Forex Opinion & Analysis

USD/JPY - Sharp declines after completed reverse H&S patternSuch technical price behaviour like last USD/JPY movement can't be seen very often. First it formed reverse head and shoulders pattern...

AUD/USD rallied through its key resistance at the 0.7140 level on Wednesday and followed through higher on Thursday. This leaves risk of more strength on the cards. On the downside, support resides at...

The mighty dollar has been the darling of the forex market for 18-months now, mostly on rate differentials. But has the Fed got it right?So far this year, and after the first Fed rate hike in...

The Japanese yen has posted gains on Thursday, as USD/JPY trades at 117.50 in the European session. In economic news, the US will release Unemployment Claims, with the key indicator expected to remain...

Last Sunday (31 January) Zero Hedge ran an article drawing attention to the big names in the hedge-fund community who are betting heavily that the yuan will suffer a major devaluation any time between...

What a day for the USD! The U.S. dollar depreciated sharply against all of the major currencies as signs of a slowing U.S. economy pushed the 2016 rate-hike likelihood lower. Despite a stronger-than...

Bank of England: First “Super Thursday” of the year Today, the BoE simultaneously releases its monetary policy decision, the meeting minutes and its quarterly Inflation Report. No change...

Trade Of The Day: The NZD/USD hit a 4-week high against USD at 0.6697 on Wednesday. During the Asian session, the NZD/USD surged due to the better-than-expected job figures and received another boost...

EUR/USDCurrent level - 1.1108 The uptrend broke through 1.0980 and 1.1060 and my outlook here remains bullish, for a rise towards 1.1305. Initial intraday support lies at 1.1060, followed by the...

EUR/USD 1HYesterday’s Trading: In mid-December the euro bulls didn’t manage to strengthen above 1.10. Now they are in jubilation on part of New York Fed chief Dudley who helped them pass...

USD/JPYFollowing the collapse seen yesterday, the USD/JPY started to consolidate around 23.6% Fibonacci of the wave seen on the chart below at 117.75. Trading below moving averages in addition to the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.81; (P) 172.28; (R1) 173.51; The recovery from 163.96 could extend to 55 days EMA (now at 176.08). But still, we're treating it as a corrective pattern and...

EUR/USD H4 The rate broke its one-and-a-half year falling trendline resistance yesterday. The immediate attention should now be turned to the last year's rising channel support as it comes in at the...

EUR/USD is trading above the 1.11 line in Thursday’s European session, following sharp gains a day earlier. On the release front, there are no major Eurozone events. ECB President Mario Draghi...