Forex Opinion & Analysis

Yesterday's markets ended up turning around on the forecasts and respecting EUR/JPY's big move. Today I'm expecting lots of mixed sentiments on the US dollar. I'm adding several pairs as hedged pairs...

EUR/USDTrading range: 1.3030 - 1.3130Trend: UpwardBuy at 1.3042 SL 1.3010 TP 1.3119USD/JPYTrading range: 82.25 - 83.25Trend: UpwardBuy at 82.39 SL 82.07 TP 83.11GBP/USDTrading range: 1.6065 -...

GBP/USD Open 1.6090 High 1.6119 Low 1.6077 Close 1.6089On Wednesday GBP/USD continued trading within narrow almost 40 pip range. The cable depreciated from 1.6119 to 1.6081 yesterday, in line with the...

EUR/USDThe euro fell from a seven-week high against the dollar before a report forecast to show the currency bloc’s economy contracted, adding to signs the three-year debt crisis is hindering...

Technical Major CurrenciesEUR/USDThe pair dropped to trade negatively below the key resistance level of the sideways correctional wave; momentum indicators are also negative indicating the possible...

For the fourth time, we present our year-end FX Top Trades for the coming year. In the years 2010-2012, our FX top trades delivered an average return of 3.1%, with a hit ratio of 80% each year. As in...

GBP/JPY For the last two weeks the GBP/JPY has been attempting to clear the air just under the 133 figure. Three attempts and three failures in the last two weeks, but the pair is showing the 3 signs...

A disappointing eurozone retail sales figure led to heavy euro losses during mid-day trading yesterday. The news also resulted in other higher-yielding assets, like gold and silver, turning bearish...

The euro continued to climb on Wednesday morning, trading at 1.3113. The gains shot the currency to a new seven week high and reflected the market's optimism about the Greek bond buyback...

In the traditional Elliott Wave, the Wave 3 is considered to be the most powerful and direct wave of all. Considering the re-organisation of the 5-wave moves into groups of three, an interesting...

I suggested yesterday that we should see a correction to the prior losses. Apart from EUR/USD that reached my intermediate target within a 1-point margin, the rest of the bunch saw the correction last...

EUR/USD may be forming a cycle top at 1.3125 on 4-hour chart. Range trading between 1.3000 and 1.3125 would likely be seen in a couple of days. Support is now located at the lower line of the price...

Need to make a confession first of all, I stole the headline from one of our members in our Live Trading Room today, but I shall come onto that shortly.Well we started the morning in good fashion with...

US equities squeeze higher on data, cliff hopesUS markets managed to squeeze out moderate gains overnight, with the impending fiscal cliff seemingly taking a back seat to a range of positive data...