forexanalytics

US DOLLAR RETREATS AFTER FOMC MEETING The US dollar sell-off resumed with form after the FOMC passed without incident causing US yields to remain almost unchanged. Having reduced short positions into the

The recovery in equities that saw the S&P 500 set new record highs, the US raise $120 bln in coupon sales, and an ECB that promised to "significantly" boost bond purchases immediately fizzled

The week ahead is one of the most event-packed weeks of the first quarter. There are elections and central bank meetings in addition to a series of high-frequency data that includes the first look at March

Traders are still digesting the surprising outcome of Thursday’s ECB meeting, wherein the central bank announced that it would start purchasing bonds at a “significantly higher pace” over the next quarter

The EUR/USD Forex market on the daily chart rallied three days after a strong breakout below the Feb. 5 low. Yesterday is a Low1 sell signal bar, and the Nov. 4 low is a magnet below. EUR/USD Daily Chart.

USD/JPY ranges from important resistance at 109.00/10 to first support at 108.30/20. EUR/JPY we wrote: holding above 129.45/55 is a buy signal targeting 129.85/95. A break above 130.05 is a buy signal

The global capital markets are reversing hard into the weekend. Yesterday's rally lifted US benchmarks to a record high fizzled even though most Asia Pacific markets (with Hong Kong and India being large

The British pound is in negative territory in the Friday session. Currently, GDP/USD is trading at 1.3920, down 0.51% on the day. GDP, MANUFACTURING PRODUCTION DECLINE The pound has registered considerable

To the market’s surprise, the European Central Bank announced plans to purchase bonds at a “significantly higher pace” over the next quarter. The decision was motivated by the recent rise in yields and

The EUR/USD forex market on the daily chart is reversing up from a sell climax at the bottom of a bear channel. Since there were 3 legs down, this is a wedge bottom reversal attempt. EUR/USD Daily EUR/USD

BULLISH We are currently at 151.51 in a GBP/JPY channel. We have convergence in play for the up move. If we can break this resistance, we are looking for a move to the ATR Target at the 152.16 area. Watch

US DOLLAR DIPS AS INFLATION CONCERNS EASE The easing of inflation fears on Wall Street overnight saw the US dollar continue to give up some of its recent gains, the dollar index falling by just 0.15% to

Investors in the currency market are cautiously trying to gauge the effect of the new $1.9 trillion bailout package approved by U.S. lawmakers yesterday. Earlier in December, a $0.9 trillion economic support

Weaker-than-expected U.S. consumer price inflation data eased concerns about the U.S. economy overheating and drove the US dollar lower against most of its peers Wednesday. The euro and pound benefited

EUR/USD tests first resistance at 1.1925/35 where a high for the day was expected yesterday. A break higher today is a buy signal targeting 1.1980/90. Holding first resistance at 1.1925/35 risks a slide

The U.S. dollar traded lower against most of the major currencies on Wednesday. According to the latest report, inflationary pressures are on the rise, but not as quickly as investors feared. U.S. consumer

The EUR/USD Forex market on the daily chart formed a bull reversal bar yesterday in an extreme sell climax. It was caused by the bears taking profits. EUR/USD Daily Chart. EUR/USD Daily Chart. The short

US DOLLAR DIPS OVERNIGHT BUT RECOVERS IN ASIA The US 3-year bill auction achieved a desirable bid-to-cover ratio overnight, which was enough to turn sentiment away from the US dollar short squeeze temporarily.

AUD/USD bounced from support at 7620/10 to our targets of 7655/65 and 23.6% Fibonacci resistance at 7710/20 & as predicted we topped exactly here. However eventually we are likely to continue higher

There are no two ways about it: GBP/USD bulls were on Cloud Nine in February. The currency pair, colloquially called “cable” for the transatlantic cable used to process transactions back in the 19th century,