Forex Opinion & Analysis

Market Drivers for May 12, 2014 NAB Business Confidence 6 vs. 4 EUR/GBP hits yearly lows Nikkei -.35% Europe .14% Oil $100/bbl Gold $1290/oz. Europe and AsiaJPY: Current Account -0.78T vs. -0.54TAUD:...

EUR/USD The euro fell to 1.3750 zone, ending the week in red and erased all gains of last week, following false break above 1.39 Resistanceistance zone and upside rejection on approach to 1.40...

EUR/USD Main scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.3810, which will be followed by reaching support...

EUR/USD The sharp drop of last week broke the bullish key support 1.3780 of the upside move as showing on graph, pushing the pair to stabilize below Linear Regression Indicator 34 and 55.During this...

GBP/JPY Daily Pivots: (S1) 171.03; (P) 171.66; (R1) 172.11; Intraday bias in the GBP/JPY remains mildly on the downside in spite of recovery in Asian session. The current development suggests that...

Market BriefThe FX markets opened in the continuation of last week dynamics. The referendum in Eastern Ukraine, considerably against Kiev, didn’t have a significantly impact on the market...

The anticipated upside break of the inverted H&S has been dragging it's heels, to the point that it now appears to have morphed into a potential Ascending Triangle.VIEW PREVIOUS ANALYSIS I have...

EUR/USDThe euro extended losses against the dollar into a second session on Friday, falling to a one-month low at the close, one day after the European Central Bank flagged possible monetary easing as...

EUR/USD bear bias for 1.3715/10 and key 1.3675 support targetsA notable erosion to end the week, reinforcing the aggressive bearish outside Thursday pattern from a new recovery peak back from...

Surprisingly today we don’t have any fundamental news items coming out that could fuel market movements, it would be interesting to see what can happen during the course of the day....

Cable broke the 1.6900 barrier and headed to our target of 1.6845. We have a bit of resistance at 1.6866/80 and we have to negotiate our way past this point before we can see further strength. If we...

The US Dollar rallied against several Forex majors including safe harbors like the Swiss Franc and the Yen on the possibility that the Ukraine and Russia could reach a peaceful accord. However,...