Forex Opinion & Analysis

A lighter than normal volume is expected in the U.K. session on account of the Bank Holiday.. Last week was dominated by some sideways and slightly choppy moves following large gains seen in the USD...

Canadian Retail Sales and Existing Home Sales south of the border will be of interest to investors. However, the release of the FOMC meeting minutes will have the most significant impact on markets....

This has been a tough week for anyone involved in two of the markets most crowded trades – long the Nikkei and short Yen. Dealers and investors like volatility, it provides opportunity. However,...

The main development in the foreign change market over the past week has been the short squeeze of the yen, and to a lesser extent, the Swiss franc. The move coincided with a backing up in JGB yields,...

EUR/USDWhat Forex Target Traders See: We are currently sitting at 1.2935 after a strong bounce off the day chart trend line. We are tentatively bullish but waiting. A couple of different scenarios. 1:...

Dollar Rally Stalls as Traders Await S&P 500’s Fate to CommitIt was a tense way to end the week. The S&P 500 – the benchmark for speculative appetites – tempered a third...

Breathing Life Into The EurDollar Likely To Be At The Whim Of Stocks Next WeekJPY: Victim Of Equity-Market VolatilityGBP: Reality Check For SterlingAUD: Deep Losses In Commodity CurrenciesNZD:...

Cable Near-Term OutlookVery bearish view unchanged as the market has continued sharply lower from the long discussed "ideal" area for an important top at 1.5600 (May 1st high, 50% from the Jan high at...

EUR/USDEven though the release of the most recent FOMC meeting minutes indicated that tapering of the QE may soon ensue, which when combined with a rather hawkish testimony by Bernanke resulted in...

Based on the price action of the currency and equity markets, risk aversion is driving investment flows. The U.S. dollar is trading higher against all of the major currencies with the exception of the...

Currently we are at 101.41 in a breakout of the rising wedge which is bearish.. We are looking for a move down to the 0.618 Fibo at 100.56 then a bounce. The current average daily trading range (ATR)...

EUR/USDCurrent level - 1.2927Current slide after 1.2955 peak is only an inner part of the consolidation pattern above 1.2798 and the intraday outlook is positive again, for 1.3020, with a key support...

IFO beats handily driving EUR/USD towards 1.3000Nikkei seesaw putting USD/JPY on roller-coasterNikkei 0.89% Europe 0.56%Oil $94/bblGold $1387/oz.Europe and Asia:NZD Balance 157M vs. 475MEUR German GDP...

Today promises to be difficult, with our screens already filled with red this morning: a correction due to recently released negative HSBC China Manufacturing PMI figures. The Nikkei is down 7.3%, the...