USD marching north, with more gains looking possible this week

​​There is no let up in the strength of the US$ with most counterpart currencies finishing on trend lows and looking as though there is going to be more of the same in the coming week. Commodities also took a hit, with Silver collapsing by 4% on Friday. The coming week will have Mario Draghi’s testimony to the EU in focus today, ahead of the flash manufacturing PMI’s tomorrow. Later in the week, the US Durable Goods

EUR/JPY near term losses look possible

​​The cross had a huge week in rallying sharply on the back of the general Yen weakness, to as high 141.21 on Friday, before collapsing to finish back below 140.00, but right on support at the 200 DMA. Further near term losses look possible and we could see a run towards 139.65 and possibly to 139.15. Although doubtful, back below 139.00 would suggest a run down to 138.50.

GBP/JPY spiking down to 169.33 like a rocket

​​GbpJpy made EurJpy look positively static by comparison, and after spiking down to 169.33 (Sept 9) it has since taken off like a rocket, in running up to 180.70, as the Scottish poll result became clear, before collapsing to finish at 177.50 where the 200 Month MA is acting as a magnate. No complaints about volatility!! We need to tread very carefully here

EUR/GBP will head lower as Cable outperforms

​​Having taken out the stops above 0.8040 the previous week in spiking up to 0.8065, the cross then spent last week chopping around just under 0.8000 before collapsing ahead of the Scottish vote, trading down to a low of 0.7810 and then bouncing, to close at 0.7875. With the vote now out of the way, interest rate differentials will again be the focus and thus it looks as though the cross will head lower as Cable outperforms

Economic Indicator News »

RBA Foreign Exchange Transaction at 381 M

The Reserve Bank of Australia reported that Foreign Exchange Transaction in...







Economic Indicator News »

House Price Index in China +0.5%

The National Bureau of Statistics reported that House Price Index in China came...







UDFOREX is a forex blog that shares trading experiences, analyses and reports from our contributors. Since its launch in March 2012, this web portal has become a clear tool for analysts and investors from over 80 different countries. Our currency experts povide news and commentaries including fundamental and technical analysis. We are constantly adding new authors to our database, if you would like to share your expertise to the world, do not hesitate it and contact us.


Euro to meet the long term objective 1.2754

​​The Euro is at 14 month lows and looks as though it is on its way to meet the long term objective at 1.2754 (9 July 2013 low) and with Mario Draghi due to speak today to the EU Governing Council on...

Investing.comForex Charts powered by


Euro managing to squeeze back above 1.2900

​​The dollar gave up some of its ground today, with the Euro managing to squeeze back above 1.2900 in choppy trade and after some mixed data from the US. Jobless Claims were better than expected (280K...