Forex Opinion & Analysis

USD/JPY (daily chart) has advanced to hit its key 100.00-level resistance target in early trading Thursday, establishing a two-month high for the pair. This occurs within a trading range consolidation...

XAU/USD Spot Gold enters near-term corrective phase off fresh low at 1261, posted on 12/11. Bounce to 1288 so far, regained Important barriers at 1285/87 zone and retraced over 38.2% of 1325/1261...

AUD/NZD The cross remains under pressure and extends losses after the price broke below consolidative phase floor and near-term base at 1.1300. Extension of downleg from commenced at 1.1576, 28/10...

AUD/USD The pair corrects recent losses that posted fresh low at 0.9269. The bounce is lacking strength for regain of significant barrier at 0.9400, and psychological resistance at 50% retracement...

USD/JPY The pair regained strength and retest previous highs at 99.80, after corrective pullback found footstep above psychological 99.00 support. Fresh bulls attempt again above bear-trendline...

EURUSD eventually beat 1.3455 for a selling opportunity at 1.3495/3505 & we topped exactly here. Look for a test of support at 1.3450/45 for profit taking on at least some shorts then 1.3425/20...

EUR/JPY The pair continues to trend higher, as extension of the uptrend from 131.20, 07/11 low, cleared 134.00/25 barriers. The price approaches 134.44, with a Fibonacci 76.4% of 135.44/131.20...

Despite November being the month of the American dollar, the Cable remained strong on relatively high levels, especially when compared to the EUR/USD. The reason for this situation is mainly the good...

Today’s number one topic is Janet Yellen’s testimony, and traders will try to anticipate what kind of comment the new head of the FED will give; “hawkish” or...

Janet Yellen’s introductory remarks were released overnight by the US Federal Reserve, and caught weak USD longs offguard as the remarks somewhat confirmed fears of Yellen’s dovishness....

Japan’s Q3 preliminary GDP estimate showed that the economy grew by 0.5 percent, and although the figure came out ahead of market expectations, growth slowed from 0.9 percent in Q2 (down 1.9...

Market Drivers for November 14, 2013 USD/JPY takes out barriers at 100.00 UK Retail Sales miss on warmer weather Nikkei 2.12% Europe .94% Oil $93/bbl Gold $1283/oz. Europe and AsiaJPY: IP 1.3% vs....