Forex Opinion & Analysis

The USD/CAD has started the week with small gains. In the European session, USD/CAD is trading at 1.3958 at the time of writing, down 0.15% on the day. There are no tier-1 events out of Canada or the...

The EUR/USD is recovering on Monday, rising more than 0.5% against the US Dollar, reclaiming the 1.0478 level after hitting its lowest level in nearly two years last Friday.While Monday's decline in...

Key data and geopolitical risks could shape the dollar’s next move. Recent volatility signals shifting dynamics for the greenback. However, the bullish outlook seems to be intact ahead of thin...

EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the...

EUR/USD sold off to 1.0332 earlier on Monday after weak Eurozone economic data led traders to raise their bets on a big rate cut by the ECB. This drop comes on the back of a bigger selloff from...

As Trump eyes reelection, several forces are shaping currency movements: But what does this mean for traders? The Euro? Facing pressure as the USD strengthens. The Yen? Still a haven, but watch how...

The USD/JPY pair has lost its upward momentum and appears poised to break below the ascending channel that has supported its rise since September.  A key support level to watch is 151.50, which could...

Friday's release of softer-than-expected eurozone PMIs have proved the catalyst for EUR/USD to break to the downside of its two-year trading range. Even though a near 7% drop in just two months is an...

The pound has made strong losses against the US dollar in the third quarter so far, having been overheated in September. Donald Trump’s election has generated some negativity due to the likely...

The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK Retail Sales Weaker Than Expected UK...

The USD/JPY pair remains stable at approximately 154.30 amid global economic fluctuations and expectations of potential Japanese stimulus measures.   Japan's latest inflation data for October...

A combination of factors are contributing to the strong dollar, and with geopolitical risks on the rise, we believe it may be risky to try and pick a bottom in EUR/USD just yet. Incidentally, PMIs...

BOJ Governor Ueda characterized the outcome of next month’s monetary policy meeting as “unpredictable,” re-opening the door for a potential interest rate hike. Traders are now pricing in 50/50 odds...

Forex Strategy is Bullish: We are currently @ 1.2647  after a bounce. If USDX continues down, we are looking for a continuation to the ATR target/Range top  @ 1.2727 area and then to the 1.270  Fibo...