Forex Opinion & Analysis

The FX markets played second fiddle to the equity markets as Asian bourses followed the Dow into the red. Early taper concerns from the Federal Reserve looked to initiate profit taking ahead of...

Market Drivers for December 4, 2013 Australian GDP misses sending Aussie below 9050 UK PMI Services misses slightly Nikkei -2.17% Europe .35% Oil $97/bbl Gold $1216/oz. Europe and Asia AUD: AIG...

Yesterday was very technical for the Kiwi. At the end of the American session, the price was testing the 0.8260 resistance, which was an important level for all the sellers. The resistance was...

The past two days did not bring any significant change in the EUR/USD. After a downswing on Monday, the price went up yesterday, and again the Wednesday session starts in the same place where the new...

USD/JPY Open 102.31 High 103.38 Low 101.96 Close 102.48On Tuesday the USD/JPY decreased significantly with 140 pips. The currency couple depreciated from 103.38 to 101.96 yesterday, not matching the...

Market SnapshotAUD: The cash rate remained fixed at 2.5% with yesterday's RBS Statement providing little insight other than the AUD is still "uncomfortably high". Today's GDP QoQ came in less than...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.77; (P) 168.28; (R1) 168.84;With 166.84 minor support intact, further rally in GBP/JPY cannot be ruled out. But break of 166.84 will be an early sign of...

Tuesday was quite busy in the markets fundamentally, with Spanish Unemployment Change coming in much better than forecast at -2.5K vs 49.3K and UK Construction PMI also posting a very bullish print at...

Hourly ChartUSD/INR is currently trading around the closing levels of last Friday, but that does not mean that prices have been staying stagnant. Price has actually been highly volatile, dipping...

Australia’s third-quarter GDP numbers came in weaker than expected, with a confusing mix of quarter-on-quarter numbers that disappointed by minus 0.1 percent after a plus 0.1 percent revision to...

USDCAD bull threat to key 1.0805/54 targetsA still more robust advance to start the month and a far more bullish statement, with the Tuesday push through a key 2011 spike high at 1.0657. The break...

EUR/USD - European SessionThe pair inched higher consolidating above 50% correction again around 1.3560 close to support 1.3555 levels that will be the intraday interval today. There is a possibility...

Euro continues to pile higher against the USD and JPY before the ECB meeting tomorrow, with markets seemingly less worried by the recent news around disinflation and potential outright deflation. A...