Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the GBP 0.16% against the USD and closed at 1.6794.On Thursday, BoE’s Ben Broadbent acknowledged the fact that growth in the UK economy has gained momentum but at...

For the 24 hours to 23:00 GMT, the EUR ended the day flat against the USD and closed at 1.3715, giving back its initial losses, triggered by downbeat Euro-zone GDP data.Data showed that the annualized...

EUR/USD - European Session After yesterday's downside move, the pair inched higher and achieved a daily closing above 1.3700 represented in 23.6% correction failing the bearish extension of yesterday....

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.12; (P) 170.56; (R1) 170.98; Intraday bias in GBP/JPY remains on the downside for 169.50 support. As noted before, consolidation pattern from 174.84 is...

The big speculative interests (futures and hedge funds) are in BIG trouble in the Eurodollar market. The commercial interests are properly positioned to do BIG damage to the BIG spec Let’s...

In today's trading recap, I make numerous adjustments: 1. I close out all my yen trades for a small profit 2. Close out half my CADCHF trade for a profit; leave remainder on 3. Put on new AUDCAD order...

EUR/USD The euro dipped further and tested levels below important 1.3670 support, with the broken bull-trendline off the 1.3665 previous high containing dips at 1.3647. There was a quick recovery to...

Good morning! Hope all is well.Today we could have some fuel pumped onto the US Dollar pairs due to our fundamental watch. Yesterday’s forecast was a moderate one with 4 out of the 7 pairs...

AUD/USD for Friday, May 16, 2014A few days ago the Australian dollar finally moved through resistance around 0.9380 and 0.94 to move to a four week high above 0.94 before easing back over the last...

USD/JPY (daily chart shown below) has continued to fluctuate in a tight consolidation above the key support provided by its 200-day moving average and a critical trend line extending back to the...

INTRADAY CHART (USD/JPY) BIAS: While 101.65-75 caps we should see losses to 100.97-12Resistance: 101.65-75 101.95-01 102.19 102.36Support: 101.31 100.97-12 100.77 100.61MAIN ANALYSIS: Ouch, I...

Mixed results yesterday but developments that have brought some insights and potential clues. One was the new high in USD/CHF that took it above the old high at 0.8952. This tends to change the...