Forex Opinion & Analysis

Crude oil prices were slightly firmer on Tuesday after slumping to fresh near 7-year lows yesterday. US crude oil futures were up at $37.70 after hitting a low of $37.50 on Monday. The outlook for oil...

Markets are waking up to further concerns over the ongoing decline in economic momentum for the Chinese economy following another batch of weak data from China in the early hours of this morning....

While some are shocked that China may have “used” a huge amount of “reserves” in November, that is only because so many myths and anachronisms continue to abound in the...

Unremarkable is probably an appropriate description of yesterday’s moves. Actually, it’ll probably be an appropriate word for today – maybe the entire week… maybe the rest of...

Last week saw a resurgent New Zealand Dollar as the embattled Kiwi finally found its legs. However, a risk event looms upon the horizon as the RBNZ considers a cut to interest rates that could send...

Volatility in the yen stepped up a notch as the ECB sent shockwaves through the Euro pairs, and the US labour figures were released. Some positive JPY data was countered by Governor Kuroda suggesting...

EURGBP- Having reversed its intra day losses to close slightly higher on a rejection candle on Monday, bull pressure now builds up on resistance zone at 0.7250. On the upside, resistance lies at the...

Key Highlights · US dollar traded higher against the Japanese yen, and currently facing a major resistance area. · There is a bearish trend line formed on the hourly chart, which is...

EUR/GBP - time for a second test of resistance at 0.7250Last analysis from November 27 earned 120 pips. I wrote about consolidation and possible target of upward movement at 0.7200. In fact, that...

AUD/USD is turning nicely down from 0.7385, which looks like an impulsive price action. Ideally it's a first five wave drop from the high that will send pair back to bearish mode. We really like...

With a light calendar kicking off the week, much of today’s FX price action has been a continuation of the fallout from last week’s events. Following the higher than expected nonfarm...

After Thursday’s bombshell drop in the greenback, US dollar bulls are starting to peek their eyes back out of their bunkers to see that the terrain is much the same as it was before; most...

The EUR/USD had a 400 pip rally on Friday that was a bull breakout above its month-long wedge bottom. The bears see the rally as simply a pullback to the breakout point, which is the bottom of the...

AUD/JPY DAILY The rate is currently falling after almost touching a year-long falling trendline resistance. I am now looking to enter a small short position and then scale in if the rate can break the...