Forex Opinion & Analysis

Market Drivers for May 16, 2013Japanese GDP beats helping to lift USD/JPY through 102.50AUD/USD slips through 98.50Nikkei -0.39% Europe -0.18%Oil $93.50/bblGold $1370/oz.Europe and AsiaJPY: GDP 0.9%...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.28; (P) 155.86; (R1) 156.35;Intraday bias in GBP/JPY remains neutral for the moment and some consolidations could be seen below 156.77 temporary top....

USD/JPY Open 102.23 High 102.76 Low 101.84 Close 102.20On Wednesday, the USD/JPY traded within the 90 pip range. The currency couple depreciated from 102.76 to 101.84 yesterday, not matching the...

The USD/JPY has been in a sideways move for the last couple of days, making Yens a bit dicey to trade. Current price action indicates continuation of corrective move in overall Bullish trend for JPYS....

Another day of weakness in the Euro and once the trendline at 1.2960 broke, sellers were back in the market. The second trendline at 1.2899 also failed to hold and we came to 1.2840. The market...

Aussie managed to hold onto its 200 week M./A by the skin of its teeth yesterday, on a close basis. We did not break out 9842 break point and therefore it is better to be long of Aussie on any dips,...

GBP/USD Open 1.5222 High 1.5273 Low 1.5172 Close 1.5226On Wednesday, the GBP/USD traded within the 100 pip range. The Cable depreciated from 1.5273 to 1.5172 yesterday, in line with the negative money...

GBPUSD – Price Action Bottoms, More Upside? As discussed in my FX market commentary yesterday, the GBP/USD was showing intra-day price action signs of a bottom forming via the trend transitions...