Forex Opinion & Analysis

AUD/CAD - reached lower limit of bearish channel Friday brought huge selloff at AUD/CAD. Falls ranging almost 200 pips during just one session certainly isn't a common picture. Bears broke three...

The Australian dollar has started off the trading week quietly, as AUD/USD trades at 0.7120 in the North American session. On the release front, the week started with Australian Company Operating...

New York Forex Report: Markets have begun the week in a decidedly risk-off manner with both oil and equity markets under pressure. Amidst the early European session, which saw USD continue to...

A very choppy session in FX, though this is usually the case on a Monday – month-end flow causing minor fluctuations. The key theme from Asia was the sell-off in USD/JPY, but we managed to hold...

The daily chart of the EUR/USD has fallen in a series of sell climaxes back into the January/December trading range. Since it went sideways for 2 months at this price before, it will probably soon go...

The Japanese yen has started off the week with considerable gains, as USD/JPY trades at the 113 line in the European session. In economic news, Japanese Retail Sales disappointed with a decline of...

USD/CADCurrently we are 1.3540 in consolidation. We are looking to continue to the S6 support at 1.3400. The overall target is the day chart bottom at 1.3300. The average daily true range (ATR) for...

Yen weakens on economic dataJapan’s January inflation slightly fell in line with preliminary forecasts. This heightens the probability of the further monetary stimulus from the Bank of Japan....

China stepped up its easing policy further today with a general cut in the reserve requirement ratio of 0.5 percentage points. This comes only four weeks after China announcing a reduction in the down...

This week the G10 FX Financial Scorecard recommends buying NOK, JPY and SEK while selling NZD, CHF and GBP.Last week's signals resulted in a 0.4% loss. In particular, the long GBP position was...

This week is going to be a busy week in the foreign exchange market as Super Tuesday and Friday's Nonfarm Payrolls report will set the tone for the U.S. dollar. Last Friday the greenback ended higher...

USD/JPY: Falling Stocks Revive Demand For JPYThe Commerce Department said consumer spending increased 0.5% in January, the largest gain in 10 months, as households ramped up purchases of a range of...

EUR/USDCurrent level - 1.0935 Friday's sell-off broke through 1.0980 crucial low and the pair reached a new low at 1.0910. The outlook remains bearish below 1.0980 resistance and crucial on the...

GBP/USD: The pair closed lower the past week on continued downside pressure. This development leaves the pair weak and vulnerable to the downside on further decline. Support lies at the 1.3800 level...