Forex Opinion & Analysis

EUR/USDThe pair has been in a multi-year complex corrective down trend since Jul’08. We prefer to view the setback from 1.4945 (May’11 high) as a wave (Y) of the large corrective pattern...

U.S. Dollar Trading (USD) The USD was sold as the EUR/USD broke to fresh year highs above 1.3180. Over the weekend we saw the Japanese opposition win the general election with promises of aggressive...

The Bank of Japan appears to be relishing its role as "hero" ... as they repeatedly ride to the rescue atop their monetary white-horse, in an ongoing attempt to save the macro-economy from a more...

GBP/USD Open 1.6171 High 1.6201 Low 1.6103 Close 1.6172On Friday GBP/USD increased with 75 pips. The cable appreciated from 1.6103 to 1.6178 on Friday, in line with the positive money flow sentiment...

Technical Major CurrenciesEUR/USDThe pair breached key resistance level of the downside move and the sideway correctional resistance level shown on the graph; this supports the possibility of another...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.40; (P) 134.90; (R1) 135.50GBP/JPY jumps further to as high as 136.37 so far today and intraday bias remains on the upside. As 133.48 resistance was already...

EUR/USDTrading range: 1.3135 - 1.3235Trend: UpwardBuy at 1.3145 SL 1.3113 TP 1.3222USD/JPYTrading range: 83.80 - 84.75Trend: UpwardBuy at 83.90 SL 83.58 TP 84.62GBP/USDTrading range: 1.6150 -...

The US dollar tumbled against its main currency rivals on Friday, following the release of a worse than expected US Core CPI report. The CPI figure reaffirmed speculations that the Fed will keep...

The Japanese yen drops sharply across the board today in reaction to news of Liberal Democratic Party's victory in the election on Sunday. As widely expected, the LDP returned to power, winning 294...