Forex Opinion & Analysis

U.S. Dollar Trading (USD) November US ISM Services improved to 54.7 vs. 53.5 previously and helped underpin the US stock market moves higher overnight. ADP Employment missed with 118k vs. 125k...

After a persistent wave of risk buying in the capital markets, questionable fundamental developments and a critical technical break for the world’s most liquid reserve currency; the dollar...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.99; (P) 132.37; (R1) 133.05Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 125.67 is is part of the whole rally from 118.82...

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 -...

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...

Market CommentaryThe Dollar Index is trading stable near the short-term support of 80.00 ranges. Only daily close below 79.00 ranges results in medium-term dollar weakness would continue though the...

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...

EUR/USD Open 1.3072 High 1.3127 Low 1.3044 Close 1.3061On Wednesday EUR/USD decreased with 65 pips. The European currency depreciated from 1.3127 to 1.3059 yesterday, not matching the positive money...

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...