Forex Opinion & Analysis

It is time to add long term optionality in USD hedges in order to preserve profit potential in the event of a lower EUR/USD. We have highlighted that while the EUR/USD is expected to remain trendless...

GBP/AUD has been rising steadily in line with the decline in AUD/USD since Mid April. That has been the main driving force for most part of May, but GBP has been undeniably getting stronger since the...

EUR/USD - U.S. SessionThe pair managed to stabilize above 1.3110 represented in 78.6% correction of CD Leg of the bullish harmonic Butterfly Pattern, which is considered positive and might extend...

So we have basically hit target at 1.5420, we have reached 1.5418. The market is entering overbought territory and because we have hit our target and longs have been covered we would be looking at...

Euros broke the Double Top, slightly, coming to 1.3116. We are seeing divergence on the 4hr charts which makes a little sense as we have hit the medium term 38.2 Fib level at 1.3117. Now today we may...

When we look at the daily EUR/USD chart, we can see that recent movements are very low, and that volatility is significantly lower than previous weeks. Traders are anticipating two important events:...

BackgroundAs the European Union struggles with rising unemployment they now have to face a future of increased competition from the Japanese as they actively devalue the Yen. The new government in...

The USD/JPY pair has formed a double bottom - a bullish pattern on a 30 minute time frame. However, the descending triangle – a bearish pattern - is also in play, and this will not be completed...

Bear ScenarioThe GBP/USD pair is trading in a resistance zone on 30 minute time frame. The price has pierced the Bollinger band® at this level, and is trading above its 20-day moving average. The...

The gyrations around the disappointing ADP report suggest that the market may be in a “bad news is good news” regime. A lower-than-expected ADP report gave rise to thoughts that the Fed...

If tomorrow is ‘Payrolls Friday’ then today is surely ‘Central Bank Thursday’; both the ECB and the Bank of England finish their latest meetings today although both are...

EUR/USDThe euro rose against the dollar in choppy trading on Wednesday after a private-sector U.S. jobs report missed expectations. The weaker-than-expected data rekindled expectations for the Federal...

Australia’s trade balance has recorded its third consecutive monthly surplus of $28 million, despite a fall in exports during April. The AUD/USD is hovering near 20 month lows. The European...

GBP/JPY continues to fall in accordance with the following trade opportunity alert that I received today for this currency pair. GBP/JPY is expected to fall toward the Key Support level 151.388 (of...