Forex Opinion & Analysis

China's policy of gradual appreciation of its currency has been put on hold. Since the currency is not freely convertible, the authorities generally have a great deal of influence over the exchange...

Thursday’s forecasts went in our direction for the most part, in fact all pairs behaved close to what was thought possible. As suspected on most pairs it failed to reach our blue zone. Today I...

Previously we had shorted USD/CAD at 1.0513. After FOMC minutes were announced, USD weakened across the board. USD/CAD plunged and we would like to take profit on this trade. Closed USD/CAD at...

The initial panic over, but that doesn't rule out more panic. That depends on whether the market remembers what it did the night before, and there are signs there’s quite a mess to pick through....

Daily FX Market Roundup 07-11-13EUR – The Ugliest of Them All?Sterling is Day’s Best PerformerAUD – Case for RBA Easing GrowsCAD – Extends Gains Despite Pullback in OilNZD...

Over the past 24 hours, the U.S. dollar sold off aggressively against many of the major currencies but rather than looking at this as a potential top for the greenback, investors are approaching the...

On Friday, July 12, the AUD/USD failed to break above 0.9344 key resistance, and remained in a trading range between 0.9037 and 0.9344. As long as 0.9344 resistance held, the price action in the range...

Market Review - 11/07/2013 22:39GMT Dollar tanks on dovish comments from Fed's Bernanke before rebound The greenback tumbled against other currencies in Australia on Thursday as Federal Reserve...

EUR/USD has pulled back to hit a low around the key 1.3000 support, today, after yesterday’s dramatic surge that shot the price up from a low below 1.2800 support to a high near 1.3200. That...

The Japanese yen is the strongest currency following the Bernanke speech Wednesday while commodity currencies are the weakest.The reason for the strong JPY is higher US bonds/lower yields. On the...

EUR/USDAfter opening below the 50- and the 100-DMA lines, the USD index is trading higher by around 0.4% as market participants were seen taking advantage of the sharp rally staged by EUR/USD and...

Currently we are at 129.58 in a wedge. Despite yesterday’s volatility the pair was still not able to start the 5th wave. We are looking for a bullish continuation to the R6 at 131.16 with the...

USD/JPY has most probably completed the upward move that started at 93.79 and ended at 101.53. Yesterday, prices broke out of the upward sloping trend channel and plummeted as low as the 38% Fibonacci...