Forex Opinion & Analysis

Market Drivers for June 24, 2013Worries about liquidity in China send Asian stocks lower, AUD/USD tests 9150IFO basically in line creating minor selloff in EUR/USDNikkei -1.28% Europe - 1.12%Oil...

Euros dipped below the medium term 50% fib level and trendline support but we closed above both of these areas and today we may well see a correction. Back above 1.3145 will confirm, and from here we...

EUR/USD - Weekly ReportMonday trading kick started with a downside bias to trade below 1.3115 levels. We cannot bet on extending bearishness until the end of the week, where 1.2970 levels represent...

The EUR/USD pair has found support from the 50-day Moving Average at today's lows, and has rebounded. The support is so tough it will probably lead to a strong correction. Apart from the 50-day MA,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.76; (P) 150.84; (R1) 151.93;A further rally is mildly in favor in the GBP/JPY to 154.22 resistance. A break will confirm that correction from 156.77 has...

USD/JPY Open 98.38 High 98.71 Low 96.84 Close 97.88On Friday, the USD/JPY continued increasing with 130 pip range. The currency couple appreciated from 96.84 to 98.14 on Friday, matching the positive...

Bull CaseThe USD/JPY pair has broken the symmetrical triangle pattern to the upside on a 30 minute time frame. If this pattern plays out completely, it could easily push the price towards the 99.93...

It seems clear that the summer markets will be governed by three main strands of fear that have become apparent in the past week or so.The most obvious is the fear that the Federal Reserve will...

EUR/USDEuropean Union leaders will this week attempt to stave off a resurgence of market tremors, after talks on setting up unified banking rules broke down. Negotiations among the 27-member...

Most Asian indices traded lower after Goldman Sachs cut its growth forecast for China, amid concern of a cash crunch in the world’s second-largest economy. The German Ifo Business climate is the...

As you can see from the following trade opportunity alert that I received recently for EUR/JPY, this pair is expected to rise toward the Key Resistance Level 131.41 (of the type Approach) in the next...

GBP/USD Open 1.5385 High 1.5532 Low 1.5345 Close 1.5413On Friday, the GBP/USD resumed decreasing with 165 pips. The Cable depreciated from 1.5532 to 1.5367 on Friday, in line with the negative money...

The U.S. Dollar traded significantly stronger against the majors as the chairman of the Federal Reserve, Ben Bernanke, indicated that the central bank may begin scaling back on monthly asset purchases...