Forex Opinion & Analysis

EUR/USDEuropean finance ministers gathering for the first time this year begin the long march to enacting policies they promised to subdue the debt crisis, beginning with how to channel firewall funds...

We all know something is coming from the Bank of Japan, but what? The market in the shortest term is about whether it has overdone the JPY selling for now. Meanwhile, US markets are closed for the...

Fundamental AnalysisThe yen has finally shown some sort of strength against the dollar after bouncing back from its two and half years low, as traders have shown their optimism about the BOJ’s...

EUR/USD: The market did move a bit lower this week as we saw a bearish candle stick form. We see support at 1.3242 with a move below that testing 1.3129 and then 1.3120. Alternatively, we see...

Market Drivers for January 21, 2013Yen cross profit taking dominates openUS markets closed todayNikkei -1.52% Europe 0.24%Oil $95/bblGold $1689/oz.Europe and Asia:EUR: German PPI -0.3% vs. 0.0%GBP:...

USD/JPY Open 90.14 High 90.25 Low 89.33 Close 90.07On Friday USD/JPY traded within narrow 60 pip range. The currency couple appreciated from 89.62 to 90.22 on Friday, matching the positive money flow...

After a 9 week rally, the March Euro posted a closing price reversal top last week. This chart pattern often signals the start of a 2 to 3 week break, but not necessarily a change in trend. The key is...

Chinese economic indicators released yesterday came in slightly ahead of expectations. Fourth Quarter GDP and December Retail Sales were at 7.9% and 15.2% respectively, or 0.1% more than forecast....

Italy and Spain issue long-term debt againThe euro is risingThe euro continues to climb to new heights, reaching 1.34 to the dollar on 17 January, the strongest rate for the past year. It has gotten...

EUR/USD is consolidating around $1.3320, not far from Friday’s close. The pair opened the week with a gap down, but has already closed it. The euro remains cramped in the sideways $1.3250/1.3400...

EUR/USDTrading range: 1.3345 - 1.3245Trend: DownwardSell at 1.3332 SL 1.3364 TP 1.3255USD/JPYTrading range: 89.80 - 88.90Trend: DownwardSell at 89.70 SL 90.02 TP 88.98GBP/USDTrading range: 1.5850 -...

Last week the dollar ended the week at a price that was last seen there in mid-June 2010, which is, two-and-a-half years against the Japanese yen. The market closed when the price was on 90.07 a rise...