Forex Opinion & Analysis

The Japanese yen has posted strong gains against the US dollar in Tuesday trading. USD/JPY has dropped around 200 points, and is trading in the high-96 range in the European session. The yen was the...

Following a prolonged downward trend, the EUR/USD has established a strong support at 1.28, even completing a double bottom pattern on the daily chart. Looking at the long-term, the ongoing weak...

EUR/USD (daily chart) has struggled to continue its advance just under the key 1.3300 resistance, a level that has served as major support and resistance in the past, most recently just late last...

Tuesday’s forecasts went in our direction for the most part, except for two pairs that struggled but all others performed close to what was thought possible. As suspected yesterday we still seem...

Dollar at Risk of Lasting Bear Trend if S&P 500 Doesn’t CapitulateAn effort by the US dollar to recover its footing ended miserably this past session – but the bears haven’t been...

Market CommentaryDirect correlation was observed between most of the asset classes, especially equities worldwide and the Dollar Index (DX) as against historic inverse correlation between the Dollar...

EURUSD – Buy on Dips Continues to Profit In my market commentary for Tuesday, I suggested looking for pullbacks towards the dynamic support (20ema) on the 4hr chart. That is exactly what the...

EURUSD – Intraday Rejection off Dynamic Support Holds After ending last week with a nice price action squeeze, the pair has held up nicely from the daily inside bar as I discussed in my market...

EUR/USDCurrent level - 1.3291The pair managed to reach a new peak beyond the consolidation zone, established during the previous days. The current intraday support is projected at 1.3230, followed by...

Currency pairs have been on the move over the past few weeks, most notably with the yen regaining some ground and the dollar's gains stalling. However, the moves in currencies have actually led those...

Market Review - 11/06/2013 21:58GMT Yen rallies after BoJ disappoints with no new stimulus measures The Japanese yen rose strongly against other currencies on Tuesday as the Bank of Japan refrained...

The GBP/USD is facing 1.5683 resistance A break above this level will signal resumption of the uptrend from 1.5008. The next target will be at the 1.5700 area. Initial support is at the upward trend...

How Much Further Can USD/JPY Fall?USD: BoJ Action Heightens Volatility In US MarketsEUR Hits Fresh 3-Month HighsNZD: What Will RBNZ Say About The Currency?AUD: Strong Intraday ReversalCAD: Holds...

USD The dollar fell on Tuesday as a result of various factors, including fading hopes the Fed might taper stimulus fading after recent commentary from St Louis's Bullard argued for continued QE...