Forex Opinion & Analysis

Talking Points:EUR/JPY Technical Strategy: Flat Support: 135.81, 134.92, 133.48 Resistance:137.26, 138.43, 139.60 The euro turned lower against the Japanese yen as expected after negative RSI...

EUR/USD Open 1.1314 High 1.1454 Low 1.1284 Close 1.1309 On Monday euro/dollar decreased with 155 pips. The European currency depreciated from 1.1454 to 1.1297 yesterday, matching the negative money...

Australia 200 for Tuesday, May 19, 2015The ASX200 index has started this new week lower; however, it has enjoyed some support from 5650, although the key 5800 level is looming large and is likely to...

AUD/USD for Tuesday, May 19, 2015To start this new week, the Australian dollar is enjoying some support from around 0.80; however, in the recent hours, it is severely testing the support at this...

It was a day of dollar strength. This was definitely expected in the Europeans and also the Aussie. In particular, the break of 1.1323 in EUR/USD was something I hadn’t expected but actually...

Key Highlights · British Pound weakened against the US dollar recently and looks like eyeing a test of 1.5600. · In the UK, the Consumer Price Index will be released by the National...

CAD/JPY Strategy: FlatThe rally since 2-2 may come to an end, at least in the short term. Largely on the energy (pardon the pun) of a robust economy, the loonie has been rallying against the...

We noted the modest strength in the US dollar, which has been driven primarily by safe-haven buying surrounding the ongoing uncertainty with Greece’s upcoming debt payments. While that story...

It was only a matter of time before the market’s attention started paying attention to Greece once again. The rally in the EUR over the last month or so has been nothing short of amazing as the...

Daily Forex WrapThe USD index recovers from its 5 day losing streak, while EUR/USD is weighed upon as the market looks forward to Greece’s sizeable debt repayments in June In what has been an...

Markets are off to a relatively subdued start to the week, with global equities edging lower and the US dollar ticking higher despite the lack of market-moving economic data. Probably the biggest...

AUD/USDMarket Scenario 1: Long positions above 0.8040 with target at 0.8086. Market Scenario 2: Short positions below 0.7993 with target at 0.7947. Comment: The pair has a bearish tone and trades near...

Last week was once again a bearish time for the US dollar which continued the longer term negative sentiment on the daily USDX chart, with the price breaking through the key platform of support in the...

EUR/NZDCurrently we are at 1.5374 and have probably put the left shoulder in play of a H&S pattern. We are looking for a continuation to the Resistance area at 1.5494 for the head part and then...