Forex Opinion & Analysis

The euro took losses against several of its main currency rivals yesterday, following the release of worse than expected EU retail sales and German factory orders data. The news also led to bearish...

The European macroeconomic picture remains weak, following a slew of data that confirmed that even the German powerhouse is still stuck in reverse. Most of this was expected however, and it was an...

The yen has trimmed away early Asian gains and is trading down almost half percent against the American dollar and the euro. In particular, it is trading at 87.45 against the dollar and at 114.30...

EUR/CZK recently broke the extended Triangle chart pattern identified by Autochartist on the daily charts. The Length of this Triangle is equal to 167 candles. Autochartist rates the overall Quality...

Recap: Our profitable streak into 2013 continues, with 101 pips booked yesterday – 60 on EU and 43 on USD/CHF.Our long on EU was triggered on the 3052 resistance break and quickly jumped and...

The U.S. dollar rallied as demand for safe havens increased following the release of a report which indicated that the U.S. government may run out of money by the month of February. This publication,...

U.S. Dollar Trading (USD)Mild profit taking led to downside across most markets overnight with investors turning cautious ahead of the ECB meeting today. US Consumer Credit increased more than...

With the exception of USD/JPY, the dollar managed to put in for an advance against all of its major pairings Tuesday. That said, the advance was clearly tepid. The market was holding its breath...

GBP/JPY Daily OutlookDaily Pivots: (S1) 138.94; (P) 140.23; (R1) 140.99GBP/JPY's consolidation from 124.73 is still in progress and intraday bias remains neutral for the moment. Recent rally should...

EUR/USDThe euro halted a loss from yesterday on prospects European Central Bank officials meeting tomorrow will refrain from lowering borrowing costs. The 17-nation currency advanced versus the yen...