Forex Opinion & Analysis

The dollar was a mixed bag Monday as various catalysts conflicted with a confused risk appetite bias. From the Dow Jones FXCM Dollar Index, a modest gain was won over Friday’s close; but the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 135.45; (P) 135.91; (R1) 136.39Intraday bias in GBP/JPY remains on the upside for the moment and current rally is expected to continue to next key resistance...

CFTC Commitments of Traders (COT) Report, 11 December 2012. The net spec short position in the USD grew last week from 68K contracts to 109K contracts. While the aggregate net position is USD short,...

Last week Eurogroup head Juncker warned that the situation of tiny Cyprus was more worrisome than Greece. While this seemed to be an exercise in hyperbole, sure enough, on Monday a Cyprus official was...

Technical Major CurrenciesEUR/USDTrading is still biased to the upside and despite overbought signals we find the pair benefitting from breaching key resistance of the previous sideways range. The...

GBP/USD Open 1.6205 High 1.6219 Low 1.6149 Close 1.6201On Monday GBP/USD continued increasing with 65 pips. The cable appreciated from 1.6149 to 1.6217 yesterday, in line with the positive money flow...

EUR: The single currency continued to trade in tight range in part due to thin holiday trading, mixture of bids and stops remains at 1.3135-45 and more buying interests from sovereign names are...

EUR/USDTrading range: 1.3145 - 1.3245Trend: UpwardBuy at 1.3156 SL 1.3124 TP 1.3233USD/JPYTrading range: 83.75 - 84.75Trend: UpwardBuy at 83.89 SL 83.57 TP 84.61GBP/USDTrading range: 1.6185 -...

The early dollar lows in the Europeans were all in the right area and produced the initial reactions expected. Sounds good but there could be a little twist in the tail and something that needs to be...

EUR/USDThe euro may rise 1.9 percent against the dollar after climbing above a key level of resistance. The 17-nation currency is poised to extend this month’s advance after strengthening above...

Cable continued to extend the recent bullish trend further once again yesterday, with the pair breaking above the psychological 1.6200 price point on the daily chart, returning to the levels of early...

EUR/USD Gaining every day last week, the euro is making a stronger case for an eventual breakout of the 1.3169 level which is a 7-month high. Long-term charts suggest an eventual breakout of this...

Market CommentaryThe Dollar Index (DX) traded flat yesterday in a tight range of 79.60-79.80. The Dollar Index is currently trading flat at 79.59 after correcting from intermediate resistance of 81.00...