Forexperts

Australian dollar posts fresh 6-months lows; Risk assets crumble under the weight of Euro-region concerns

The U.S dollar resumed its north-bound run overnight with global markets remaining under the negative influence of Euro-region uncertainty.

Chris G. | Quick Read

NZDUSD Testing Major Neckline

The NZDUSD easily sliced through the trendline that extends off of the 2009 and late 2011 lows but is currently testing the more important head and shoulders ne...

Jamie Saettele | Quick Read

Deflation isn't the Enemy

We now live in a world where deflation has become public enemy number one. In this current economic environment, governments seek a condition of perpetual infl...

Michael Pento | Quick Read

Trading Ideas on GBP/USD, AUD/USD and USD/CHF

The Support at 0.9369 mentioned in our Morning comments is holding well and the Dollar-Swiss has risen back above 0.9400. However, it is still not gaining upside momentum to extend its upmove strongly above 0.400.

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USD/JPY – Buy the Rumor, Sell the News?

USD/JPY pushed above the 79.40 resistance and is now approaching the 80.00 handle in the 5/22 US trading session. The 80-80.20 area contain a declining trendline, and the 23.6% retracement level of the 84.16-78.97 swing.

Fan Yang | Quick Read

Mild Optimism Fuels Risk Currency Rally

After a period of sustained weakness, the Australian dollar rebounded overnight with investors inspired by continued support from Euro-zone leaders to keep Greece in the single currency.

Chris G. | Quick Read

AUD/USD – Monitoring Consolidation for Breakout

The AUD/USD is consolidating after cracking the support around 0.9860, one that goes back to Dec. 2011. The trend remains bearish as we make lower highs and lower lows.

Fan Yang | Quick Read

USD/JPY Tapping at the 79.40 Resistance Pivot

The 1H chart shows price action continuing to attack this resistance. Also, the RSI is just below 60 so the bearish momentum is still maintained. However, a break above 79.

Fan Yang | Quick Read

EUR/USD Weekly Outlook and Trading Idea

EUR declined last week and briefly broke below 1.2670 level but then rallied back above it. Our previous wave count suggesting a rally twd 1.3720 is still possible (because we finished the week abv the 1.2670 level).

Alexander Nikolov | Quick Read

GBP/USD Weekly Outlook and Trading Idea

Well, I was looking for one more rally twd 1.6300 prior to a strong move lower. But GBP fell sharply last week and thus confirmed that the next leg lower is likely under way.

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