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The Asian session was calm as the economic calendar was light and most investors were positioning ahead of key risk events later this week, primarily the US nonfarm payrolls report on Friday. Meanwhile, there was some recovery in the US dollar today following disappointing US data from late...

The first full trading week of 2014 began today, with Japan opening for the first time after a two-week holiday. The Nikkei traded down in a risk-off environment as yen was lifted by safe-haven demand. Disappointing China services PMI data weighed on investor sentiment. The world’s second...

The currency markets have been gripped by risk aversion into the New Year, and we are seeing a big reversal in especially in dollar/yen and euro/dollar pairs. Investors favored covering yen shorts, giving the Japanese currency a 0.5% gains versus the greenback today. Profit-taking saw the...

EUR/USD - Weekly Report: The pair started this week’s trading slightly to the upside but is still limited below Linear Regression Indicators and 88.6% correction showing on graph. Therefore the possibility of moving to the downside is available this week affected by the bearish harmonic...

The best performing currency during Thursday’s Asian session was the Australian dollar which jumped against its US counterpart after strong Australian business spending data. Private Capital Expenditure increased by 3.6% quarter-on-quarter despite expectations for a decline by 1.1%. AUDUSD...

EUR/USD - European Session: The pair is trading weakly and in a limited range below the previously broken bullish harmonic support and below the first target of the AB=CD bearish harmonic Pattern. Therefore, the bearish possibility is still valid supported by Stochastic. Breaking 1.3465...

The yen remained under pressure in Friday’s Asian session after being pushed lower by Bank of Japan Governor Kuroda who appeared before the Japanese “Diet Committee” to talk about monetary policy. He reiterated the Bank of Japan’s commitment to undertake necessary policies to fight...

USDJPY was driven to a new four-month high of 100.92 yen by mid-European session trading, its highest since July 10. EURJPY also rose, peaking at 135.87 yen, just below a four-year high hit yesterday. The dollar was boosted by Wednesday’s Fed minutes which were upbeat on the US economy and...

The yen dropped to its weakest level in four months versus the broadly stronger US dollar in today’s Asian session. USDJPY hit a session high of 100.80 yen and ended the session with a 0.6% gain at 100.70 yen. The diverging monetary policies between the Bank of Japan and the Fed are...

Focus is on the FOMC minutes that are due later this evening, which will be a key driver of the US dollar. During the European session the dollar was mixed, as markets digested yesterday’s comments by Federal Reserve President Ben Bernanke who reiterated the Fed’s continued stimulus program was...