Forex Opinion & Analysis

Currencies The euro continues its bearish trend against the dollar, reaching a new 9-month low at 1.3302. The single currency continues to be under pressure as the European PMI will be announced...

The dollar was up against almost every currency we track over the last 24 hours. Yesterday’s announcement of much stronger-than-expected housing starts and building permits for July, coming...

USD/JPY Open 102.91 High 103.34 Low 102.51 Close 102.89On Tuesday the USD/JPY continued increasing with 45 pips. The currency couple appreciated from 102.51 to 102.95 yesterday, matching the positive...

EUR/USD: Next ref to be tested is near 1.3295The 21day regression line seems to have a high significance and its 2 std dev band allows for a test of the 'Triangle' breakout objective at 1.3240 without...

Market BriefVolatility has begun to creep into FX markets as traders refocus on economic fundamentals rather than geopolitical risks. Asia's regional indices were broadly higher (extension of US...

EUR/USD The euro has eventually broken near-term base and consolidation bottom, signaling Resistanceumption of larger downtrend, as the price tested psychological 1.3300 Supportport. Studies on all...

The US Dollar outperformed most major counterparts and extended gains versus the euro to reach a new 9-month high after upbeat US housing starts numbers the previous day boosted the greenback. The...

Talking Points:GBP/JPY Technical Strategy: Flat Support: 170.94, 170.50, 169.78-9 Resistance: 171.58, 172.30, 172.88 The British pound declined against the Japanese yen as expected after putting in a...

Talking Points:AUD/USD Technical Strategy: Flat Support:0.9301, 0.9277, 0.9263 Resistance: 0.9340, 0.9371, 0.9403 The Australian dollar advanced as expected against its US counterpart, confirming the...

Talking Points:EUR/JPY Technical Strategy: Flat Support: 136.22-27, 135.55, 135.18 Resistance:137.62, 138.80, 139.75 The euro is trying to build higher against the Japanese yen as expected after...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.58; (P) 171.10; (R1) 171.51; With 172.57 resistance intact, deeper decline is still expected in the GBP/JPY for 169.53 key support level. Current...

EUR/USDThe euro dropped to fresh nine month lows against the U.S. dollar on Tuesday, as upbeat U.S. housing data and a report showing that U.S. inflation was in line with expectations last month lent...

Autochartist recently identified the Down Channel chart pattern on the daily EUR/JPY charts – as you can see from the following trade alert for this currency pair. EUR/JPY is expected to break...