Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.50; (P) 157.83; (R1) 158.34;Intraday bias in the GBP/JPY remains neutral for the moment. Outlook is unchanged before breakout from 154.72/159.52 range. Near...

USD/JPY hit 9860 target with all longs covered. We do think we go higher on USD/JPY overall but there is a chance of further correction. We have the first short term fib located at 9827 and we have...

USD/CAD is showing little change on Wednesday. The pair continues to trade in the mid-1.04 range in Wednesday's North American session. In economic news, it was another bad day for US releases, as ADP...

AUD/USD has edged higher in Wednesday trading, reversing the downward trend we've seen since the start of the week. Early in Wednesday's North American session, the pair is trading just shy of the...

After 2 major events within the past 12 hours, we're back to square one where the Kiwi is currently trading around 0.825, similar to when yesterday's analysis was made. Prices continue to trade mostly...

Dollar Gains Post FOMC but Trend Not Yet Set Until S&P 500 Collapses The Fed tried to remain noncommittal to deter speculation, but instead set the traders to believe their own bias was set too...

Wednesday’s forecast headed in our direction for the most part, especially EUR/USD, GBP/USD, USD/CAD and USD/CHF. As we had thought US dollar did gain strength against many pairs. On the other...

Caution is key this morning, as we await Ben Bernanke's statement that will accompany the Fed's key rate decision at 2 p.m. No changes are expected to the QE3 bond purchasing program, and a dovish...

EUR/USD Open 1.3722 High 1.3789 Low 1.3695 Close 1.3730On Wednesday the EUR/USD decreased with 90 pips. The European currency depreciated from 1.3789 to 1.3695 yesterday, matching the negative money...

EUR/USD made it towards 1.3790/95 and topped almost exactly here, then broke lower to strong support at 1.3700/3694 which held the downside perfectly as expected. The bounce meets resistance at...