Forex Opinion & Analysis

US dollar stalls at the 106 resistance as investors turn focus to key inflation data EUR/USD pulls back from $1.073, eyeing support at $1.067 Meanwhile, Moody's downgrades the US credit rating...

The dollar starts the week quietly and is holding onto gains made after Fed Chair Jay Powell served up a reminder that the hiking cycle is still live. For this week, the FX market will be focusing on...

RBA warns of upside risk to inflation Fed’s Powell says rate hikes still on the table The Australian dollar has edged lower on Friday. In the European session, AUD/USD is trading at 0.6352, down...

GBPJPY advanced to its highest since late AugustTrades sideways after failing to extend its breakoutRSI and MACD are hovering in their positive regionsGBPJPY had been in a prolonged uptrend since...

UK GDP flat in third quarter The British pound is steady on Friday. In the European session, GBP/USD is trading at 1.2219, down 0.02%. The pound is coming off a nasty four-day slide, which declined...

EUR/USD is continuing to trade in a rising channel formation, reminiscent of a bearish flag given the trend that preceded it but recent signs may suggest it’s not that straightforward.The first...

EURUSD decelerates below 200-EMA resistancePositive structure remains intact above 1.0600EURUSD could not carry last week’s impressive rally above its 200-day exponential moving average (EMA),...

Recent turn of events have interrupted the EUR/USD pair's surge, prompting a broad correction Fed members have remained cautious in recent speeches, hinting at a potential status quo in interest...

BoE’s Bailey says no plan to cut rates The British pound has edged lower on Wednesday. In the North American session, GBP/USD is trading at 1.2287, down 0.10%. There are no tier-1 releases out...

Bullish:  We are currently @ 185.07 in a range. We have completed 4 waves and a break of the slope resistance and we are looking for a continuation to the 0.382 Fibo @ 185.81 with the further...

Inflation expectations ease to a two-year low The New Zealand dollar is slightly lower on Wednesday. In the European session, NZD/USD is trading at 0.5924, down 0.19%.NZ Inflation Expectations DipNew...

USDJPY enters 150 territory again, above SMAsTechnical signals mixed; 2023 uptrend well intact USDJPY is looking to resume its bullish trend ahead of Powell’s speech, having softly pivoted...

The data calendar remains quiet across developed markets, but we are hearing more from central bankers. Fed speakers have delivered hawkish comments, emphasizing the fight against inflation and...