Forex Opinion & Analysis

Dollar Suffers Critical Breakdown but Do Fundamentals Validate?The US dollar suffered a potentially serious blow to start this week. The greenback broke down against most counterparts in the opening...

Treasuries gained for a second day, but only marginally as seen from Benchmark 10Y prices, closing at 124.40 vs the 124.26 close of last Friday. The gains have been attributed to further speculation...

GBP/USD Open 1.5691 High 1.5733 Low 1.5609 Close 1.5689On Monday the GBP/USD continued increasing with 120 pips. The Cable appreciated from 1.5609 to 1.5733 yesterday, in line with the positive money...

Cable is looking stronger again after virtually reaching 1.5735 target. There has been little correction and this shows that a break of 1.5735 is likely and leaves 1.5752 as your first target with...

AUD/USD bases through .9235 to aim for .9315/45, maybe .9520 through mid-SeptemberHaving switched to a short-term neutral tone with the reversal above the critical down trend line from April, the push...

A disastrous day, I had everything planned for the Europeans. The USD/CHF was a little puzzling. I went to bed, and upon awakening saw my plans wrecked. That’s the bad news. The good news is...

If it can fall to the support level identified and the candlesticks suggest a reversal, I'll look to go long.Original post

GBP/USD for Tuesday, September 10, 2013Throughout the last few weeks the GBP/USD has slowly but surely drifted lower away from the resistance level 1.57 and back down below 1.55, however in the last...

AUD/USD for Tuesday, September 10, 2013Throughout last week the AUD/USD moved strongly from below 0.90 on its way to a three week high close to 0.92. To finish out last week it was able to continue on...

EUR/USD for Tuesday, September 10, 2013For the last couple of weeks the Euro has fallen strongly away from the resistance level at 1.34 back to below the support level at 1.32 and in doing so traded...

The British pound continues to climb higher in Monday trading. GBP/USD has gained about one cent on the day, and is trading in the low-1.57 range in the North American session. The pound has taken...

The Canadian dollar continues to improve against its US counterpart. Early in Monday’s North American session, USD/CAD is trading in the mid-1.03 range. The Canadian dollar received a boost from...