Forex Opinion & Analysis

We can see some USD strength at the start of this European morning coming back into the market which has been expected based on the latest intraday price action. We were looking for a three wave move...

The dollar had a good week last week, particularly against the commodity currencies. The biggest loser in the G10 was the NZD, which dropped 3.7% vs USD, followed by AUD, down about 2%. NOK and CAD...

10Y Benchmark Treasury Note prices rallied on Friday following a much weaker than expected US Housing Sales figures, which pushed USD weaker and Gold higher. Speculators bet that this heavy miss would...

The Japanese yen was stronger against most currencies through the European session as USD/JPY fell to ¥98.43, EUR/JPY came off to ¥131.71, GBP/JPY backtracked to ¥153.27, and AUD/JPY sank...

Singapore July Industrial Output gained 2.7% Y/Y vs Reuters poll with a 1.2% consensus estimate. However, the rest of the numbers aren’t so rosy beneath the headline figure. Pharmaceutical...

Market CommentaryThe US Dollar is trading flat across the board as most of the FX pairs are at their respective medium term resistances resulting in the Dollar Index (DX) trading flat at 81.40 ranges;...

The U.S. Dollar declined versus the Euro and the Yen at the end of last week after soft economic reports out of the U.S. revealed that New Home Sales fell the most in in over three years. This lowered...

USD/JPY strong resistance at 99.30/ 99.95 to capA better rebound effort than anticipated late last week, but still capped below the topping line from May, now 99.30 and August chart peak 99.95.This...

GBP/JPY Daily Pivots: (S1) 153.17; (P) 153.91; (R1) 154.41; Further rise is still mildly in favor in GBP/JPY with 151.73 minor support intact. Note again that consolidation from 156.77 is still in...

WHAT IS THE FED GOING TO DO...?After the minutes of the Federal Reserve have expressed all the possible uncertainty about the evolution of the U.S. monetary policy in the coming months, the macro data...

EUR/USDThe European Central Bank Governing Council members split over whether scope remains for further interest-rate cuts as evidence mounts that the euro-area economy is on the mend. Policy makers...

Autochartist recently identified the strong Key Resistance Level 154.80 (of the type Approach) on the daily GBP/JPY charts – as you can see from the following trade opportunity alert for this...

AUD/USDBIAS: This still seems to have potential to 0.9056-82 before lower againResistance: 0.9049-56, 0.9082, 0.9097, 0.9117Support: 0.9017, 0.8990-95, 0.8970, 0.8951MAIN ANALYSIS: Friday saw limited...