Forex Opinion & Analysis

EUR: Draghi Comments Could Save or Sink the EuroGBP: No Action Expected from BoEAUD: Shrugs Off Weaker Retail, Waiting for Chinese TradeNZD: Trade Deficit Narrows on Stronger Exports and ImportsCAD:...

Last Update At 10 January 2013 00:08GMT Trend Daily Chart SidewaysDaily Indicators Turning down21 HR EMA 1.602955 HR EMA 1.6050 Trend Hourly Chart Near-term downHourly Indicators Oversold13 HR RSI...

The Japanese yen fell sharply against the dollar and euro on Wednesday as Japanese Prime Minister Shinzo Abe wanted the Bank of Japan to take sufficient monetary policy action to achieve a 2%...

USD/JPY is facing 88.40, previous high resistance, a break above this level will signal resumption of the uptrend from 82.11, then next target would be at the 90.00 area. Initial support is at the...

USD The dollar rose on Wednesday after doveish commentary form the Fed and rising speculation ahead of the ECB and BoE rate meetings tomorrow. Although expectations of further central bank policy...

Another relatively quiet day with markets focusing attention on Thursday's ECB meeting.Key Times: (all GMT)9:10 ~Spanish and Italian Bond Auction12:00 BoE GBP Rate Decision/QE Total -- Both expected...

I have covered the January Forex Effect several times over the years. This phenomenon can be such a powerful trading edge that it demands emphasis whenever possible.Track RecordThe January Forex...

The euro and British pound are trading lower this morning against the U.S. dollar ahead of Thursday's monetary policy meetings. European currencies continue to move to their own beat as commodity...

EUR/USDThe pair trended lower throughout the session as market participants pre-positioned ahead of the latest ECB governing council meeting on Thursday. Rates are expected to remain unchanged and...

Currently we are at 1.6004 and breaking the descending wedge which is bearish for the pair. The target area down is the support cluster at 1.5904-5916. The average daily trading range (ATR) is 57...

The EUR/USD is trading near 1,3050 right now. Although the pair managed to reach just above 1,31, back testing the broken upward sloping trend line as expected, it did not have enough fuel and buyers...

It’s currently not easy for the FX investor to find something of substance to get excited about. Caution over a plethora of Q4 earnings over the coming weeks is expected to naturally limit risk....

The major currencies have been confined to narrow ranges, with only the Japanese yen showing much movement. Yesterday's yen strength gave Tokyo operators a new and better selling opportunity. Both the...

EUR/USD is still caught between two lines forming a mid-term rising wedge (red lines). We mentioned this formation yesterday and on Tuesday, sellers really took advantage of this formation and its...