Forex Opinion & Analysis

In spite of all the recent stimulus talk, Bank of Japan continues to battle deflation. NY Times: - Deflation remains firmly entrenched in Japan, figures showed Friday, as the central bank projected...

EUR/USD Open 1.3005 High 1.3093 Low 1.2988 Close 1.3008On Thursday Euro/Dollar traded within 105 pip range. The European currency depreciated from 1.3093 to 1.2988 yesterday, not matching the positive...

EUR/USD stayed within a downward price channel on 4-hour chart, and remains in downtrend from 1.3201. Resistance is at the upper line of the channel, as long as the channel resistance holds, the...

Trading foreign currencies, or forex, has been a phenomenon for the past decade, garnering popularity across the globe as droves of investors tried their hand at this relatively new medium. Previously...

Will USD/JPY Break 100 On BoJ Events?USD: Lofty Expectations For Q1 GDPEUR: Driven Lower By Rate-Cut CallsGBP: Triple-Dip Recession AvoidedCAD Soars On Positive Keystone Pipeline DevelopmentsNZD:...

The price action in the foreign exchange market is disappointing. Early on in North America the euro approached the lower end of our initial target of $1.3000-30, but tcame off hard to record new...

EUR/USD and USD/JPY continued to reject the 1.30 and 100 level respectively despite solid U.S. jobless claims numbers that should have been positive for risk. Unfortunately, for EUR/USD, stronger U.S....

EUR/USDTechnically, EUR/USD is looking to reclaim 1.3079 level, the mid-point of the latest sell-off, which once broken to the upside opens up 1.3202, last week's high. Above, there is a strong...

Currently we are at 1.0334 and the long awaited breakout has occurred . We are looking for a small retracement at the R3 at 1.0365 then a continuation up to the resistance at 1.0421 and then the R4...

Wednesday’s scenario did not change much. In our latest analysis, we wrote that 50 and 28.3 Fibonacci were the closest S/R levels. Both sides tried to break those levels a few times, but all...

EUR/GBP is about to finish the bullish correction started in the beginning of April. The correction was closed in the rising wedge formation (blue lines) and, two days ago, resulted in a downswing...