Forex Opinion & Analysis

Well, that’s been decided then hasn’t it? The week had begun with the hangover of the deep correction higher in the dollar that probed deep correction levels where traditional...

Note: Allow me some ‘color’, to make a point about the very rapid changes in FX that have taken place of late.In the late 80′s I was in touch with a few dozen US multinationals. The...

Here are a few more observations from Friday's developments. The charts display Friday's support and resistance from the daily report issued around 2am-3am GMT and last for the rest of the day. Friday...

Heading into the weekend, the euro touched just below $1.33 on Friday morning after a positive press conference following the European Central Bank's monthly meeting. The euro traded at 1.3266 on...

In our Gaps Gone Wild! thread, we discussed how the fiscal cliff resolution announced over New Years' Day resulted in gaps across many markets. While many of those gaps have since been filled, there...

3-Month Depreciating Yen TradeThe 3 month Japanese yen trade which every fund manager from San Diego to Hong Kong has taken part in will sure help Japanese exporters and help spur more economic...

EUR/USDAs indicated by the latest CFTC data, investors decided to pare back positions in both EUR and GBP ahead of central bank meetings last week. It is this bearish underlying sentiment which...

USDThe dollar fell on Friday after global risk appetite remained strong following an improved outlook for the euro zone, and after data showed a fall in the Trade Balance to -48.7bn from -42.1bn...

EUR/USDEven though the ECB kept its key benchmark interest and the deposit rate unchanged, the press conference sent the EUR bid across the board, with the EURIBOR strip trading heavier as...

USD/JPY has managed to overcome important resistance levels in the last few weeks. The next serious obstacles are at 90.00 and 90.35 (76.4% Fibo of the decline from 95.00 to 75.56). We may see more...

Cable's Near-Term OutlookNo change as the market is seen in the process of forming an important top below the long discussed ceiling of the multi-year triangle (see longer term below). But as...

Currencies are on the move, today, with the EUR/USD rising to its highest level since March 2012. While it may tempting to credit the push higher at the beginning of the U.S. session to U.S. data, the...

Higher-than-expected CPI data cooled the rally in risk assets with high beta currencies all coming off their highs after a very powerful rally yesterday. Chinese CPI printed at 2.5% versus 2.3% eyed...

The EUR/USD currency pair is once again threatening recent range resistance highs around 1.3300, after the ECB (European Central Bank) held its key rate at the record low 0.75% level....