Forex Opinion & Analysis

EUR/USDThe pair settled the session sharply higher, after the release of weaker than expected US macro-data, as well as somewhat mixed data from China, spurred on broad based USD weakness as market...

The U.S. dollar is trading lower against all of the major currencies this morning after the ISM report showed manufacturing activity dipping into contractionary territory in the month of May. The...

This morning, the S&P 500 Index e-mini futures (ES-M3) are trading higher by 4.50 points to 1633.50 per contract. While there is a lot happening today it seems that the major stock index futures...

Currently we are at 1.3459 after breaking down from the rising wedge. We are looking for a possible bounce at 1.3429 (the 0.618 Fibo) back to the 0.214 Fibo @ 1.3536. The Break down would target the...

May was not a good month for me, unfortunately. I ended it down 2.58%, bringing my year to date performance to +3.59%.I placed 27 trades in the month. 19 were losers, 5 breakevens, and 3 wins. In...

The GBP/USD pair has formed a reverse Head and Shoulder pattern (a bullish pattern) on a 30 minute time frame. If this pattern does play out completely, it could easily push the price to the 1.5365...

The Japanese yen continues to improve, as USD/JPY has dropped close to the 100 level in Monday trading. The pair, which hit a high of 102.50 early last week, has dropped to the low-100 range. On...

Over the past few days, traders have been constantly talking about the Head and Shoulders formation that was visible on a daily chart. Only a few days ago, bears had a chance for a breakout because...

The EUR/USD and its big Head and Shoulders formation is not the only pattern that gave signs that the American dollar will gain in value. We can see an Inverted H&S formation n the USDCHF pair,...

The EUR/USD is backing up on the strength of the USD/JPY sell-off, and after a round of better than expected European PMI’s. This week’s U.S. data and ECB meeting could be decisive for the...

Now that the May month-end pricing and rebalancing shenanigans are finished, this market can get back to watching the Nikkei continue to paint the town ‘red,’ along with a stronger yen...

EUR/USD has edged higher on Monday, as the pair pushed above the 1.30 level in the Asian session. The new trading week started on a positive note, as Eurozone Manufacturing PMIs beat their estimates....

May was a bad month for the Kiwi dollar, with price accelerating lower after RBNZ Governor Wheeler revealed that the RBNZ has been actively selling NZD in order to weaken the currency which is deemed...