Forex Opinion & Analysis

Forex News and Events: In an interesting turn of events this week, US housing market data has surprised to the upside. NAHB housing market index strength was quickly followed with heavy USD buying....

The U.S. Dollar rallied against the majors as the gauge which measures Homebuilder Confidence in the U.S. rose to the highest level in seven months. The data also raised speculation that the central...

Currencies The euro continues its bearish trend against the dollar, reaching a new 9-month low at 1.3302. The single currency continues to be under pressure as the European PMI will be announced...

The dollar was up against almost every currency we track over the last 24 hours. Yesterday’s announcement of much stronger-than-expected housing starts and building permits for July, coming...

USD/JPY Open 102.91 High 103.34 Low 102.51 Close 102.89On Tuesday the USD/JPY continued increasing with 45 pips. The currency couple appreciated from 102.51 to 102.95 yesterday, matching the positive...

Market BriefVolatility has begun to creep into FX markets as traders refocus on economic fundamentals rather than geopolitical risks. Asia's regional indices were broadly higher (extension of US...

EUR/USD The euro has eventually broken near-term base and consolidation bottom, signaling Resistanceumption of larger downtrend, as the price tested psychological 1.3300 Supportport. Studies on all...

The US Dollar outperformed most major counterparts and extended gains versus the euro to reach a new 9-month high after upbeat US housing starts numbers the previous day boosted the greenback. The...

Talking Points:NZD/USD Technical Strategy: Flat Support: 0.8470, 0.8508-25, 0.8571 Resistance:0.8509-22, 0.8571, 0.8621 The New Zealand dollar moved lower anew against its US counterpart, with sellers...

Talking Points:GBP/JPY Technical Strategy: Flat Support: 170.94, 170.50, 169.78-9 Resistance: 171.58, 172.30, 172.88 The British pound declined against the Japanese yen as expected after putting in a...

Talking Points:AUD/USD Technical Strategy: Flat Support:0.9301, 0.9277, 0.9263 Resistance: 0.9340, 0.9371, 0.9403 The Australian dollar advanced as expected against its US counterpart, confirming the...

Talking Points:EUR/JPY Technical Strategy: Flat Support: 136.22-27, 135.55, 135.18 Resistance:137.62, 138.80, 139.75 The euro is trying to build higher against the Japanese yen as expected after...