Forex Opinion & Analysis

EUR/USD - Technical Report Yesterday’s recorded high at 1.0905 was the target of our bullish outlook where we made about 105 pips profit; however, the pair is approaching the key resistance...

EUR/USDCurrent level - 1.0876 The bias is positive and the outlook remains bullish, for a rise towards 1.1050. Initial minor support lies at 1.0850, followed by the crucial zone around...

Resuming our technical comments series on the AUDCHF pair ( started on March 24 ) when we sold the pair at 0.7575, we see how the bearish scenario has been respected ideally. On March 30 , we...

The dollar extended losses against most major currencies on Thursday, even after data showed that the number of U.S. jobless claims fell to a nine-week low last week and that the U.S. trade deficit...

European markets are closed and US markets are closed, and yet, as was the case in 2012 and in 2010, the US Bureau of Labor Statistics will be releasing the US employment report at the usual time....

EUR/USD bears are approaching our wave C)=A) projection level on a weekly chart at 1.0300 so we need to be aware of a possible bullish turn sometime this year. However, we still need to respect the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Dollar – How to Trade Non-Farm Payrolls on Good Friday Euro Jumps on Pre-NFP Position Adjustments GBP: How to Trade the...

The currency markets are going to get interesting in April. Friday, 3 April, is a holiday – Good Friday – but at 8:30 in the morning, the Department of Labor releases the March employment...

The following is USD/JPY range and outlook for next week as provided by Bank of Tokyo-Mitsubishi UFJ (BTMU). USD/JPY – NEUTRAL BIAS – (118.00-121.50). The latest US economic data has been...

Talking Points USD/JPY unable to get a foothold above 120.00 US Dollarfails at key retracement Range break needed for directional clarity in USD/CAD Foreign Exchange Price & Time at a...

The very short-term trend remains down. The pull-back from the March 26 lows is probably merely an a-b-c correction. There is a possibility of a re-break lower, although, support is quite robust...

Just a quick followup to this post, in which I suggested the U.S. dollar Index might be set for a fakeout rally (that has happened) that might fail into a sharp selloff (this could be setting up.)...

Overnight, focus fell on AUD as it trended lower with expectations mounting over a 25bps cut at next week’s RBA meeting after markets priced in a 78% probability of a cut. Further weakness...

The U.S. employment component continues to be the positive outlier in a mostly disappointing series of economic indicators. This week, the ADP nonfarm employment report was released, and it missed...