Forex Opinion & Analysis

It’s been a busy day so far for central bankers, especially in Japan and the US. As we noted on Monday, the yen has seen massive safe haven/carry trade unwinding flows over the last two weeks,...

The light volume and lower volatility made AUD/USD possible trade bidirectionally. The initial rebound from 0.7050 made 30 pips initially as suggested on previous Session Recap webinar followed by a...

The daily chart of the EUR/USD has reached reasonable objectives in its 2nd leg up from the December bull trend reversal. It is at about a leg 1 = leg 2 measured move up and a measured up based on the...

New York Forex Report: Risk sentiment improved over early European trading today as reports emerged of possible Russian oil supply cut and Iran’s readiness to negotiate with Saudi Arabia. The...

GBP/JPYCurrently we are 166.73 in a 3rd wave. We are looking to continue to the S7 at 163.88 and then correct. The average daily true range (ATR) for the pair currently is 229 pips.

The Australian dollar has gains on Wednesday, as AUD/USD trades at the 0.71 line in the European session. In economic events, Australian Westpac Consumer Sentiment posted a sharp gain of 4.2%. On...

GBP/USD: Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday, GBP/USD aims at 1.4591 level on bullishness. Support lies at the 1.4450 level where a break...

EUR/USDCurrent level - 1.1265 Yesterday's break through 1.1250 peak led to a new high at 1.1337 and my outlook remains bullish, for a rise towards 1.1490. Initial intraday support lies at 1.1240...

Expect Fed Chair Yellen to be walking a fine line later this morning. Ms. Yellen is due to testify on the Semiannual Monetary Policy Report before the House Financial Services Committee.Her remarks...

The U.S. dollar has become more fragile following the global market turmoil. Until recently, the greenback was considered a safe haven currency but the roles have reversed. Since the Federal Reserve...

The Japanese yen is steady on Wednesday, as USD/JPY trades slightly below the 115 line in the European session. On the release front, Japanese PPI posted a sharp decline of 3.1%. In the US,...

EUR/USD: Yellen In The LimelightBank of France governor Francois Villeroy de Galhau said central banks' recent struggle with deflationary forces was not finished and that getting inflation back to...

The dollar extended losses against the other major currencies on Tuesday, as concerns over global economic growth continued to dominate market sentiment.Concerns over the health of European banks...

GBP/USDGBP/USD attempts to incline, trading above moving averages at 1.4460 and 1.4420 respectively. Meanwhile, we can’t affirm the bullishness unless the pair takes out 1.4525, as a break above...