Forex Opinion & Analysis

Friday did not surprise too much and has nudged the larger dollar picture towards the upside. At this point I can’t say that there has been a clear and decisive break in the dollar downtrend...

On our last post regarding this FX pair, we mentioned that a pullback towards optimal 1.3040 was expected. EUR/USD met this target and went even lower towards 1.30 (a bit higher than the 76,8%...

So NFP came in at exactly the 150k estimate which caused some interesting price action on Friday with most pairs bouncing off of support.This has lead to some interesting set-up options for this week,...

Fiscal CliffBrief OverviewFear ... Greed ... Uncertainty. We are all well aware that in trading the market we are in fact trading emotions; the three aforementioned to be precise. This past Tuesday...

EUR/USD made a deep unexpected pullback in this past week slightly below the 1.2660 trend line which indicates that temporary highs could be in place. As such, we would not be surprised to see even...

On financial markets, the year is starting off more or less where 2012 left off, with talks concerning the fiscal cliff hogging centre stage. Although Congress was able to avoid the nightmare scenario...

Market CommentaryThe Dollar Index continued appreciating after finding support at 79.00 ranges to currently trade at 80.75 with 81.20-81.50 acting as short-term resistance. As against historic inverse...

The euro slid on Friday morning as investors worried about the U.S. upcoming budget battle and approaching debt-ceiling. The common currency traded at 1.3013 on Friday.After a huge jump following the...

One of the most important decisions participants in the foreign exchange markets must make is whether to view the dramatic pullback in most of the major foreign currencies seen in the early days of...

The euro turned downward on Thursday morning, trading at 1.3140. The fall is attributed to new manufacturing data out on Monday that seemed to confirm sentiments that the eurozone was in for a...

EUR/USD: With EUR declining to close the week lower, further bear threats are expected in the new week. However, we expect further declines to be capped at rising trendline support at 1.2928 level....

EUR/USDThe pair settled the week lower but crucially above the psychologically important 1.3000 level as market participants booked profits following a sharp rally after investors reacted positively...