Forex Opinion & Analysis

The USD/JPY on both the daily and the weekly chart was what I referred to as the ‘patience trade’, a concept that we all struggle with from time to time. Trading, in whatever timeframe is...

US retail sales came in much stronger than expected — out at plus 0.6 percent, excluding autos and gas, versus the forecast plus 0.3 percent. This is also on top of an upward plus 0.3 percent...

EUR/USDContinued focus on the Federal Reserve’s monetary policy programme has shifted the USD forward today, pressing the greenback higher and lifting the USD-index about 80.00. Snowballing...

The U.S. dollar's reaction to the U.S. retail sales report was tempered by the sharp rise in jobless claims. Consumer spending rose at its fastest pace in 5 months but jobless claims hit its highest...

The euro approached its 2013 high of $1.3833 set back in October on Thursday after rising more than four percent since November 11. The common currency traded at $1.3785 at 7:45 GMT on Thursday...

EUR/USDEuro continues forming consolidation channel near its top. We think, today price may renew current top, because descending impulse, which was formed earlier, isn’t strong enough to...

USD/JPY has reversed directions in Thursday trading, as the pair has edged higher and is within striking distance of the 103 line. In economic news, Japanese releases were mixed. Core Machinery Orders...

EUR/USDCurrent level - 1.3783The recent high at 1.3811 was actually a test of the 1.3830 resistance area, so my outlook here is already bearish, for a break through 1.3740 crucial level, en route to...

The Aussie has continued its fall overnight, but is still just above the 0.9000 level after data was released that more workers were added but the unemployment rate is still creeping higher towards...

USDJPY broke lower as expected to our target 102.30/25 & as predicted a low for the day was seen here. We have seen a bounce but will need to beat 102.75 today to build on these gains. We can then...

Market Drivers for December 12, 2013 Aussie struggles despite improved labor data EU IP slips -1.1 vs. 0.4% eyed SNB leaves rates unchanged Nikkei -1.12% Europe -.31% Oil $97/bbl Gold...

USD/JPY broke lower as expected to our target 102.30/25 and as predicted a low for the day was seen here. We have seen a bounce but will need to beat 102.75 today to build on these gains. We can then...

USD/JPY holding below the 2013 high of 103.40, consolidating in the 103.00/102.15 range. The greenback has recovered some ground on Thursday following yesterday’s test of the bullish channel of...