Forex Opinion & Analysis

We’ve seen the recent trend in USD strength backing off over the past couple of days ahead of Bernanke’s testimony before Congress tomorrow, although the JPY is on the defensive again...

The EUR/USD pair has broken its symmetrical triangle pattern on a 30 minute time frame. If this pattern does play out completely, then we could see the price near the major support zone (1.268-1.265)....

Bull ScenarioThe GBP/USD pair is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages. This suggests that the bulls could have the advantage, and bias could be...

The market yesterday was a write-off in terms of price action, as a few sovereign nations managed to squeeze in a national holiday in parts of Europe and in Canada. This week’s US fundamental...

USD/JPY remains under pressure in Tuesday trading, as it trades at high levels. The dollar has posted some gains, as the pair trades in the high-102 range in the European session. In economic news,...

EUR/USD has posted some gains on Monday, and the euro is holding its own, as the pair trades in the high-1.28 range. Today’s only Eurozone release is German PPI, which fell below expectations,...

The Reserve Bank of New Zealand released its Q2 inflation forecast earlier today, surprising traders with the lowest forecast since Q4 1999. Inflation for next Quarter is expected to be 2.06%, vs the...

EUR/USD (daily chart) has continued to lean towards a resumption of the entrenched bearish trend, even after having hit and respected major support around 1.2800 late last week. The breakdown below...

The US dollar remains largely in a consolidative phase, awaiting Federal Reserve Chairman Bernanke's testimony before the Joint Economic Committee of Congress tomorrow. There has been much talk about...

Market Movers for May 21, 2013RBA minutes show no further inclination to cutUK Inflation materially lower than expectedNikkei 0.13% Europe -0.82%Oil $96.58/bblGold $1353/oz.Europe and AsiaAUD: RBA...

EUR/USD - European SessionThe pair moved to the upside yesterday, and is trading above key support of the ascending wave as Stochastic offers positive bias. Linear Regression Indicators are negative...

USD/JPY Open 102.11 High 103.25 Low 101.93 Close 102.22On Monday, the USD/JPY decreased with 130 pips. The currency couple depreciated from 103.25 to 101.93 yesterday, matching the negative money flow...

The main data out of the UK, CPI inflation, is expected to show a decline in the to 2.6% region today, mostly as a result of weaker energy prices, with the potential for an even lower print than...