Forex Opinion & Analysis

The USD/JPY fell near the minor resistance zone (mentioned below) on a 60 minute time frame. The price was only short of a few pips from our Identified resistance zone, which we mentioned last week....

The U.S. Dollar surged on Friday subsequent to what many market traders called a stellar Non-Farm Payrolls report, as the release denoted that 288,000 new payrolls were created. However, not all of...

Forex News and Events: The Friday’s surprise in US payrolls couldn’t generate a stable demand in USD holdings; the dovish FOMC dominates the overall sentiment. The US 10 year government...

This week the scorecard recommends buying GBP, JPY and USD while selling SEK, NOK and AUD. Most input factors currently favour buying GBP. In particular, the interest rates and the...

The latest IMM data covers the week from 22 to 29 April 2014. IMM data released last Friday showed that the biggest changes in non-commercial positioning in the week to 29 April were seen in AUD and...

Market CommentaryThe Dollar Index (DX) slips during the New York session unable to hold on to gains made during European session; DX is trading weak at 79.50 ranges with medium term support is seen at...

GBP/USD Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.6825, which will be followed by reaching resistance...

EUR/USD - Weekly Report The pair dropped last Friday and witnessed a strong negative pressure, but bearishness was halted before the pair could break below 1.3780 keeping the upside move over intraday...

EUR/USDRisk reward: 1.66Trend: UpBuy at 1.3869 SL 1.3837 TP 1.3922USD/JPYRisk reward: 1.84Trend: DownSell at 102.12 SL 102.44 TP 101.53GBP/USDRisk reward: 1.78Trend: UpBuy at 1.6865 SL 1.6833 TP...

HSBC China Manufacturing PMI 48.1 in April vs. 48.4 Expected and 48.3 Prior AUD/JPY falls as markets shift to the Yen in a risk averse move USD/JPY drops below a key technical level at...

The Friday April US jobs report releases were enough of a mixed bag that the market had a tough time coming away with a definitive takeaway: a nice strong private and non-farm payrolls change that...