Forex Opinion & Analysis

Currently we are at 1.2904 and still in a bear flag which is bearish for the pair. We could still be early and see one more bounce to the upside before the breakdown. The target area down is the...

Aussie Trade Balance missesEU data mixedNikkei -0.86% Europe 0.04%Oil $93.41/bblGold $1653/oz.Europe and Asia:AUD: AiG Performance of Construction Index 38.8 vs. 37.0AUD: Trade Balance -2.64B vs....

The relative firmness of the Japanese yen is the main feature in the otherwise consolidative foreign exchange market. The larger capital markets are mostly calm. Asian equity markets were mostly...

The market has been selectively quiet in Europe, as investors wait for Q4 US earnings results to shepherd them, though to where is yet unknown. Investors continue to have concerns over the health of...

Time of analysis 9:00am CETThe first day of trading for EURUSD was quite successful. Although bulls didn’t manage to take advantage of the inverted head and shoulders formation, they managed to...

Time of analysis: 9:30 am CETUSDCAD, after creating a huge bearish gap and covering it again last Friday, has been staying in the side trend for the past two days. After investors managed to close the...

EUR/USD is in a key zone of resistance up toward 1.3170 ahead of the ECB meeting Thursday. Meanwhile, where should we look for support in USD/JPY after Aso comments failed to weaken JPY...

The central bank meetings from the UK and Europe later in the week are looming large on the horizon and markets are happy to bide their time to make their next move it seems. The dearth of news...

The euro has gained some ground late in the session, after comments from Japan’s finance minister that Japan will buy bonds issued by the ESM to help stabilize the European economy. EUR/JPY...

Aussie Trade data missesAustralian trade deficit missed expectations widening to 2.637 Billion AUD 2.3 Billion AUD eyed as it hits its worst level in nearly five years. A combination of lower...

Despite the lack of major economic releases to drive the U.S. dollar, the greenback declined against the majority of its peers as investors sought out other refuge currencies like the yen. Market...