Forex Opinion & Analysis

EUR/USD has edged higher in Friday trading, as the pair trades slightly above the 1.36 line. Eurozone numbers were weak, as German Retail Sales declined 0.8% in October. French Consumer Spending also...

EURUSD is now testing resistance at 1.3625/30 & is just sitting above the upward sloping trend line at 1.3590 today. This is the last hurdle & a close above 1.3630 today is positive for next...

The yen had a roller-coaster ride in Friday’s Asian session, briefly falling to a 5-year low against the euro and dropping to a new six-month low against the dollar but was able to trim losses...

There is growing reason to be suspicious of the current state of dollar weakness, which has now failed to really appear in any meaningful way overall, save for a few exceptions. True, the European...

AUD/USD is again at the lows but we see very slow and choppy price action at the lows so we suspect that wave B), which is a corrective leg, is still unfolding. A strong bullish divergence on the RSI...

U.S. Dollar Rallies Against Yen & EuroThe U.S. Dollar traded to the upside and hit a six-month high against the Yen while advancing against the Euro, as the U.S. market was closed for the...

EUR/USD - European SessionThe pair extended the positive trading, whereas it approached 61.8% correction at 1.3625 – 1.3630. The possibility of extending the upside move is valid today but the...

Thoughts on GBP/USD. Currently long from 1.6000 but looking to short.Not quite as nice as EUR/USD as normal but again with some minor Retail Buying its about time to close longs and look for shorts in...

Some interesting moves over the Thanksgiving holiday in EUR/USD has caused us to close out our longs from 1.3427 for 170 pips + and enter short.Key reason as always is how the Retail Order book is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 166.32; (P) 166.81; (R1) 167.67;The GBP/JPY's rally continues today and reaches as high as 167.89 so far. Intraday bias remains on the upside for 168.11 long...

EUR/USDThe shared currency climbed for a third day against the dollar as separate reports showed consumer-price growth in the German states of Saxony and North Rhine-Westphalia increased for the first...

Cable near enough reached target area of 1.6379 at 1.6375. So, it was close enough for longs to liquidate position and sit back and wait for the next move. Support from Daily Pivot and the short term...