With a shooting star candle printed the past week(weekly chart) and a follow-through lower seen today pushing GBP below its range bottom at 1.6184 before recovering to climb back above it, risk remains for further downside pressure. This is evidenced

Price action on EUR/USD, a daily chart of which is shown, has tentatively broken down below an uptrend support line extending from the late April lows. This breakdown is significant, but does not yet place the pair in immediate jeopardy

The market did indeed a slight new high the next day at 96.95 but has since turned lower, accelerating on today's break below the bullish trendline since May (currently at 95.35) and on way toward 93.90 (May 22nd low) and

The USD/JPY is edging lower again with investors exiting crude while sending the Cable and EUR/USD lower. Although the S&P hasn’t logged as large of losses as the aforementioned correlations, they are trading right at June lows, an important level

The Cable finally broke below the bottom-end of the mid-June trading range we were eyeing before, represented by our previous 1.6212 support. There are whispers floating around Monday in regards to the reason behind the Cable's pullback, but we don't

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U.S. Dollar Trading (USD) gave up some of the strength seen post Non Farm Payrolls after Japanese stocks and Oil rallied off lows. Trading was light however with the US away for July 4th holidays so markets will look to

The above is the Bank for International Settlement numbers that analyze the global flow of forex trade. It reveals the reason that we do not expect too much to happen, (and we are usually correct), from 10:00 EDT until at

The US holiday on Friday made for a quiet London session, currencies trading in narrow ranges. The overall tone remained mildly bearish risk, Eurostoxx futures sitting just above recent lows. Brent crude oil fell 1%, and made a post-23 June

Overall, the dollar showed some signs of the strength during the Asian session, even though the dollar index moved very little. However, the real gainer of the Asian session was the yen, which strengthened across the board as the Japanese

There is not much of interest on this week's agenda and a quiet week with low turnover and small movements is on the cards. Service ISM is expected to increase roughly in line with ISM, which is about 2 index

In currencies, Japanese Yen was sharply higher across the board as traders shied away from risk-related majors, with the British Pound being hit the hardest among the majors. USD/JPY traded below 95.30, EUR/JPY tested downside of 133 handle, and GBP/JPY

The US Independence Day holiday ensured a quiet close as the end of the European session approached on Friday, though the same theme of risk aversion resulting in USD and JPY strength that had been witnessed in Asia continued. GBP

With a shortage of data and little market direction to begin the week after the US holiday weekend, currencies took their cue from softer Asian equities, as the Yen got a boost from investors seeking safety. The moves in Yen