Forexperts

'All Taste, No Nourishment', Euro Leaders Dinner Fails to Inspire

Despite solid gains from European indices and mild support for U.S stocks, the overall theme of negativity continued to hold risk assets at bay overnight with intermittent periods of strength quickly overcome, with European drama's remaining the key directive.

Chris G. | 12:54 am | GoMarkets

USDCHF Trades above January High

The USDCHF has traded to the January high, thus triggering its intra-year reversal. As mentioned last update; "near term structure (3 wave drop for example from the top) is constructive against 9367 towards the January high at 9594." This remains the case but the January high may be a good place for price to consolidate before resuming the larger bull trend.

Jamie Saettele | 6:23 pm | DailyFX

USD/CHF Slowing Its Bull Run at the 2012 High

The 1H chart does show the type of bearish divergence I consider valid. A break below 0.9530 can start the topping process. Again, the maximum bearish target here is 0.94. traders might want to consider early trade management to lock in profit even before the market gets to this level in case the rejection from 0.9593 2012-high is a fleeting one.

6:21 pm | FX Times

GBPUSD: Takes Out Key Support, Set To Recapture The 1.5805 Level

With the pair selling off and breaking below its medium term rising trendline, further bearishness is expected in the days ahead. On continued weakness, GBP will target the 1.5805 level, April 05'2012 low with a violation of there allowing for more weakness towards the 1.5642/53 levels, its Feb 14/15'2012 lows.

Mohammed Isah | 4:22 pm | FX Tech Strategy

EURGBP: Bearish Medium Term, Eyes The 0.7949 Level

We continue to hold our downside bias on EURGBP as we look for it to decline further towards the 0.7949 level. A breach of here will turn focus to the 0.7840 level. A decisive clearance of this level will open the door for a run at the 0.7750 level with a cut through here paving the way for a move lower towards its Oct 2008 low at 0.7691.

Mohammed Isah | 4:12 pm | FX Tech Strategy

Euro Struggles As EU Summit Disappoints, Sterling Carving Higher Low?

The EU Summit failed to prop up the Euro amid the ongoing rift within the group, and we may see European officials continue to act in their own interest as the anti-austerity movement gathers pace. As French President Francois Hollande and Italian Prime Minister Mario Monti press for increased integ...

David Song | 3:02 pm | DailyFX

Charting Momentum in Latest Forex Cycles

More evidence of the German locomotive dragged down by the rest of the European continent as German manufacturing PMI dips to 45.0, its lowest figure since May 2009. The French version of manufacturing PMI hit 44, also a 36-month low. EURUSD hits a fresh low on the year at $1.25, down 3.3% year-to-date, and down 7.0% from its February highs.

Ashraf Laidi | 10:10 am | Ashraf Laidi

Euro Slides on 'Grexit' Concerns; Australian Dollar Falls to Fresh 6-month Lows

A global bid for safety dominated proceedings overnight with significant losses across European equities forcing further downside across the risk spectrum.

May 24 | GoMarkets

EURUSD: Bearish, Threatens Further Downside Momentum

Having reversed its corrective recovery, the pair is on the verge of resuming its broader weakness. This will open the door for a run at the 1.2620 level, its Jan 2012 low. Further down, support stands at the 1.2587 level followed by the 1.2479 level. Its daily RSI is bearish and pointing lower supporting this view.

Mohammed Isah | May 23 | FX Tech Strategy

Deflation isn't the Enemy

We now live in a world where deflation has become public enemy number one. In this current economic environment, governments seek a condition of perpetual inflation in order to maintain the illusion of prosperity in the developed world.

Michael Pento | May 23 | Micheal Pento

EUR/USD – Bullish Divergence At Key Support Pivot Suggests Consolidation

The EUR/USD fell from slightly above 1.28 starting in the 5/22 Asian session after it developed a bearish divergence with the RSI in the 1H chart. It has since fell sharply but is now testing (and cracking) the 1.2625 support pivot see in the daily chart below. In doing so, it has developed a bullish divergence with the RSI in the 1H chart.

Fan Yang | May 23 | FX Times

Euro Searches For Support, EU Summit To Provide Little Relief

The Euro bounced back from a fresh yearly low of 1.2614 amid the renewed effort to address the sovereign debt crisis, but the threat of a Greek exit may continue to drag on the single currency as European policy makers continue to move in their own interest.

David Song | May 23 | DailyFX