Forex Opinion & Analysis

EUR/JPY INTRADAY CHART BIAS: The underlying direction should be higher now Resistance: 124.43-65 125.00-1 125.35 125.64 Support: 123.58 123.24 123.01 122.67 MAIN ANALYSIS: Yesterday's strength...

The market appears to have opted for a weaker dollar but not uniformly. It’s a bit like the argument for Brexit – or not. Opinions have been stated, counter arguments against direct...

With oil filling the Doha disappointment gap, I wanted to take a look at some of the commodity currencies, most notably the Canadian dollar.USD/CAD Daily 1: Each of these daily charts are the same,...

AUD/JPYShort term Elliottwave structure suggests that dip to 80.66 ended wave (X). Rally from there ended wave ((w)) flat at 84.77, wave ((x)) pullback ended at 82.09, and pair has resumed the rally...

The governor of the Bank of England Mark Carney says at the House of Lords Economic Affairs Committee on Tuesday afternoon that in the event of Brexit it would be "less likely" that the City of London...

The dollar remained pressured to the downside against its peers today following the release of discouraging US housing data reducing demand for the greenback. US building permits dropped 7.7% to total...

The USD lost out after another day of selling against the commodity currencies, led by CAD, which has been boosted through 1.2700 as front month WTI crude oil pushes through $42.0. Production factors...

Getting ready for the ECB meetingOn Thursday April 21 at 13:45 СЕТ the ECB meeting is scheduled. Investors expect no immediate interest rate cuts, though assume that further monetary...

Stock markets staged a miraculous rebound during trading on Tuesday following the abrupt appreciation in oil prices that renewed risk appetite and boosted some confidence towards the global economy....

AUD/USD has posted gains on Tuesday, continuing the trend we saw in the Monday session. AUD/USD is trading at the 0.78 line early in the North American session. In economic news, the RBA minutes...

GBP/JPYCurrently we are at 157.18 continuing in this move. We are looking to continue to the 0.618 Fibonacci at 158.40 and then a possible reversal. The average daily true range (ATR) for the pair...

Yesterday EUR/USD continued growing, as the dollar is still under pressure from the publication of weak macroeconomic statistics in the US last Friday. Data on Industrial Production showed a 0.6%...

USD/JPY Open 108.84 High 109.49 Low 107.82 Close 108.80On Monday dollar/yen increased with 115 pips. The currency couple appreciated from 107.82 to 108.99 yesterday, matching the positive money flow...

Market Drivers April 19, 2016 RBA Minutes show no concern on Aussie ZEW - better Nikkei 3.68% Dax 1.84% Oil $41/bbl Gold $1243/oz. Europe and AsiaRBA Minutes - no concern on AussieEUR: EZ Current...