Forex Opinion & Analysis

It’s been a busy week for USD/JPY, as the pair continues to display strong movement this week. The yen took a tumble on Tuesday, but has since recovered, as the Nikkei is again showing...

European SessionThe pair dropped sharply yesterday and failed to stabilize above 1.2870 forcing it to settle below 23.6% Fibonacci of CD Leg of the bullish harmonic Butterfly Pattern, settling at the...

The GBP/USD is trading within the downward channel on a 30 minute time frame. The price has just broken its 50 day moving average (shown in green) to the upside, but is still trading below the 200 day...

The USD/JPY pair fell from its resistance level on a 30 minute time frame. The USD/JPY pair tried to find its support near the 100 day (shown in yellow) moving average but failed to do so. The pair is...

The forex market has returned to rate watching as a primary source for currency direction. It’s either a central bank rate announcement (Canada, Brazil and Thailand) or the shape of a particular...

After an uneventful start to the trading week, EUR/USD swung into action on Tuesday, as EUR/USD posted sharp losses. The pair dropped close to one cent after a superb consumer confidence release out...

After tagging 0.812 during early European trading hours yesterday, NZD/USD pushed lower during early US session. Part of the sell-off is an affirmation of the consolidation ceiling, but a large part...

Impressive US economic data (higher home prices and a cyclical high in consumer confidence) sent US interest rates soaring, which pushed the dollar higher against almost all currencies overnight. 10yr...

The AUD/JPY hasn't risen significantly over the past few weeks, mainly as the Australian dollar is very weak. Since the middle of April, the price has been forming a triangle that resulted in a...

Market CommentaryThe Dollar Index (DX) appreciates to trade near the short-term resistance of 84.50; daily close above 84.50 ranges would result in DX appreciating further to 88.40 ranges. The...

The pound has been battered around somewhat over the last few weeks.I feel that a temporary low is in place toward 1.4970/90.We saw the fresh outburst through this level back in mid-March (brown...

Market Drivers for May 29, 2013Dollar extends rally in Asia - Aussie hits fresh lowsGerman unemployment worse but euro shrugs off dataNikkei 0.10 % Europe -0.89%Oil $94.37Gold $1385/oz.Europe and...

Everything seems to be turning up roses for the US economy at the moment, as another session was dominated by better than expected US data and a stronger US dollar. Home prices and consumer...