Forex Opinion & Analysis

The EUR/USD pair has formed a reverse complex Head & Shoulder pattern on a 30 minute time frame. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving...

JPY crosses were all over the place overnight before and after Kuroda was out discussing the BoJ’s view of bond market volatility. EURUSD needs to fall today or we risk the old 1.3000 magnet...

Despite a bumpy start to the day on Thursday, stocks rallied to regain some of their lost ground thanks to encouraging economic data from the United States. Initial Jobless Claims were in line with...

USD/JPY Open 101.99 High 103.58 Low 100.81 Close 101.98On Thursday Dollar/Yen decreased significantly with 175 pips. The currency couple depreciated from 103.58 to 100.81 yesterday, matching the...

USD/JPY reversed sharply lower in this week from the 103.70 area, where we can see signs of a temporary top. Note that the recent decline has extended through 102.00 wave (b) support which is a very...

Asian currencies headed for a third weekly loss on concern the Federal Reserve will scale back stimulus that has spurred fund flows to emerging markets.The Bloomberg-JPMorgan Asia Dollar Index touched...

The last 48 hours now has seen the Euro experience a wild ride surging higher to the resistance level at 1.30 before falling sharply back down towards the long term support level at 1.28, only to be...

GBP/USD has edged higher in Thursday trading. The pair was trading in the high-1.51 range early in the North American session. The pound got some good news as British Secondary GDP posted a gain of...

AUD/USD continues to struggle, as the pair flirted with the 0.96 line earlier on Thursday. This time the bad news for the Aussie was not due to a weak Australian release, but from Federal Reserve...

Market CommentarySpeculation that the Fed may reduce bond purchases led to the U.S. Dollar gaining across the board. This resulted in most of the asset classes succumbing to selling pressure....

GBP/USD Open 1.5109 High 1.5129 Low 1.5012 Close 1.5105On Thursday Pound/Dollar increased with 115 pips. The Cable appreciated from 1.5012 to 1.5129 yesterday, in converse with the negative money flow...

The JPY crosses are nervous – will the NZD/JPY follow the AUD/JPY tripping through the next layers of support? The near term momentum suggests risks of further downside momentum.The NZD/JPY is...

Thursday's forecast was in the right direction for the most part. Friday I’m expecting the US Dollar to overall weaken and Japanese Yen seems to be out of sync. I’m not adding any pairs to...

Bullish ScenarioThe AUD/USD pair has bounced back up from its support zone on a daily time frame. This support zone was given in our analysis on the 15th of May. The volatility for the pair was peaked...