Forex Opinion & Analysis

The US dollar retraced slightly against the yen in the Asian session but is still hovering near a two-month high. The greenback is being broadly supported by renewed views of Fed tapering after a...

Tuesday’s return to trading desks in the US, France and Canada saw a return to some reasonable volume to get things moving again. UK CPI came in much lower than expected which saw some GBP/USD...

Today was really all about the Pound and the CPI and PPI data out of the UK. Early trading saw the pound take a tumble on an expected lower figure only for that to be confirmed and the pair push...

Japan is a global economic powerhouse, and also one of my most favourite currencies to watch as a trader and researcher. Over the last 50 years, the Japanese economy has been transformed heavily and...

Tuesday’s forecast was a bit of a turmoil, we did have a sidelined market, only the EUR/JPY behaved close to what we had thought possible. All the other pairs did not respect our blue zones and...

Hourly ChartThe downtrend in AUD/USD continues, and was accelerated during US session yesterday on a sudden surge in USD gains due to yet another Fed Tapering speculative play. However, prices in...

Hourly ChartDespite USD strengthening yesterday on QE taper speculation, EUR/USD actually climbed higher D/D, showing the strong underlying bullish sentiment in EUR/USD. The gains came in during early...

EUR/USD Open 1.3437 High 1.3457 Low 1.3358 Close 1.3433On Tuesday EUR/USD increased with 100 pips. The European currency appreciated from 1.3358 to 1.3457 yesterday, matching the positive money flow...

Sweden: Back to deflationThe dollar was higher Tuesday morning in Europe against all its G10 counterparts. The main loser was the Swedish Krone recording loses of more than 1% against the US currency....

Today we have an interesting opportunity for EUR/AUD as I think the pair is still trading inside a range and currently approaching a critical resistance on the daily chart as shown below. So, I think...

Q3 of 2013 marked a peak and reversal of direction for the dollar. The notable strength in the dollar during Q2 turned into an equally prominent weakness in Q3 compared to a basket of foreign...