Forex Opinion & Analysis

Currently we are at 98.90 and the long awaited bounce may be here. We are looking for a continuation up to the double top resistance at 99.97 and then the R5 Resistance later at 101.91. We are...

EUR/JPY Daily OutlookDaily Pivots: (S1) 128.81; (P) 129.74; (R1) 130.57;Within 4 hours, the MACD crossed below the signal line. Aebound from 124.84 might have finished at 130.66. Note that...

After reaching the maximums at 1.32 last Tuesday and Wednesday, the EUR/USD pair fell into a side trend closed between 1.32 and 1.30 (green area). Technically, the pair is now under the influence of...

Since April 11, the AUD/JPY has been on a downward trend in accordance with the global sentiment of strengthening the Japanese currency. The past week was the correction of that movement that could...

The EUR/USD stayed stuck within the range during the Asia session; it wasn’t until the European morning that the market tested the initial support at 1.3050. The support was easily broken as ECB...

EUR/USD is slowly but steadily falling, forming a pattern with lower highs and lower lows. This is changing trend direction to down, with possible test area the 1.2920 level. Currently prices trade at...

Market Drivers for April 23, 2013Euro drops through the 1.3000 level on weak PMIs and talk of rate cutChinese PMI misses sending Aussie lowerEurope 0.59% Nikkei -0.29%Oil $88/bblGold $1422/ozEurope...

It seems that owning the dollar is again fashionable – the market is back to “buying dollars, wear diamonds” thanks mostly to risk-averse signals from commodities gaining traction...

An ugly little squeeze higher this morning caught the EUR/USD sellers off guard before the pair pushed lower again after dissapointing German PMI data. Where the EUR/USD settles today vis-à-vis...

The USD/JPY pair fell from its resistance level, as predicted in our video analysis yesterday. We have been mentioning this resistance zone in our analysis since April 15. It is also very important to...

The EUR/USD is falling on the back of extremely disappointed German Flash Manufacturing PMI data which came in at 47.9; the original forecast was 49. The pair is trading in a support zone on a 30...

Are the days of austerity numbered? Jose Manuel Barroso yesterday remarked that the euro zone could be at the ‘limit’ of its commitment to austerity given the lack of popular support for...

Asian indices fall and Yen gains as China PMI data expanded less than economists estimated. Flash manufacturing purchasing manager’s index fell to a two-month low of 50.5 against forecast of...