Forex Opinion & Analysis

EUR/USDTrading range: 1.3140 - 1.3040Trend: DownwardSell at 1.3130 SL 1.3162 TP 1.3053USD/JPYTrading range: 87.70 - 86.75Trend: DownwardSell at 87.57 SL 87.89 TP 86.85GBP/USDTrading range: 1.6125 -...

The market managed to avoid making a decision yesterday… It’s not quite what I had wanted as it leaves us a little in no-man’s land and perhaps the potential for extended lack of...

EUR/USD Open 1.3119 High 1.3140 Low 1.3015 Close 1.3113On Monday EUR/USD increased with 110 pips. The European currency appreciated from 1.3015 to 1.3129 yesterday, not matching the negative money...

The euro dropped closer to $1.30 on Monday morning, reflecting predictions that 2013 was going to be a difficult year. The European Central Bank is set to meet on January 10th to discuss, among other...

With little fundamental news in Europe right now, forex traders may wish to focus their attention on the commodity dollars and in particular on the Australian dollar and the Aussie/dollar pair.Since...

USD/JPY may be forming a cycle top at 88.40 on 4-hour chart. Pullback to the lower line of the price channel would likely be seen. As long as the channel support holds, the fall is treated as...

It is a quiet day on the news front and it feels like the markets are waiting for the ECB press conference on Thursday.Historically the ECB press conferences have been pretty bad for the euro, often...

CFTC Commitments of Traders (COT) Report, published January 4, 2013. The total net USD position in the currencies we follow increased to a short of 183,017 contracts, up from 177,758 in the previous...

While the case for further Yen weakness remains compelling, it’s hard to argue against a period of natural consolidation after an extended period in decline. The USD/JPY retreated from...

USD The dollar fell Monday mainly because of a result of lessening safe-haven flows because of a rise in risk appetite due to Euro-zone date, which showed a leap in investor confidence in January....

The European Central Bank and the Bank of England meetings will take the center stage in the week ahead as traders await to find out if these two major central banks will follow the Fed’s...

Data/Event RisksEUR: Not much on the agenda. Political developments in Italy are worth watching out for.USD: Little of substance in terms of economic releases today, or for that matter in the first...

EUR/USDIn spite of trading lower for much of the session, the pair settled in minor positive territory after staging an impressive rally after going through the ECB fix (left hand side fix) at 1315GMT...