Forex Opinion & Analysis

EUR/USDEUR/USD traded lower this morning as market participants pre-positioned ahead of the eagerly awaited ECB meeting on Thursday when the governing council is widely expected to cut the benchmark...

Decided to look at the Australian stock market today: there's a pretty strong impulsive rally that should move even higher, as we need five waves from early April low. Are you wondering how this will...

Currently we are at 1.0106 and testing a break of the bottom. A break here would target the S4 and Support at 1.0050 area. We could get a bounce and retracement to the S3 at 1.0152 then a continuation...

The week began quite calmly for the loonie. However, a rebound in prices for oil and other commodities that occurred around Wednesday helped drive our dollar up 100 basis points on the week. We should...

Yesterday’s session was definitely bullish, but besides breaking last week’s maximums, it did not bring any significant answers about the possible end of the recent side trend. Tuesday...

Last week, we wrote about the bearish movement on the EUR/GBP that was triggered by the big head-and-shoulders formation that ended the bullish correction. The biggest fall occurred last Thursday and...

EUR/USD and USD/JPY refuse to commit directionally with the onslaught of event risks in the days ahead. We’ve got interesting set-up data today from the U.S. as well with Consumer Confidence and...

The USD/JPY pair retraced from its minor resistance level which given in yesterday's analysis. The price action is trading within the symmetrical triangle on a 30 minute time frame. If this pattern...

More poor data out of the U.S. has the USD on the defensive as the market begins to price in a dovish FOMC. With the EUR/USD pulling to the highest levels in almost two weeks, let's at the possible...

EUR/USD - European SessionThe pair is gradually moving to the upside, currently trading around 38.2% correction at 1.3115 as shown on graph. The upside move might extend during today’s session,...

EUR/USDThe euro gained against the greenback after Italy finally formed a coalition ending its two-month political impasse. Enrico Letta was sworn in as Italy’s Prime Minister after forging an...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.96; (P) 151.59; (R1) 152.14;Intraday bias in GBP/JPY remains mildly on the downside for 149.97 and below, as consolidation from 153.86 extends. But downside...

Overnight we may have seen the first real signs that the Japanese experiment with ultra-loose monetary policy may be starting to reap some rewards. Japanese manufacturing PMI rose to its highest level...