Forex Opinion & Analysis

USD The dollar rose on Wednesday after doveish commentary form the Fed and rising speculation ahead of the ECB and BoE rate meetings tomorrow. Although expectations of further central bank policy...

Another relatively quiet day with markets focusing attention on Thursday's ECB meeting.Key Times: (all GMT)9:10 ~Spanish and Italian Bond Auction12:00 BoE GBP Rate Decision/QE Total -- Both expected...

AUD Buoyant, Kiwi Leads The WayThe Australian dollar managed to find moderate bids against major counterparts, but lagged behind the Kiwi. Yesterday’s retail sales had minimal effect on the...

I have covered the January Forex Effect several times over the years. This phenomenon can be such a powerful trading edge that it demands emphasis whenever possible.Track RecordThe January Forex...

The euro and British pound are trading lower this morning against the U.S. dollar ahead of Thursday's monetary policy meetings. European currencies continue to move to their own beat as commodity...

Australian retail sales missUK Trade balance sees no improvement GE IP tepid recoveryNikkei up 0.67% Europe up 0.11%Oil $93/bblGold $1663/oz.Europe and Asia: AUD Retail Sales -0.1% vs. 0.3%EUR German...

Currently we are at 1.6004 and breaking the descending wedge which is bearish for the pair. The target area down is the support cluster at 1.5904-5916. The average daily trading range (ATR) is 57...

The EUR/USD is trading near 1,3050 right now. Although the pair managed to reach just above 1,31, back testing the broken upward sloping trend line as expected, it did not have enough fuel and buyers...

The major currencies have been confined to narrow ranges, with only the Japanese yen showing much movement. Yesterday's yen strength gave Tokyo operators a new and better selling opportunity. Both the...

EUR/USD is still caught between two lines forming a mid-term rising wedge (red lines). We mentioned this formation yesterday and on Tuesday, sellers really took advantage of this formation and its...

A very interesting situation presents itself on the USD/JPY chart. A first look on the daily chart shows a massive uptrend started in September 2012. The price recently formed a top and a bearish...

Today, I'm expecting the US dollar to overall weaken. I have several hedge pairs to offset the trading risk today.Currency OutlookUS Dollar: WeakShort: EUR/USDToday we're expecting the EUR/USD to...

Data/Event RisksEUR: Only German industrial production figures out mid-morning, otherwise little of consequence. ECB meeting tomorrow – Draghi will renew his vows of commitment to the single...

USD/JPY Open 86.89 High 87.81 Low 86.81 Close 87.03On Tuesday USD/JPY continued decreasing with 100 pips. The currency couple depreciated from 87.81 to 86.81 yesterday, matching the negative money...