Forex Opinion & Analysis

Talking Points:USD/JPY Technical Strategy: Flat Support: 101.52 (38.2% Fib exp.), 101.13 (50% Fib exp.) Resistance: 102.01 (23.6% Fib exp.), 102.30 (14.6% Fib exp.) The US dollar fell against the...

Talking Points:EUR/USD Technical Strategy: Pending Short Support: 1.3476-1.3502 (Feb 3 low, Jun 5 low, 38.2% Fib exp.), 1.3431 (50% Fib exp.) Resistance:1.3560 (23.6% Fib exp.), 1.3585 (May 29...

The US Dollar continued to trade to the upside after U.S. President Barack Obama stated that he would not send any ground troops into Iraq. Iraq’s military launched attacks against Sunni...

EUR/USD - Weekly Report The pair attempted to achieve a daily close below the 38.2% correction at 1.3520 shown on the graph during the last week, but failed to do so. Failing to achieve the mentioned...

GBP/JPYDaily Pivots: (S1) 172.26; (P) 172.80; (R1) 173.50; Intraday bias in the GBP/JPY remains on the upside for the moment and current rally would extend further to 174.84 key resistance. At this...

While the main story of the weekend’s sports pages was the defeat of England by Italy – cue chants about unemployment and debt to GDP levels – the main news on the business pages was...

On Friday, the AUD weakened 0.30% against the USD to close at 0.9398.Data from Australia’s largest trading partner, China, showed that factory output in the nation rose 8.8% in May, in-line with...

On Friday, the USD rose marginally against the CAD to close at 1.0857. The latter came under pressure after data showed that manufacturing sales in Canada unexpectedly declined 0.1% (MoM) in April to...

On Friday, the USD strengthened 0.31% against the JPY and closed at 102.00.Following the BoJ’s decision, to keep its policy stance unchanged at its two-day meeting in June, Governor, Haruhiko...

On Friday, GBP rose 0.24% against the USD and closed at 1.6973, amid lingering optimism on a sooner-than-expected interest rate hike in the UK economy.On the economic front, the CB leading economic...

On Friday, EUR declined 0.10% against the USD and closed at 1.3536. However, the Euro-zone’s shared currency received some support after ECB’s Benoit Coeur rubbished speculations for an...

USD/JPY risk skewed lower, through 101.58 (200-DMA) for key 101.42Despite a rebound on Friday, whilst capped below 102.40 we see negative pressures early this week within the range defined by...

GBP/USD: Upside PressuresA push higher into the end of the week reinforces Thursday's rally surge through firm barriers at 1.6885 and 1.6923, poised at the 1.6998 cycle peak.This has negated any...

NZD/JPYThis pair dropped off of my wathclist as it grinded lower. However, as price is pausing just beneath a pivotal resistance area I suspect a bullish breakout is pending. As always it is easier...