Forex Opinion & Analysis

The US dollar needs a definable, drive in sentiment to jumpstart its own trend. Otherwise, the safe haven currency will continue to slowly retrace its post-Fiscal Cliff resolution rally. That was the...

Technical Major CurrenciesEUR/USDThe pair rose yesterday stabilizing above 38.2% correction failing with that our previous expectations. Stochastic offers overbought signals, but at the same time we...

GOLD A larger wave IV corrective wave is underway from 1921 (Sep’11 high) which has the potential to test 1460/1308 on multi-month basis. The 1825/1850 resistance would remain as tough barrier...

GBP/USD Open 1.6119 High 1.6130 Low 1.6020 Close 1.6113On Monday GBP/USD increased with 110 pips. The cable appreciated from 1.6020 to 1.6130 yesterday, in converse with the negative money flow...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.61; (P) 141.33; (R1) 142.18Intraday bias in GBP/JPY remains neutral for the moment and some more consolidations could be seen. But recent rally should...

The euro rebounded broadly overnight on building expectations that ECB would keep the policy rate unchanged at 0.75% this week. According to a Reuters poll, 67 out of 73 surveyed economists are...

Speculations that the European Central Bank (ECB) is considering cutting eurozone interest rates in the near future turned the EUR/USD moderately bearish during mid-day trading yesterday. A lack of...

Last Update At08 January 2013 02:05GMT Trend Daily ChartSideways Daily Indicators Turning up21 HR EMA 0.923155 HR EMA 0.9239 Trend Hourly ChartUpHourly Indicators Falling13 HR RSI 3814 HR DMI -ve...

EUR/USDTrading range: 1.3140 - 1.3040Trend: DownwardSell at 1.3130 SL 1.3162 TP 1.3053USD/JPYTrading range: 87.70 - 86.75Trend: DownwardSell at 87.57 SL 87.89 TP 86.85GBP/USDTrading range: 1.6125 -...

The market managed to avoid making a decision yesterday… It’s not quite what I had wanted as it leaves us a little in no-man’s land and perhaps the potential for extended lack of...

EUR/USD Open 1.3119 High 1.3140 Low 1.3015 Close 1.3113On Monday EUR/USD increased with 110 pips. The European currency appreciated from 1.3015 to 1.3129 yesterday, not matching the negative money...

The euro dropped closer to $1.30 on Monday morning, reflecting predictions that 2013 was going to be a difficult year. The European Central Bank is set to meet on January 10th to discuss, among other...

With little fundamental news in Europe right now, forex traders may wish to focus their attention on the commodity dollars and in particular on the Australian dollar and the Aussie/dollar pair.Since...