Forex Opinion & Analysis

The British pound is drifting on Wednesday. In the European session, GBP/USD is trading at 1.2784, down 0.06%.UK GDP Expands 0.2% in JanuaryIt wasn’t a spectacular rebound but the UK economy...

Bullish:  We are currently @ 189.37 in a channel  in a range.  We are looking to continue the channel to the ATR target @ 1190.12. There is  a further 0.214 Fibo target @...

An important Bank of Japan meeting is around the corner and Interest rates may go up finally. Meanwhile, the US CPI continues to stabilize above 3%. USDJPY Tests an important zone in the 146-147 yen...

USD/JPY trades sideways in anticipation of next week’s key eventsUSD/JPY’s correction halted a tad above the 200-day SMAMomentum indicators support the bearish trend but with less...

As of Wednesday, the EUR/USD pair is hovering near 1.0925 after experiencing a volatile session, with expectations for a more subdued week ahead. Recent statistical data highlighted...

The Japanese yen has looked sharp lately but is considerably lower on Tuesday. In the North American session, USD/JPY is trading at 147.75, up 0.55%. The yen has rallied for five straight days,...

EUR/USD trades neutral as US CPI inflation data loomShort-term upleg intact but risks remain below 1.0968EUR/USD has been capped below the 50% Fibonacci retracement of the 2020-2022 downtrend at...

The British pound has extended its losses on Tuesday. In the European session, GBP/USD is trading at 1.2799, down 0.26%.UK Job Market Slows DownThe UK labor market has remained resilient despite...

The USD/JPY pair has begun to rise, reaching 147.33. This shift follows five consecutive sessions of yen appreciation without interruption.Firstly, the US dollar has halted its rapid decline and shows...

Friday's employment report caused a mixed reaction in the markets, with an initial surge of optimism followed by a deterioration in sentiment as we delved into the details of the release. The...

The U.S. Dollar continues to be the most powerful currency in the world. And for this reason, it’s also the most watched.When the dollar is on the move, it can have an effect on the various...

Bearish:  We are currently @ 160.56 in a channel  in a range.  We are looking to continue the channel to the ATR target @ 159.80. There is  a further day chart target @...

Last week, the dollar faced selling pressure, reaching its lowest level in 7 weeks after the nonfarm payrolls data. Concerns about potential interest rate cuts by the Fed led to a correction, but...

The Japanese yen continues to make inroads against the US dollar. In Monday’s European session, USD/JPY is trading at 146.54, down 0.35%. The yen notched its fourth straight winning day on...