Forex Opinion & Analysis

EUR/USDThe pair has been in a multi-year complex corrective downtrend since Jul’08. We prefer to view the setback from 1.4945 (May’11 high) as a wave (Y) of the large corrective pattern...

Next week is going to be full of data in the United States. Meanwhile, it will be interesting to see how the political negotiations on the upward review of the debt ceiling will begin to develop, but...

EUR/USD Open 1.3355 High 1.3404 Low 1.3247 Close 1.3341On Friday EUR/USD continued increasing with 110 pips. The European currency appreciated from 1.3247 to 1.3360 on Friday, matching the positive...

We certainly saw the less frenetic pace I had suggested on Friday with the possible follow-through lower in EUR/USD and USD/CHF. While the prospect of a deeper correction remains, Friday’s...

Main analysisNasdaq 100Nasdaq 100: 2747.91 Short-Term Trend: Sideways Outlook: The recent upmove from the late December low remains intact but the upward momentum has slowed in our opinion. As you...

Last Update At 14 January 2013 01:47GMT Trend Daily Chart SidewaysDaily Indicators Neutral21 HR EMA 1.612755 HR EMA 1.6110 Trend Hourly Chart SidewaysHourly Indicators Neutral13 HR RSI 5014 HR DMI +ve...

USD/CHF’s fall from 0.9302 extends to as low as 0.9110. A deeper decline to test 0.9083 support would likely be seen, a breakdown below this level could signal resumption of the downtrend from...

EUR/USDWe are currently sitting at 1.3393 in the strongest rally since last August. Expecting to top soon – may be now but maybe not until the R6 at 1.3506. If the current move does continue we...

U.S. Dollar Trading (USD)Traders enjoyed a very volatile trading day in the currency markets with the euro leading the majors higher against the Greenback after the ECB meeting Thursday. Stock markets...

Against the backdrop of a five-year high for the S&P 500 and a remarkable climb for EUR/USD, it wasn’t difficult to interpret the pain the US dollar was in Thursday. For the Dow Jones FXCM...

One of our Top Trades for 2013 was short JPY/SEK with an implicit spot target range of 7.30-7.40. We entered a bearish 6M risk reversal at zero cost with spot ref 8.02. The pair is down more than 10%...

Yen and, to a lesser extent, dollar were sold off sharply overnight as risk appetite sent S&P 500 to close at five-year high of 1472.12. Asian equities opened higher but pared gains after stronger...

At Friday’s meeting, the ECB Governing Council decided to leave key policy rates unchanged. President Draghi did not completely close the door to further rate cuts. Nevertheless, we think that...