Forex Opinion & Analysis

Early Friday morning, we learned that eurozone unemployment had risen to 12.2% in April, a new high. There are now some 19.4 million job seekers on the Old Continent. Even more concerning, EU youth...

EUR/USD EUR/USD is on a downtrend on the daily but within a range but the upside may be limited to 13055-80/13140 levels and the price is trading near the target. The Hourly is in a Corrective up and...

The puzzle has been resolved, but a bigger one may have occured.I didn’t get yesterday's answer right, except in the EUR/USD and even that has moved to the higher end of my target range. During...

GBP/JPY has been moving in ascending channel, testing the lower trend line and Strong support. The price has been moving in tight range over Thursday and Friday. The Asian session indicated some...

EUR/USD Open 1.3043 High 1.3061 Low 1.2932 Close 1.3045On Thursday Euro/Dollar continued increasing with 130 pips. The European currency appreciated from 1.2932 to 1.3061 yesterday, matching the...

The USD/CAD is facing 1.0286 key support. A breakdown below this level will indicate that the uptrend from 1.0013 had alreadycompleted at 1.0420, then the following downward movement could bringthe ...

Will The Dollar Recover Too?EUR: Potential Upside Surprise In RetailJPY: Why Are The Japanese Selling Foreign Bonds?NZD: RBNZ Comments Leave Lasting Impression on CurrencyNZD: RBNZ Threatens...

The British pound continues to push hard against the US dollar. GBP/USD has crossed above the 1.52 line in Thursday’s North American session. The pound has taken advantage of disappointing US...

Let’s look at the U.S. Dollar over the last 3.5 years.Stiff ResistanceWith the exception of June 2010 -- when the dollar traded as high as 88.80 -- the 84/84.50 level has served as stiff...

Another very volatile night in Asian equity markets drove the USD/JPY to fresh session lows of 100.47 after the Nikkei dropped by more than 5%. The topsy-turvy price action in Japanese equities and...

We continue to see movement from USD/JPY, as the pair trades in the mid-101 level in Thursday’s European session. The pair continues to show volatility, as the currency reacts to turbulence in...

USDJPY broke higher in the last few weeks and hit 102-103 area as highlighted few weeks back. This break occurred after a triangle in wave 4, and interesting thing is that move after that pattern is...

After a quiet start to the trading week, we’re seeing plenty of activity from EUR/USD. The euro continues to move up, and is testing the important 1.30 level in Thursday’s European...

Beware Of Nikkei Impact On SPXThe mighty dollar is losing its luster as it declines for the second day in a row. This time the weakness is not caused by only profit taking although it contributed to...