Forex Opinion & Analysis

The EUR/USD opened yesterday with a big bullish gap that was a result of Summers’ decision to not participate in the race for the FED Chairman position. Summers was considered hawkish so his...

The USD/JPY has some difficulties in continuing the upswing which was started in the beginning of September, triggered by the bullish breakout from the long-term triangle formation. Till the 11th of...

EUR/USD (daily chart) has stalled after a bullish leg originating from the 1.3100-area low in early September advanced the currency pair to break out above the 1.3300 resistance level and most...

The USD/JPY stays in a upward price channel on the 4-hour chart, and remains in uptrend from 95.81. The fall from 100.60 could be treated as consolidation of the uptrend. As long as the channel...

Market Review - 17/09/2013 22:24GMT The single currency rose against other currencies in European session on Tuesday after the release strong German ZEW economic sentiment. However, the euro pared...

Don't Count on the Dollar Rising Post FOMCGBP: Will BoE Minutes Contain A More Optimistic Tone?EUR: Strongest Investor Confidence In 3 YearsAUD Shrugs Off RBA MinutesNZD At Strongest Level Since...

Near Term EUR/USD OutlookThe market continues higher from the Sept-6 low at 1.3105. Though there is no confirmation of even a shorter term top so far (5 waves down on nearer-term chart for example),...

USD/CAD is not showing much movement in Tuesday trading. In the North American session, the pair is trading just below the 1.03 line. The markets are eagerly awaiting the FOMC Statement, which will be...

Currency markets are slowing down in anticipation of a major risk event of the year, which is the much anticipated Federal Open Market Committee announcement on Wednesday. Many investors are focusing...

AUD/USD has posted modest gains against the US dollar in Tuesday trading. The pair is trading in the mid-0.93 range in the European session. Earlier, minutes of the RBA’s last policy meeting...

The dollar selling frenzy that happened on Monday in reaction to the announcement of Larry Summers withdrawing his candidacy to be the next Fed chairman has eased and we have seen a reversal since the...

The U.S. dollar continued to trade lower against all of the major currencies this morning with the exception of the Japanese Yen. While the lack of big moves in the FX market suggests that traders are...

Currently we are at 0.9354 after bouncing on the trend. We are looking for a bullish continuation to the Day chart DOWN trend line area at 0.9403. Watch for profit taking there. The average daily true...

EUR/USDThe pair finished the session higher, supported by a weaker USD and also the release of an encouraging ZEW survey. The USD was primarily weighed on by market participants squaring positions...