Forex Opinion & Analysis

Bearish:  GBP/USD currently @ 2.0551 in a channel in a range.  We have convergence for the continuation of the channel. We are looking for a continuation to the ATR target @ 2.0456 with the...

In New Zealand:New Zealand dollar rebounds after awful week Services PMI crawls into expansion territory Inflation expected to almost double in the third quarter The New Zealand dollar has started the...

The EUR/USD pair is consolidating around 1.0525 this Monday. Earlier, US Dollar Index gained ground, driven by the US inflation reports.The latest inflation statistics have reinforced USD's positions....

EURUSD stuck in a clear downward path, seems unable to recoverLatest rebound encounters strong resistance at key trendlineMomentum indicators endorse a resumption of the downtrendEURUSD has been in a...

USD/JPY begins the week fairly neutral to overbought inside a range from short 150.51 to long 148.49. For the 3rd week running , GBP/JPY and EUR/JPY trade oversold. GBP/JPY’s vital break at...

China inflation dips to 0.0% Australian dollar sinks after US inflation and employment data The Australian dollar is unchanged on Friday, trading at 0.6312. The Aussie was roughed up by the US dollar...

The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 149.63, down 0.12%.The US inflation report for September was unchanged at 3.7% y/y, but this was higher...

US headline CPI higher than expected US jobless claims remain low New Zealand Manufacturing Index declines The New Zealand dollar is lower on Friday after a massive plunge a day earlier. In the...

GBP/USD pair has finally bounced after a sustained downtrend The pair is now coming across a resistance zone Could it break above the resistance zone amid Fed's hawkish stance and a divided BOE...

GBP/AUD is currently at 1.9230 in a channel in a range. We have convergence for the continuation of the 5th wave. We are looking for a continuation to the 1.618 Fibo @ 1.9271 with the further target...

US CPI expected to ease US PPI surprised to the upside The Australian dollar is showing limited movement on Thursday. AUD/USD is trading at 0.6410 in the European session, down 0.05%. All eyes are on...

USDJPY keeps its footing on 20-day SMA at 148.75Broad uptrend intact, but technical signals warrant some cautionUSDJPY remains range-bound around its 20-day simple moving average...

UK GDP bounces back with 0.2% gain FOMC minutes: Restrictive policy to continue until inflation falls to target The British pound continues to have a quiet week. In the European session, GBP/USD is...

From FX weekly, EUR/USD 1.0665 traded to highs of 1.0639. Lows for the past 2 weeks achieved 1.0448 and 1.0528. Enter anywhere and all profited. GBP/USD 1.2351 achieved highs 1.2337. Lows for the past...