Forex Opinion & Analysis

Market Drivers for April 03, 2014 UK PMI Services misses slightly, Carney suggest rates hiked before election AU data mixed, Stevens sees early signs of mining handover Nikkei 0.84% Europe 0.27% Oil...

USD/JPY Open 103.85 High 104.07 Low 103.57 Close 103.86On Wednesday USD/JPY traded within 35 pip range. The currency couple depreciated from 103.94 to 103.57 yesterday, not matching the positive money...

European SessionEUR/USD The pair failed to stabilize above 1.3780 yesterday then moved back to the downside. Negative signals are currently showing on all the technical indicators showing on graph....

The U.S. dollar extended gains against the yen as investors awaited reports on U.S. Employment and Factory Output. The greenback has been fragile ever since chairperson of the Federal Reserve, Janet...

EUR/USDThe European Union’s bid to set out structure rules for about 30 of the bloc’s largest banks hit an early stumbling block as finance ministers challenged aspects of the plans that...

ECB officials met in Frankfurt yesterday, a meeting that continues today with the markets once again sat waiting for some movement on monetary policy. Recent days have revealed another another...

EUR/USD The euro is losing traction after triple rejection at 1.38 resistance zone triggered pullback to 1.3752 so far, retracing near 61.8% of 1.3704/1.3819 rally. Formation of bearish engulfing...

AUD/USD pushed lower  this morning, led by weaker than expected Australia Retail Sales which grew 0.2% vs an expected 0.3%. Economic data from China further compounded the misery, with...

USD/CHF BIAS: Finely balance here with the 0.8860-63 area important - if it holds then we could see further gains. ...

The New Zealand Dollar (NZD) finally broke through its bullish trend line after all its solid gains over the past month. Many had been talking down the fact that the NZD was due for some sort of minor...

JPY came to the resistance level we mentioned yesterday and held, at least for the first attempt. Therfore, we are in the market on rallies to here looking for a pullback towards the 103.00 support....

The GBP/USD is in the process of unwinding an overbought short term stochastics as we hold a tight range of 1.6612-1.6684 this week. Look for good support at 1.6595/85 but below 1.6570 adds pressure...