yesterday's developments. The charts display the day's support and resistance from the daily report issued around 2am-3am GMT, and last for the rest of the day....

Australia’s employment number came in much stronger than expected, with headline change in employment numbers coming in at 1.1K versus an expected decline of -10.0k. The increase in number of...

EUR/USD: Buying on Support Mantra Repeats On Wednesday, I recommended buying on a dip into the 20ema off the 4hr chart, where I suggested taking a bid on any dip just sub 1.33 and off the 20ema. Savvy...

Market CommentaryThe Dollar Index (DX) continued to depreciate despite weaker asset classes, especially equities across the globe. A direct correlation was observed against historic inverse...

EUR/USD Open 1.3337 High 1.3370 Low 1.3264 Close 1.3333On Wednesday, the EUR/USD continued increasing by 95 pips. The European currency appreciated from 1.3264 to 1.3360 yesterday, matching the...

Yesterday went mostly well with a few minor detours. The Dollar grinds lower still and cautiously this trend should extend further. On Sunday I thought this move would have been done and dusted by now...

The AUD/USD remains in downtrend from 1.0582 (Apr 11 high). The bounce from 0.9326 is likely consolidation of the downtrend. Key resistance is located at the upper line of the price channel on 4-hour...

Market Review - 12/06/2013 22:15GMT Dollar weakens broadly on Fed tapering worries The greenback fell broadly against its peers on Wednesday ahead of Thursday's U.S retail sales and jobless claims...

Derivative of our GDX:GLD comparative with the BKX:SPX ratio circa 2009, the yen has taken to the streets with considerable reversionary vengeance. In the beginning of 2013 and very much along the...

EUR/USDThe single currency rose against most others, as the USD Index broke a firm level of support at 81.03 -- marking the 200-DMA. After printing a high in the European morning at 1.3335, the JPY...

Since its high made on 4/11, the Australian dollar has been the currency down under getting clipped by 11%, dragging prices yesterday to their lowest trade since October 2011. Looking at the highs...

With no major U.S. economic data on the calendar today, currency traders are licking their wounds. All of the major currencies that have fallen steeply in recent days are trading higher, led by the...

The EUR/USD reached new highs and is now trading higher within wave (v), that is part of a black wave 3 of one larger degree. We see room for 1.3350, but traders should be aware of a possible deep...

MARKET CHARTIST VIEW, 12-June-13•A still more resilient consolidation, up just through the top of last Thursday's strong rally range, which took us above the notable 1.3245 peak, established a...