Forex Opinion & Analysis

The GBP/USD has made a modest pullback since the beginning of 2014 after hitting a 2+ year high at 1.6602 on the first day of the year. That high was reached in the midst of an exceptionally strong...

The U.S. dollar traded sharply lower against all of the major currencies on the back of the shockingly weak non-farm payrolls report. December was the worst month for payrolls since January 2011 with...

EUR/USDThe release of worse than expected jobs report by the BLS on Friday which in turn resulted in broad based USD weakness ensured that the pair was able to recover losses made earlier in the week...

EUR/USDEuro is forming another ascending impulse, which may be considered as the beginning of reversal structure for new ascending movement. We think, today price may break descending channel and...

Post NFP- Negative effect ( watch the Whipsaws): Currently we are at 1.6481. This is a 2 part trade opportunity. 1) We are looking for a bullish continuation to the Resistance area @ 1.6516 and 2) the...

European Central Bank President Mario Draghi did what he could do talk the euro lower and talk ECB policy in a dovish direction at yesterday’s press conference, but perhaps the lack of specifics...

EUR/USD has edged lower in Friday trading, as the pair trades just below the 1.36 line in what has been an uneventful week. In the Eurozone, French Industrial Production surprised with a strong of...

EUR/USD Today’s support: - 1.3545(main), where correction is possible. Break would give 1.3521, where correction also may be. Then follows 1.3500. Break of the latter would result in 1.3486. If...

One of the common themes in 2014 that we pointed to as important for rates was the divergence of monetary policy paths between the various G10 central banks. We got a slight hint of it yesterday with...

The EUR/USD is holding above the daily pivot at 1.3596. Now we did produce quite a nice bounce yesterday, and as we held onto some good support there is every reason to think that the euro will trade...

EUR/USDThe euro gained against the dollar on Thursday as investors cooled dollar demand ahead of the release of the December jobs report on Friday, ending gains stemming from hawkish Federal Reserve...

The common currency has stabilized in the last few hours just above 1.3600 level, as activity in the currency market remains calm ahead of the release of the US non-farm payrolls report later today....

EUR/JPY continues to rise in the direction of the key resistance level 143.37 (of the type Approach) –that was earlier identified by Autochartist on the hourly charts – as you can see from...