Forex Opinion & Analysis

Nikkei plunges by 7% taking USD/JPY to 101.00EZ PMi data stabilizesNikkei -7.26% Europe -2.56%Oil $92.80/bblGold $1377/oz.Europe and Asia: AUD Consumer Inflation Expectations 2.3% vs. 2.2%JPY Japan...

A quiet day in Europe but a lot of volatility once Fed Chairman Bernanke started to speak. His formal speech was dovish, as one would expect from him, and the dollar began to weaken, but there was...

USD/JPY Open 103.14 High 103.74 Low 100.81 Close 103.11On Wednesday, the USD/JPY traded within the 140 pip range. The currency couple appreciated from 102.34 to 103.74 yesterday, matching the positive...

The yen climbed against all of its major peers as Asian stocks dropped amid concerns that a reduction in monetary stimulus will weigh on the U.S. recovery as China’s economy slows.The Dollar...

Canada’s dollar dropped to an almost one-year low versus its U.S. peer after Federal Reserve Chairman Ben S. Bernanke said monthly bond purchases may be reduced if the economy shows sustained...

Nikkei 225 – 1500 point drop followed by small recovery On Wednesday, the Nikkei 225 suffered one of its biggest % drops in a year, shedding over 1500 points via a 1-2 punch from the weak China...

GBP/USD Open 1.5041 High 1.5175 Low 1.5012 Close 1.5043On Wednesday, the GBP/USD continued decreasing significantly by 150 pips. The Cable depreciated from 1.5175 to 1.5026 yesterday, in line with the...

Yesterday we had results as expected and most of the pairs behaved as predicted. Today I am expecting US Dollar to gain some steam together with Japanese Yen. I will be adding a hedged pair to offset...

The Aussie is looking to reach its medium term target of 9580/70. Given the market is screaming for correction we feel this level will hold. Now this is the weekly 50% level going back from 2010 ad...