Forex Opinion & Analysis

EUR/USD continues to post losses this week, as the pair trades in the mid-1.35 range in the European session.  The euro has slid close to one cent so far this week, as the ECB has cut...

The market continues to scratch around for direction after last week’s European Central Bank meeting experienced a great deal of sound and fury for the EUR pairs for a few hours. It then...

USD/JPYOpen 102.54 High 102.65 Low 102.21 Close 102.52 On Monday USD/JPY decreased insignificantly with 25 pips. The currency couple depreciated from 102.65 to 102.37 yesterday, not matching the...

AUD/USD positive bias, aims for .9365/70 targets and above; .9410 is key A push up and setback from a final .9365 retrace barrier and topping line at .9370, ahead of the .9410 failure peak from...

EUR/USD fell to new low last week and hit 1.3500 where pair found a support as breakdown came out of a triangle placed in wave (iv). As such, leg down was wave (v), final leg of a five wave decline...

EUR/USD The pair dropped yesterday and Stochastic is showing a negative momentum as a long bearish candle was formed yesterday. Meanwhile, the pair failed to break the support 1.3580 and stabilize...

EUR/USD The euro’s recovery attempts off fresh low at 1.3502 remain limited under 1.37 resistance zone, Fibonacci 38.2% retracement of entire 1.3992/1.3502 descend. This keeps the first break...

Market BriefThe Chinese CPI accelerated at the faster pace of 2.5% y/y in May (vs. 2.4% exp. & 1.8% last), while the PPI y/y showed slower contraction during the same month (-1.4% in May, vs....

The US Dollar remained strong against the euro and the yen subsequent to the announcement of positive U.S. Non-Farm Payroll metrics issued on Friday, despite the fact that economists were predicting...

GBP/JPYDaily Pivots: (S1) 171.98; (P) 172.26; (R1) 172.52; Overall outlook in the GBP/JPY remains unchanged. The sideway consolidation pattern from 174.84 is still in progress and could extend...

US Dollar Gains Favored After Period of ConsolidationPrices are in consolidation mode after securing a key upside breakout three weeks ago. The first layer of significant resistance remains at...

The euro is quickly becoming the funding side of carry trades with its recent interest rate cut and future prospects. The Australian dollar has always been a likely target currency for the carry...

AUD/NZD is a cross which is not really heavily traded, but it’s time for a turn and traders should be paying close attention to this pair.The reason for it is the recent break out and the...

The AUD/USD unable to beat 2 month trend line resistance at 9370/75. A high for the day was expected in the 9360/70 area and as predicted the pair topped exactly here at 9363. The outlook this week is...