The single European currency remained just off of recent six week highs of 1.3955 ahead of Wednesday’s much anticipated European Union Summit. The EUR/USD saw a range between 1.8900 and 1.3930 ...

Europe is still dominating the action, but the lack of concrete details from this weekend’s summit has caused markets to start higher before losing conviction, and mid-way through the London ...

The U.S. dollar was weaker across the board as sentiment was boosted by better China data, cautious optimism regarding the EU meetings and another FOMC voting member hinting at the potential for ...

DAILY FORECAST FOR EURJPYBias:    Mixed - waiting for breaks but perhaps there is more risk now ofseeing the 122.44-64 areaWith losses expected in EURUSD I feel the downside should ...

As opposed to the other JPY crosses this hasn't made a new low. Having said that it doesn't look that healthy right now. Only a move back above the 80.37 pivot areawould lead the way back to ...

DAILY FORECAST FOR USDCADBias:    I feel we should see a pullback from the 1.0380-88 area butprobably no further than 1.0450-80The pullback higher didn't last as long as I expected, ...

DAILY FORECAST FOR GBPJPYBias:    While 142.20-30 caps I feel the downside can be strong for140.27-46 at least and maybe even the 138.24 low.The downside is more at risk and could well ...

DAILY FORECAST FOR USDJPYBias:    While the 90.94 area supports look for a rally to the 91.75 targetbefore correcting lowerThe break above 90.51 has opened up a potentially quite ...

DAILY FORECAST FOR USDCHFBias:    While the 1.0710-24 area caps I look for losses to the 1.0596-08targetThe downside developed nicely and stalled just above the 1.0646 target. Thisarea ...

DAILY FORECAST FOR EURUSDBias:    The 1.3697-05 resistance is the key pivotal point here - if thisbreaks expect a strong rally - else look for new lowsWhile the rush back down to 1.3595...