Forex traders remain hesistant to sell the US dollar, but with event risk out of the US, Euro-zone, Japan and Australia looming in the next 24 hours, there…

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US Dollar Consolidates, Pullback Still Possible This Week (Forex Video)

The GBPUSD sports a short term inverse head and shoulders pattern. The EURUSD made an inside day. Both developments are evidence of a short term reversal…

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Forex Technicals: The Day Ahead, August 18

Our recent forex seasonality report made an argument for a substantial reversal in the Canadian dollar and Japanese Yen through the month of August, but…

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Forex Seasonality Update: We Forecast USDCAD Declines

At -79,438, the British Pound composite COT is the lowest since July 1999. Cable was in a long term downtrend at that point as well, but the extreme bearish…

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British Pound Speculative Shorts at Highest Since 1999

dollar fell against the yen, euro and GBP before U.S. government housing and inflation reports

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Dollar falls against the majors before housing inflation data

Forex trading conditions continue to point to breakouts in the US dollar and other major currencies, and we forecast that Breakout and Momentum trades…

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Forex Trading Signals Likely to Outperform On Strong US Dollar Moves

The US dollar extended its recent gains this week, breaking through some key levels against its main counterparts. Although it was helped by some supportive…

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US Dollar Rallies - But Where Was the Fed?

This week the Bank of Japan is widely expected to keep its key interest rate unchanged and we expect the Japanese yen to be particularly vulnerable against…

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Japanese Yen Forecast Ahead of BoJ Meeting

Dollar And Euro Topping Analysts Picks A new week has brought different market conditions; and our DailyFX Analysts are seeing different opportunities….

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Dollar And Euro Topping Analysts Picks

The EURUSD closed below 1.47 Friday and the pair has enjoyed a small bounce so far this week. While there is no confirmation of a Euro bottom, short term…

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Euro Countertrend Rally Possibly Underway to 1.52

The US dollar rally triggered over a week ago by ECB President Trichet has been relentless, and as of Friday?s NY close, the dollar index had appreciated…

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Forex Trading Weekly Forecast 08.18.08

Fundamentals and technicals were crumbling for the euro last week. Tallying up the losses, the euro has now trended lower against its US counterpart for…

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Euro To Take Its Lead From ECB Rate Speculation

More than 700 points after the USDCAD began its near non-stop rally, the pair seems to finally have run out of technical steam. In fact, the pair spent…

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Canadian Dollar May Secure Bullish Reversal With Data

The Australian dollar would fall as low as 0.8591 during the week, which ended seven consecutive days of falling, before it bounced higher. The 0.8600…

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Australian Dollar Headed For Yearly Low

The Japanese yen saw an exceptionally wild week of trading last week, rocketing more than 1 percent higher against most of the majors while tumbling almost…

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Japanese Yen: Risks Remain High For Carry-Trade Selloffs