Forex Opinion & Analysis

BIAS: I look for losses to develop more strongly now, potentially to the 0.9450 areaResistance: 0.9658-66 0.9682-90 0.9707 0.9720Support: 0.9628 0.9597 0.9577 0.9545-55MAIN ANALYSIS: Thursday saw an...

The Japanese yen has improved slightly, as USD/JPY was trading in the low-102 range in Friday’s European session. Key US releases, notably Unemployment Claims, looked weak on Thursday. In Japan,...

GBP/USD Open 1.5279 High 1.5323 Low 1.5195 Close 1.5264On Thursday Pound/Dollar increased with 100 pips. The Cable appreciated from 1.5195 to 1.5323 yesterday, in line with the negative money flow...

The EUR/USD reversed slightly higher on Thursday from 1.2840 support but not for long. Recovery found resistance very soon, so it was probably just a fourth wave within larger wave 3 down. Our bias...

Market CommentaryThe Dollar Index (DX) tested the initial projection of 84.16, after closing beyond previous resistance of 83.50 ranges to trade at 84.00. The benchmark equity index of the Dow Jones...

AUD/USD has been extremely bearish in May following RBA’s surprise rate cut. The rise of USD strength worsen matters as the already bearish Aussie got pushed down quickly, falling from a 1.058...

Singapore’s trade agency International Enterprise released the latest April Trade data about 1 hour ago, with headline Non-Oil Domestic Exports M/M coming in at +1.1%, a sharp decline from...

The AUD/USD is presently consolidating a little around 0.9820 after having recently bounced off the short term support level at 98 cents. It has experienced its worst week in a long time which has...

USD/CAD remains at high levels, but the US dollar has edged lower as key US numbers disappointed on Thursday. The pair has crossed below the 1.02 line and was trading in the high-1.01 range early in...

The Australian dollar continues to slide against the US currency, as the pair briefly dipped below the 0.98 line in Thursday trading. The Aussie has had a miserable May, shedding over five cents since...

EUR/USDTrading range: 1.2875 - 1.2800Trend: NeutralSell at 1.2863 SL 1.2895 TP 1.2813USD/JPYTrading range: 102.15 - 102.85Trend: NeutralBuy at 102.26 SL 101.94 TP 102.71GBP/USDTrading range: 1.5260 -...

The US dollar continues to hit new levels against the yen, as USD/JPY was trading in the 102.60 range in Thursday’s European session. The US released disappointing inflation and manufacturing...

EUR/USD is showing little change, as the pair trades in the high-1.28 range in Friday’s European session. The euro failed to make up ground on Thursday, despite some disappointing US numbers,...