EUR/USD remains firm today and rally from 1.4438 extends further to as high as 1.4696 so far. At this point, intraday bias remains on the upside as long as 1.4632 minor support holds. As discussed before, firm break of 1.4672 resistance will confirm that fall from 1.4951 has completed and...

USD/JPYs fall from 108.59 extends further today reaching as low as 107.25 so far. At this point, intraday outlook is neutral. As discussed before, USD/JPYs corrective rise from 104.96 could have completed at 108.59, slightly below mentioned 108.61/71 cluster resistance (38.2% retracement of 114.77...

In its annual meeting, the G7 virtually ignored the situation in forex
markets.? In previous years, the G7 used the so-called "communique,"
which essentially functions as a summary of the meeting, to rebuke
China for not allowing the Yuan to appreciate at a satisfactory pace.
This year, the RMB has ...

Cables rally from 1.9386 extended further to as high as 1.9737 but was limited there and retreat continues today. Intraday outlook is turned neutral for the moment and further downside could be seen to 4 hours 55 EMA (now at 1.9621). But still, rise from 1.9386 should still be in...

EUR/JPY remains firm today and edges further higher to 158.72 so far. At this point, intraday bias remains on the upside as long as 157.32 minor support holds. As discussed before, whole rebound from 152.11 could still be in progress. Break of 159.46 will confirm this case and bring further...