Forex Opinion & Analysis

GBP/USD starts a new bearish wave but maintains a broad uptrend Technical signals reflect the appetite for more selling; eyes on 1.3100 GBP/USD resumed its negative momentum during Tuesday’s early...

Eurozone CPI data paves the way for more cuts. This comes at a time when the market is debating between a 25 or 50 bps cut by the Fed. Meanwhile, the EUR/USD pair is nearing a key support area. For...

USD/JPY rises for the fourth consecutive day, supported by US economic optimism. US employment data this week is crucial for Fed’s September rate decision and USD/JPY direction. Japanese economic...

The Swiss franc has edged higher on Monday. USD/CHF is currently trading at 0.8514, up 0.16% on the day. With US markets closed for Labor Day, we’re unlikely to see much movement from the US dollar...

The recent 7.4% rally in the AUD/USD from its 5 August 2024 low has been driven by a resurgence of risk-on behaviour and the US Fed’s dovish pivot. Weak China’s manufacturing PMI data and housing...

The US dollar, after hitting a yearly low, is showing signs of recovery. The jobs report will be a decisive factor for the rebound going ahead. Resistance is at the 102 level, with potential support...

EUR/USD recoups some losses Finds support near 20-day SMA Stochastics and RSI point north EUR/USD is recovering somewhat after three consecutive red days from its 13-month high of 1.1200. The price...

The Canadian dollar is almost unchanged on Friday. In the North American session, USD/CAD is trading at 1.3483 at the time of writing, down 0.01% on the day. BoC Expected to Cut for the Third...

USD/CAD changes the outlook to bearish after the fall below 1.360 Stochastic ticks up but RSI still holds near 30 zone USD/CAD is recouping some losses after the strong selling interest that...

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing. Australian Retail Sales Stagnate Consumer spending...

The Japanese yen is considerably lower on Thursday. In the North American session, USD/JPY rose as much as 0.69% today but has pared most of those gains and is trading at 144.93, up 0.25%. Tokyo Core...

Germany Data German inflation is slowing more than expected. According to a preliminary estimate from Destatis, the consumer price index fell 0.1% in August, and annual inflation slowed to 2.1%,...

USD/JPY is at 145.31 in a channel and a range.  We are looking for a continuation to the R4/ATR target at the 146.00 area. We anticipate a bearish reaction there. Watch the DX for direction, as it...

The Australian dollar has posted considerable gains on Thursday. AUD/USD is trading at 0.6816 in the European session, up 0.47% on the day at the time of writing. The US dollar continues to struggle...