Forex Opinion & Analysis

Even though the dollar benefited from the upside surprise in retail sales, it is the yen weakness that pushed all of the major currencies lower yesterday. The 1% drop in USD/JPY triggered large...

A combination of risk aversion and a weaker German economy pressured the March euro on Tuesday. Traders flocked to the U.S. Dollar for protection in anticipation of a possible stalemate in the debt...

Last Update At16 January 2013 02:12GMTTrend Daily ChartSidewaysDaily IndicatorsTurning up21 HR EMA0.928155 HR EMA0.9239Trend Hourly ChartNear-term upHourly IndicatorsOverbought13 HR RSI6814 HR...

The Japanese yen rose strongly against other currencies on Tuesday as Japanese Economics Minister Akira Amari mentioned about the disadvantages of excessive monetary easing, causing investors to close...

The Japanese yen is deemed to sustain yesterday’s gains alongside the US dollar as the nation’s core machinery orders inclined for a second consecutive month in November in a positive sign...

USD/JPY breaks below the lower line of the price channel on 4-hour chart, suggesting that a cycle top has been formed on 4-hour chart. Deeper decline would likely be seen and next target would be at...

Traders were impatiently awaiting Ben Bernanke’s speech at the University of Michigan, in hopes of getting a clearer picture of the date for the end of the bond-buying program. Unfortunately,...

FX Reversal DayEUR: Hit by EUR/JPY Selling, Despite Strong Spanish AuctionGBP: Annualized CPI Growth EasesNZD: Comm. Dollars Vulnerable to DeleveragingCAD: Improvements in HousingAUD: Consumer...

USD/CAD recovered in five waves from 0.9630 (low of 2012). We know that the five-wave pattern shows direction of a primary trend as Elliott Wave theory says. Therefore, we think that the decline from...

EUR/USDThe pair settled lower, as market participants continued to book profits in reaction to the recent sharp rally. Despite the bullish sentiment, the fundamental outlook for the euro zone remains...

Overnight gains in the U.S. dollar were supported by better-than-expected retail sales numbers. The holiday shopping season was not nearly as weak as some economists had feared with consumer...

EUR/USDEuropean leaders declaring they’ve gained the upper hand in the three-year-old debt crisis are sharpening efforts to channel a rebound in financial markets to an economic recovery to chip...

Currently we are at 1.6057 and there are two scenarios:This is a continuation break to finish the triple bottom at 1.6002 orit is really a head and shoulder pattern and we will bounce to the 0.618...