Forex Opinion & Analysis

Towards the end of October and beginning of November last year the Japanese yen broke out of its downward trend. Since then the USD/JPY has traded from approx. 79.00 up to the recent high of 88.39 hit...

USD/JPYUSD/JPY had been in a larger corrective uptrend from its Nov’11 low at 75.55 and the uptrend could test the 0.9500/0.9900 resistance on multi-month basis before renewing a long-term...

Perhaps EUR/JPY provided the crucial break yesterday that appears to have an overspill in other areas. At long last it dropped below 113.65 and should, in the process, indicate further weakness. Much...

EUR/USD looked like a "squeezy" environment last night, where buyers can step in to ride the price up to the upper channel, or it breaks down. A directional break should influence the equities markets...

The euro gained momentum on Tuesday morning after beginning to rise on Monday afternoon. On Monday, the common currency was trading at 1.3127. Ahead of the European Central Bank meeting, many...

After the hectic start to the year seen last week, this week so far has been somewhat of a damp squib. This leaves short term overbought or sold signals a bit of time to come back from extremes, for...

Australian Retail Sales missed their mark printing at -0.1% versus 0.3% eyed. This was the worst monthly reading since May of 2012 and the second negative month out of the last four. The largest drop...

Last Update At 09 January 2013 01:21GMT Trend Daily Chart SidewaysDaily Indicators Turning down21 HR EMA 1.606455 HR EMA 1.6078 Trend Hourly Chart DownHourly Indicators Falling13 HR RSI 4214 HR DMI...

After touching the lower line of the price channel on 4-hour chart, USD/JPY rebounds from 86.82, suggesting that a cycle bottom is being formed. Further rise could be expected, and next target would...

The Japanese yen is foreseen to weaken opposite the Australian dollar today as the freshly-elected Japanese government is expected to announce a fresh stimulus package as part of its efforts to boost...

The greenback dropped sharply against the yen on Tuesday as investors closed their long positions amid speculation that the Bank of Japan will ease its monetary policy in January. The single currency...

Another quiet day today.So much so that rumours of a French downgrade circulated before being squashed.Euro and the Pound took a tumble today on the rumour and on the slurry of poor economic data,...

USDThe dollar rose on Tuesday after safe-haven flows increased following the publication of a report on the fiscal cliff which showed that the U.S might run out of money by February. Data from the...