Forex Opinion & Analysis

Quick currency trading update: A short position for the EUR/USD. Today, a lot of things are going on that may influence this pair. The ECB interest rate decision and monetary policy update. For the...

With US yields on the rise, one would expect the mighty dollar to get a leg up on its largest trading partner currencies. So far, that has not been the case. It has not been an easy time for the...

EUR/USDCurrent level - 1.3595The pair reached a new high at 1.3639, but the resistance at 1.3650 is still intact and I favor a reversal to initiate a slide for 1.3524, en route to 1.3398 support area....

It is a big day for central banks today: we start off in the UK with the Autumn Forecast statement due on the economic outlook and a preview of the government’s budget for the coming year. Then...

Market Drivers for December 5, 2013 Majors in tight ranges ahead of CB meetings Aussie trade balance worse Nikkei -1.50% Europe .19% Oil $97/bbl Gold $1233/oz. Europe and Asia AUD: Trade -.5M vs....

The US dollar rally attempt wilted quickly yesterday in the wake of a weak ISM non-manufacturing survey release, which drooped to a five-month low. This is an important survey for the strength of the...

Australia’s trade deficit increased more than expected in October to AUD 529 million, which points to softer economic performance as commodity exports declined. Western Australia continues to...

All eyes are on the ECB on Thursday with the market expecting a hold on rates, although Draghi has recently shocked the markets with a rate cut so there may be more surprises up his sleeve, although...

USD/JPY Open 102.39 High 102.84 Low 101.80 Close 102.30On Wednesday USD/JPY continued decreasing with 100 pips. The currency couple depreciated from 102.84 to 101.80 yesterday, matching the negative...

Gold unexpectedly broke all resistance to hit 1250. This week's candles formed a bottoming pattern so we should start to build a short term recovery to unwind the oversold scenario. Any weakness today...

Emini S&P bounced perfectly from our buying opportunity at 1784/83 to hit 1799, but then collapsed holding above a buying opportunity at 1774/72 where a low for the week is likely. Today below...

Yesterday’s data emphasis was placed on the services industries of the developed world. Arguably apart from Germany, in the developed world, services growth means overall growth. Without a...