Forex Opinion & Analysis

The picture in recent months has been one of European weakness and US strength, but that divergence was reversed yesterday when the final purchasing managers indices (PMIs) for Europe were revised...

The greenback is attempting a comeback as yesterday’s USD/JPY melt-down looks like it was a run on stops so far. Still, we’ve got a lot of event risks to entertain us through to the end of...

INTRADAY CHARTJune 4I have to say this is mighty complicated but attempting to judge the final stalling point above the Wave (B) of (V) we should see Wave -iii- stall in the 198.4%-238.2% % projection...

Market Movers for June 4, 2013RBA keeps rates unchanged but bias remains accommodativeUSD/JPY above 100.00 as Nikkei ralliesNikkei 2.05% Europe 0.63%Oil $92.88/bblGold $1405/ozEurope and AsiaAUD: RBA...

EUR/USD - European SessionThe pair moved to the upside, touching the first extended target of the bullish harmonic Butterfly Pattern represented in 78.6% correction around 1.3110, and then...

The mania of the markets that sees bad news celebrated and stocks rally as a result was in full effect yesterday following the US manufacturing ISM number disappointing the market massively. The...

Australia’s current account balance fell less than expected in the last quarter - 8.5 billion against expectations of 9 billion. The Reserve bank of Australia’s interest rate announcement,...

USD/CHF continues to fall inside the daily Up Channel chart pattern identified by Autochartist – in accordance with the following trade opportunity alert that I received today for this currency...

The U.S. Dollar weakened across the board early in the day after the U.S. Institute for Supply Management Factory Index showed the quickest contraction in four years. And while this factor usually...