Forex Opinion & Analysis

Market Drivers October 30, 2013 Nowotny hints that more liquidity is coming, pushes euro lower Aussie rallies to 9500 on better housing data Nikkei -1.20% Europe -0.06% Oil $96/bbl Gold...

USD/JPY Open 98.46 High 98.68 Low 98.00 Close 98.42On Wednesday the USD/JPY increased with 65 pips. The currency couple appreciated from 98.00 to 98.68 yesterday, matching the positive money flow...

USD was well bid during the North American trading session after the Federal Open Market Committee (FOMC) concluded its two-day meeting with a decision to continue its current pace of asset purchases,...

The Federal Open Market Committee was ideal for testing market sentiment, as the new statement saw the US Federal Reserve effectively maintaining “radio silence” for now. The only...

Main scenario:The pair is trading along an downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.6070, which will be followed by reaching support level...

Last night’s Federal Reserve meeting met expectations in that it has not clarified anyone’s thinking on when the Fed will begin its gradual reduction in asset purchases. There was never...

General Market Commentary: Volatility was the name of the game yesterday as price spiked in both directions on most pairs but failed to make any major move in one direction. The US dollar remains...

EUR/USDTrading range: 1.3725 - 1.3655Trend: NeutralSell at 1.3715 SL 1.3747 TP 1.3665USD/JPYTrading range: 98.10 - 98.80Trend: NeutralBuy at 98.22 SL 97.90 TP 98.67 GBP/USDTrading range: 1.6055 -...

EUR/USD - European SessionThe pair is trading to the downside and broke 1.3710 levels shown on graph, in addition to trading around the minor support level 1.3690. Stability below 1.3710 might trigger...

The yen gained against the euro and US dollar in today’s Asian session after the Bank of Japan announced it maintained its current monetary stimulus program. The central bank’s governor,...

GBP/USD Open 1.6022 High 1.6088 Low 1.5996 Close 1.6033On Wednesday GBP/USD decreased with 90 pips. The Cable depreciated from 1.6088 to 1.5996 yesterday, in line with the negative money flow...

Market CommentaryThe Dollar Index (DX) again finds support at the historic support of 79.00 ranges on the event of Fed indicating that it may start tapering of bond buying sooner or later. The Euro is...

EUR/USDThe euro lost for a fourth day against the dollar before U.S. data forecast to show jobless claims decreased and manufacturing expanded for a fifth month and after the Federal Reserve said it...