Forex Opinion & Analysis

Currently we are at 0.8261 after the break north of the support. We are looking for a bearish continuation to the S4/5 .0214 Fibonacci area at 0.8206-33. The average daily true range (ATR) for the...

The euro traded steadily below $1.3602 at 5:15 GMT on Monday morning as investors weighed in on Italian central banker Ignazio Visco's weekend comments.   On Sunday, Reuters reported that Visco...

AUDUSD returned to support at 9065/60 & just held on here as we bottomed at 9052. We are oversold & this should now signal an end to the 5 week sell off. Today if we can hold above 9140 we...

The dollar continues to post gains against the yen in Monday trading, as the USD/JPY trades in the high-102 range. The pair has climbed about 150 points in less than a week, as the yen trades at its...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.03; (P) 167.46; (R1) 168.08;The GBP/JPY's rally continues today and reaches as high as 168.53 so far. Intraday bias remains on the upside for 100%...

The new month started very optimistic for the NZD/JPY, and the movement for the early hours of trading changed the short term sentiment into positive. For the whole of November, the price was in the...

The last few days were rather lazy on the main pair on the Forex market. It is mainly due to the Thanksgiving and Black Friday at the end of the previous week. Technically, we should currently be...

The euro has lost ground in Monday trading, following the release of a weak Spanish Manufacturing PMI. In the European session, the pair has dropped to the mid-1.35 range. In other Eurozone releases,...

Market Drivers for December 2, 2013 Cable over 1.6400 as UK Manufacturing PMI beats USD/JPY hits 6 month highs Nikkei -0.04% Europe -0.22% Oil $92/bbl Gold $1238/oz. Europe and AsiaAUD: Co Operating...

Monday saw the BOJ Governor Kuroda on the wires, although the sense is that the market is already fully updated on Japanese monetary policy at the moment regardless of how doveish his comments are, so...

The GBP/USD broke to a new high as expected after we identified end of a corrective retracement at 1.5850. As such, we are now tracking a new impulse leg up with can be wave C, final part of a double...