Forex Opinion & Analysis

Bearish: GBP/USD currently @ 1.2641 after topping out in a range. If we can break here, we are looking for a continuation to the ATR target @ 1.2534 with the further target the support @ 1.2500...

The British pound is steady on Wednesday after sharp losses a day earlier. In the European session, GBP/USD is trading at 1.2632, up 0.11%.UK Services PMI Expected to AccelerateUK Services PMI will be...

Euro slips to two-week low US ISM Manufacturing PMI expected to rise slightly FOMC minutes to be released later on Wednesday Germany, Eurozone to release CPI on Thursday The euro has steadied on...

The dollar jumped yesterday as investors started to return from the long Christmas break. Markets are unwinding some dovish bets, and questioning stretched equity valuations, ultimately favoring...

Trade ideas for Wednesday 3rd January 2024:Video Analysis:

·         USDJPY shows some progress ·         MACD and RSI turn up USDJPY started 2024 in a positive...

Euro slips below 1.10 line German and eurozone manufacturing PMIs contract The euro is down sharply on Tuesday. In the European session, EUR/USD is trading at 1.0969, down 0.62%. The euro hasn’t...

China Caixin Manufacturing posts slight growth The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6826, up 0.22%. The week between Christmas...

EURUSD in the red again today after making a new 5-month highThe key resistance area at 1.1032 is playing a key role in this moveMomentum indicators signal that the current bullish move has probably...

Based on the long-term chart, I cannot write the USD off yet.Original Post

The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 141.75, up 0.27%.The US dollar has taken a tumble in recent weeks against most of the major currencies,...

Chicago PMI expected to decelerate China releases PMIs on Saturday The New Zealand dollar is in negative territory on Friday. In the European session, NZD/USD is trading at 0.6308, down 0.37%. The US...

Spanish CPI lower than expected at 3.1% Chicago PMI expected to decelerate to 51.0 The euro is calm in Friday trade. In the European session, EUR/USD is trading at 1.1053, down 0.08%.Spanish CPI Dips...

NFP report and Eurozone CPI will be the week’s focal point on FridayFOMC minutes and ISM PMIs will also be crucial for the US dollarCanadian employment and Chinese PMIs might attract attention...