Forex Opinion & Analysis

EUR/USDThe euro continues moving inside descending channel, which has changed the angle of slope very. Today the price may reach level of 1.3575, form another ascending wave to test level of 1.3650...

USD/JPYCurrently we are at 102.13. We are looking for a continuation to the R4 area at 103.17 after the break of the ascending wedge. Use the UJ as a gauge for other yen pairs. Failure to break means...

Forex News and Events: Recovery in US yields and broad based demand in USD dominate the FX markets this Monday. Euro makes a flat-to-negative start to an event-full week. Traders are focused on the...

If this week does not do it for capital markets then very little will. It’s a heavy central bank week schedule, packed tightly with manufacturing, services and composite PMI’s, that will...

The EUR/USD is under pressure on Monday, as has lost ground and is trading just above the 1.36 line in the European session. In economic news, Eurozone Manufacturing PMIs continues...

Market Drivers For June 02, 2014 Aussie Building Approvals sink sharply, lower iron ore adds to woes UK Mortgage approvals decline, PMI steady Nikkei 2.07% Europe 0.09% Oil $103/bbl Gold...

The major currencies were generally quiet in the Asian session to open the week, though we got a bit more movement in the USDJPY than we’ve grown accustomed to lately as the pair rose back...

EUR/USD Main scenario:The pair is trading along a sideways trend.The downtrend may be expected to continue in case the market drops below support level 1.3620, which will be followed by reaching...

EUR/USD - Weekly Report Last week the pair traded in volatility that tended slightly to the upside but stable below the 23.6% correction at 1.3705 showing on the graph. Stabilizing below the referred...

GBP/JPYDaily Pivots: (S1) 169.96; (P) 170.32; (R1) 170.87; Intraday bias in the GBP/JPY remains neutral first. As long as 171.97 resistance holds, deeper decline is still expected. Such fall is...

The USD/JPY found a temporary low at 100.81 on May 21st after an ending diagonal down in wave C. Prices rallied more than 120 pips, back to 102.00 level with one leg, so it should be only part of a...

EUR/USD The euro holds positive near-term tone off 1.3585 low, as Friday’s acceleration higher peaked at 1.3649, 76.4% of 1.3667/1.3585 downleg and subsequent pullback being contained by hourly...