Forex Opinion & Analysis

USD: NeutralThere are no major reports due from the U.S. or other major economies, so dollar pairs could simply move sideways for the rest of the day. Keep in mind that the ongoing tensions between...

There have been too many twists, not only in the plot but multiple twists in the ending too…The euro went sideways yesterday and ended the day above the resistance I thought would hold, the...

USD/JPY Gaining 9 of the last 11 days (and pretty much tracking the S&P), the USDJPY continues to trek on without showing any signs of abating. We have already eclipsed the 2012, 2011 and 2010...

EUR/USD Open 1.3029 High 1.3054 Low 1.2978 Close 1.3042On Monday the EUR/USD traded within 75 pip range. The European currency appreciated from 1.2978 to 1.3054 yesterday, matching the neutral money...

Daily FX Elliot Wave Outlook (EUR/USD, GBP/USD, USD/CHF & USD/JPY)EUR/USDTechnical ViewThe pair has been in a multiyear complex corrective down trend since July ’08 and the medium term...

USD/CAD stays in a trading range between 1.0216 and 1.0341. Support is at 1.0216, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...

Another quiet start to the week following last week's rather busy Thursday and Friday.Poor French Industrial Production and Italian GDP figures didn't really stop the Euro grinding higher today.Retail...

In the light-on-economic-data week ahead, the political drama in Italy will come to the forefront of investors’ attention as the new Italian parliament convenes for its first session following...

Currency markets continued to muddle through the start of the week with most of the pairs remaining in very tight ranges through midday North American trade. With no economic reports on the calendar...

Nearer-term $ index outlook: $ index remains firm near recent highs, but the sharp gains from Feb. 1 are seen part of a much larger period of wide ranging (months) and not the start of a major, new...

EUR/USDThe bearish patter remains firmly intact for EUR/USD and there is a risk of further downside should the pair break the December low seen at 1.2876, which once broken opens the door towards the...

EUR/USDCurrent level - 1.3006The break below 1.3080 support signaled, that a top is in place at 1.3133 and my outlook here is negative, for a slide towards 1.2880. Initial resistance is projected at...

The excellent job figures released on Friday supported North American stock markets, which have been bullish since the beginning of the year. The unemployment rate now stands at 7.7%. The Fed recently...