Forex Opinion & Analysis

The New Zealand dollar is trading lower intraday against the US dollar, as the comments from RBNZ officials regarding the intervention have ignited a down-move in the NZD/USD pair. The pair has even...

USD/JPY Technical Strategy: Shorts Preferred Prices break below 102.00 following Shooting Star pattern Doji suggests some hesitation from the bears in intraday trade The USD/JPY remains below the...

NZD/USD Technical Strategy: Shorts Preferred Bearish Engulfingpattern opens drop to 0.8600 4 hour chart shows few signs of a potential bounce The Kiwi may be set to continue its recent declines...

USD/CAD Technical Strategy: Sidelines Preferred Doji highlights hesitation from traders near key support Four Hour chart shows little signs of a bounce The USD/CAD is testing its range-bottom...

Part of the forex short-term market move conundrum was answered yesterday after Fed Chair Yellen's congressional testimony on Capitol Hill. Also comforting capital markets is the glimmer of hope that...

EUR/USDCurrent level - 1.3917 The corrective slide from 1.3950 high has built a crucial resistance at 1.3938 and a violation of the latter will signal a renewal of the uptrend, towards 1.4000...

Following continued bullish momentum for many of the major currency pairs, these are now approaching key technical levels, which if breached could prove to be the tipping points for some sustained and...

Australia was out with another solid jobs report overnight, beating expectations slightly after the previous month’s strong data (thus avoiding the common mean reversion phenomenon this time...

Market Drivers for May 8, 2014 AU Employment beats Chinese Trade data beats all helping AUD to .9400 Nikkei .93% Europe .52% Oil $100/bbl Gold $1290/oz. Europe and AsiaAUD: Employment 14.2K vs....

The euro has pushed above US$1.39 for the first time since March. The last time it was up at these heady levels was at the end of 2011. Traders looking for a pullback based on stimulus from the ECB...

The Australian Dollar has been going through the rungs as of late, as economic data disappoints the markets over and over again. This shouldn’t come as a surprise to many peoplethough, as...

USD/JPYOpen 101.84 High 102.01 Low 101.42 Close 101.89On Wednesday USD/JPY increased with 55 pips. The currency couple appreciated from 101.42 to 102.01 yesterday, not matching the negative money flow...

EUR/USD After moving to the upside, the pair traded weakly yesterday with a bearish bias. The downside move is still limited above 1.3905 levels, while stability above this level is positive and could...