Forex Opinion & Analysis

BIAS: Look for further gains to 1.5898-16Resistance: 1.5807 1.5844 1.5878 1.5898-16Support: 1.5770-83 1.5740 1.5716 1.5696MAIN ANALYSIS: The rally developed and pushed to the high-end of the stronger...

I can’t say I was particularly surprised by Friday’s action in the Europeans. Indeed, while there were a range of targets in GBP/USD, the highest 1.5844 target was actually perfect –...

Market Review - 08/02/2013 18:50GMT Yen jumps on supportive comments from Japan's finance minister The Japanese yen rallied against dollar and euro on Friday as Japan Finance Minister Tara Aso said...

GBP/USD broke above the upper line of the price channel on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 1.6339 is underway. Range trading between 1.5630 and 1.5900 would...

L ast week was a bit of a choppy week. We started to see some correctional moves in current trends. It will be interesting this week to see if these manifest into full blown reversals or are just...

Market movers aheadWe expect the currency war to be in focus at the G20-finance minister meeting but we do not expect the US to join criticism of Japan.The lame-duck Bank of Japan is unlikely to...

EUR/USDHaving settled lower last week after Draghi downplayed the impact of the current EUR foreign exchange rates and instead reiterated that inflation is expected to remain subdued, there is scope...

France’s trade deficit shrank by €7 billion in 2012, to €67 billion, from its record high of €74 billion in 2011. The improvement looks unimpressive. However it hides a...

Over the past two decades, in the tumultuous annals of central banking lore, there typically arises a sweet spot of influence for many central bank governors. Some try and side-step the limelight -...

Unfortunately I got stopped out of my short USDCAD trade. The chart illustrates:I've had a string of losers over the past couple days that now has me at -0.25% for the month thus far. I must admit...

Last week the euro was the weakest of the major currencies and the recently beaten up sterling and yen were the strongest. A similar pattern was also evident in the dollar-bloc. The New Zealand dollar...

EUR/USDWhat Forex Target Traders See: We are currently sitting @ 1.3363. Although currently the 240 trend is down we are approaching the day chart trend line to the upside. We are looking for a bounce...

The euro traded steadily on Friday morning after falling on Thursday after European Central Bank President Mario Draghi closed the bank's policy meeting with comments suggesting he isn't expecting to...