Forex Opinion & Analysis

Earlier today in Tokyo, Japan’s Minister of Economy Minister Akira Amari said that the overly strong Yen is in the process of being corrected, and that he hopes the exchange rate settles at a...

GBP/NZD continues to fall toward the Key Support Level 1.8514 (of the type Approach) identified by Autochartist on the hourly charts – as you can see from the following trade opportunity alert...

The Yen corrected itself over night against all of the other 16 currencies it’s paired against. This comes after the economic Minister of Japan commented that it is strongly believed that that...

The U.S. Dollar weakened against most of the majors, including the Yen, after Japan’s Economy Minister, Akira Amari, stated that further declines in the currency could have a negative impact on...

EUR/USDTrading range: 1.2910 - 1.2810Trend: DownwardSell at 1.2900 SL 1.2932 TP 1.2823USD/JPYTrading range: 102.30 - 103.25Trend: UpwardBuy at 102.43 SL 102.11 TP 103.15GBP/USDTrading range: 1.5275 -...

The USD index is trading lower from recent highs, which now appear to be start of a deeper corrective retracement. We are tracking the wave 4) pullback now, as we can already count a completed five...

Yen pairs were sideways for most of last week, but on Monday most pairs of the pairs were rejected from supports indicating eventual Bullish moves. The general outlook for the JPYs remains bullish;...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.17; (P) 155.75; (R1) 156.56;Intraday bias in the GBP/JPY remains neutral for the moment, as consolidation from 156.77 continues. Another retreat could be...

GBP/USD Open 1.5266 High 1.5282 Low 1.5163 Close 1.5246On Monday, the GBP/USD increased with almost 120 pips. The Cable appreciated from 1.5163 to 1.5282 yesterday, in line with the positive money...

Dollar Retreats Before Key Fed Officials Weigh In on QE3Having charged forward under one of the strongest two-week advances in nearly 18-months, the Dow Jones FXCM Dollar Index (USDollar) was in for a...