Forex Opinion & Analysis

This week starts with the euro (EUR) keeping its upward trend following European Central Bank (ECB) President, Mario Draghi’s, press conference on Thursday. The single currency traded just below...

EUR/USD is very bullish since last Thursday ECB press conference when pair reversed significantly higher, clearly in impulsive fashion with extensions above 1.3300 level. We know that impulsive...

With risk trends struggling for consistency and Fed officials passing up the opportunity to offer a tangible shift in monetary policy, the dollar was a mixed bag Monday. The Dow Jones FXCM Dollar...

Risk aversion in the marketplace, following disappointing eurozone industrial data, resulted in gains for the safe-haven US dollar against its higher-yielding currency rivals yesterday. Meanwhile,...

It was a strange day yesterday - some good news and some slight variations that indicate an inconsistent outlook. The easiest to note was the divergence between EUR/USD and USD/CHF again. The euro...

GBP/USD Open 1.6075 High 1.6156 Low 1.6030 Close 1.6072On Monday GBP/USD decreased with 125 pips. The cable depreciated from 1.6156 to 1.6030 yesterday, in line with the negative money flow sentiment...

Last Update At 15 January 2013 01:49GMT Trend Daily Chart UpDaily Indicators Rising21 HR EMA 1.336755 HR EMA 1.3217 Trend Hourly Chart UpHourly Indicators Bearish divergences13 HR RSI 6014 HR DMI +ve...

US Stock MarketStocks finished the trading day almost flat on Friday. The S&P 500 finished unchanged, the Dow Jones rose by 0.13%, and the NASDAQ rose by 0.12%. Technically, the Dow Jones remains...

Technical Major CurrenciesEUR/USDThe bearish move stopped yesterday close to support levels at 1.3335 from where the pair rebounded to the upside. This indicates that the pair is still moving to the...

CFTC Commitments of Traders (COT) Report, published 08 January 2013. Currency futures traders were busy reducing positions in the first week of the New Year. The collective reduction was 42K contracts...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.86; (P) 143.82; (R1) 144.81Intraday bias in GBP/JPY remains neutral for the moment and more consolidations could be seen below 144.80 temporary top. But...

Yen crosses weakened mildly in Asian session today on profit taking, following retreat in equities. The Japanese yen is also weighed down mildly by comments from Japanese Economics Minister Amari, who...

Last week produced many newsworthy items from outside North America. First, at a news conference on Thursday, Mario Draghi, the President of the European Central Bank, declared that the eurozone...