Forex Opinion & Analysis

FOMC minutes showed broad support for the taper of asset purchases by the Fed, but the US news on Wednesday failed to break out with a retracement overnight instead in some key European pairs....

Market prices remains relatively contained despite this weeks scheduled event risk releases. Investors have yet to find firm footing in the second week of the New Year. However, this mornings show and...

The previous analysis highlighted how 0.8820 was the line in the sand for bullish and bearish on the primary trend and which still remains. However we have since broken out of the suspected wedge...

Market Drivers January 9, 2014EUR/USD steady despite rumors of rate cut by ECBUK Trade improvesNikkei -1.50% Europe .46%Oil $92/bblGold $1226/oz.Europe and Asia:AUD Retail Sales 0.7% vs. 0.5%CNY PPI...

The official bank rate will also be shown today in the UK. Ahead of this data, the Cable stays relatively strong and continues the upswing that started on Monday. In the bigger timeframe, we are in...

Yesterday’s Federal Reserve minutes were not much of a market mover but the general gist of caution that we had expected from the FOMC was evident both from a balance sheet and a rate...

EUR/USDThe euro dropped as the dollar saw hefty demand on Wednesday after a private-sector December jobs report blew past expectations and fanned market expectations for the Federal Reserve to wind...

USD/JPY Open 104.81 High 105.13 Low 104.64 Close 104.79On Wednesday the USD/JPY traded within 50 pip range. The currency couple appreciated from 104.64 to 105.13 yesterday, matching the positive money...

European SessionEUR/USD The pair dropped yesterday touching levels below 1.350 achieving the suggested stop-loss. The pair failed to stabilize below the referred to level and is trading again above...

EURUSD – Long Term Trendline Holds Upside In Check Last week in our EURUSD 2014 Currency Market Outlook we suggested bearish traders to look for sell signals below the long term trendline that...

EUR/USD The euro extended near-term weakness from 1.3892 peak, to test strong support of bull-trendline off 1.2754 low and Daily Ichimoku cloud top at 1.3550 zone. The support contained bears for...