Forex Opinion & Analysis

AUD/USDA larger corrective downtrend started from 1.1085 (July’11 high), appears to be still in force for AUD/USD which may be a large triangle consolidation in a range between 1.0860 and 0.9580...

U.S. Dollar Trading (USD)The December nonfarm payroll gained +155k and the Unemployment Rate remained at 7.8% in figures released Friday. Stock markets climbed into the weekend and this inspired some...

Market conditions can supersede both fundamentals and technicals – a truism we witnessed this past week. Typically, the dollar’s position as the preferred reserve currency would have...

EUR/USDEuropean Central Bank President Mario Draghi will turn his attention to nursing the euro region back to economic health this week as the urgency to deploy crisis measures recedes after three...

Higher-yielding assets, including the euro, Australian dollar and crude oil, saw modest gains on Friday afternoon, following a positive US jobs report that led to risk taking among investors. This...

Eurodollar has renewed its downtrend after touching resistance from an old trend line. It will probably fall further, reaching perhaps down to recent 1.3000 lows and probably even to where the 50-day...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.76; (P) 141.29; (R1) 142.16Intraday bias in GBP/JPY remains neutral for the moment and some more consolidations could be seen. But a recent rally should...

EUR/USDTrading range: 1.3065 - 1.2965Trend: DownwardSell at 1.3055 SL 1.3087 TP 1.2978USD/JPYTrading range: 88.25 - 87.30Trend: DownwardSell at 88.11 SL 88.43 TP 87.39GBP/USDTrading range: 1.6070 -...

HighlightsEnd in sight for Fed's open-ended QECongress buys time but US budget talks still a key riskECB dovish, but may hold on rates for nowEnd in sight for Fed’s open-ended QEThe release of...

EUR/USDEUR/USD: 1.3067Short-Term Trend: Weak uptrendOutlook: EUR failed last week at 1.3300 resistance and declined sharply. While there is still a pattern of higher highs and higher lows from the Nov...

Contrasting economic updates from the UK and the eurozone are foreseen to weigh on the British pound and buoy the euro in the trades today. A surprisingly weak Services PMI report has raised fears...

Monday is a slow news day for economic releases, which provides an opportunity for a quick review of the momentum factor in three currency pairs: EUR/USD, EUR/GBP, USD/JPY. A few weeks ago I profiled...

EUR/USD Open 1.3066 High 1.3090 Low 1.2996 Close 1.3067On Friday EUR/USD increased with 90 pips. The European currency appreciated from 1.2996 to 1.3090 on Friday, not matching the negative money flow...