Forex Opinion & Analysis

In what, for the moment, must be a terribly-embarrassing example of bad timing, John Mauldin, yesterday, made a huge hoo-ha about being so bearish on the yen that he converted his mortgage into it. In...

EUR/USDThe EUR rose against most other currencies today, with the major pair briefly rising above 1.33 to print a session high at 1.3316 at the peak of the USD’s weakness and as ECB’s...

AUD/USD took a break for the Queen’s Birthday on Monday, but the time off did little to change the downward direction of the pair. AUD/USD continues to slump, and is trading in the mid-93 level...

The Bank of Japan undoubtedly caused many investors to have a sleepless night as most were anticipating an increase in the BoJ’s level of intervention, which had until now been effective in...

The Bank of Japan's decision last night to deny Japan of additional stimulus triggered a wave of deleveraging that has driven currency and equities sharply lower. Today is perfect example of how the...

We have some confluence there -- see the chart below. I'm interested to see how price action shapes up at that level; I may be interested in putting on some short trades if there are some strong signs...

Traders holding long positions on EUR/USD can be very happy with their recent decisions. Bears cannot pick themselves up and are unable to start any counter attack on the recent upswing. Yesterday,...

The Aussie still looks weak, and still the stochastics point lower on the daily, 240 and 60 min charts. We have to take a bit of a longer term look at the Aussie, and the break of 9388 has made us now...

Yesterday saw the price action fail at 1.5603. This was good as it meant it kept you in a short position and the algo systems failed to take out this resistance. We used this resistance once more...

EUR/USDCurrent level - 1.3281Trading continues to be in a consolidation mode, with an initial resistance around 1.3310-20, currently supported at 1.3240. Major support on the downside is projected at...

On Friday we learned that the Canadian economy created 95,000 new jobs last month, the best performance since August 2002. In the process, Canada’s unemployment rate fell slightly from 7.2% to...

BoJ upgrades Japan’s economic outlook, but announces nothing new on the asset purchase front - and the JPY kneejerks back higher. The sterling is back on focus today as the GBP/USD is looking...