Forex Opinion & Analysis

Weak breakout from weak wedge top. Probably weak bounce and weak 2nd leg down. I said yesterday that the 60-minute chart of the EUR/USD had a wedge top and that it was trying to reverse 200 pips down...

Sales at U.S. retailers unexpectedly fell in March, raising concern consumer spending is losing momentum.The 0.3 percent drop in purchases followed little change the prior month, Commerce Department...

The euro is trading at 1.1300 at the moment. The low has traded at 1.1295 while the high has traded at 1.1391. The euro has eased versus the US dollar today in steady European session trading....

Bank of England Rate Decision Thursday April 14th 1200GMT1 Current rate 0.50%, expected unchanged Current voting 9-0, expected unchanged Last MeetingMarket expectations were heavily Dovish ahead of...

USD/JPY Open 108.56 High 109.39 Low 107.86 Close 108.53On Tuesday dollar/yen increased with almost 100 pips. The currency couple appreciated from 107.86 to 108.79 yesterday, matching the positive...

USD/JPY: Back In BlackThe safe-haven Japanese yen slid from recent peaks against the greenback on Wednesday as solid gains in oil prices helped underpin risk appetite. With hopes of a production cap...

EUR/USD H4 The rate has finally broken it's two-week long consolidation range just below the possible massive symmetrical triangle resistance. My immediate bias is now lower, and we should reach at...

The dollar rose against the other major currencies on Tuesday, after the International Monetary Fund cut its global growth forecast for the fourth time in the past year, boosting demand for safer...

USD/JPYIn accordance with our previous technical reports that we published since the opening of the week, the USD/JPY has soared, approaching the pivotal resistance of 109.35 after clearing 108.30 and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 153.79; (P) 154.65; (R1) 155.81; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

USD/JPY: The pair followed through higher on the back of its Tuesday strength on Wednesday. This price development leaves the pair targeting more upside in the days ahead. On the downside, support...

EUR/USD has posted considerable losses on Wednesday, continuing the downward trend which marked the pair in the Tuesday. The euro is trading at 1.1340 in the European session. On the release front,...

Market Drivers for April 13, 2016 CNY Trade number misses EZ IP misses Nikkei 2.84%% DAX 1.90% Oil $41/bbl Gold $1248/oz. Europe and Asia CNY: Trade 29.8B vs. 33.4B EUR: IP -0.8 vs. -0.7 North America...

Key quotes from the Societe Generale report: Oil And The EuroOil prices rose, equities rallied, bond yields moved a little higher and amidst a general dearth of new economic information, the yen...