Forex Opinion & Analysis

ECB’s Lagarde says inflation fight not over US PMIs paint a mixed picture The euro is almost unchanged on Tuesday. In the North American session, EUR/USD is trading at 1.0948, down 0.05%.Lagarde...

·         Gold surges in short-term ·         Stochastic stands in overbought area, indicating bearish...

2024 Market Outlook Key PointsAfter two years of aggressive interest rate hikes, traders think 2024 will bring a “pivot” to interest rate cuts from major central banks. Scenarios for...

At the start of a quiet week for data, the dollar is hovering near recent lows. However, we do not think this is yet the start of the big, cyclical turn lower in the dollar we expect for next year....

EURUSD attempts a strong rebound from 2023 lowsPosts a fresh 3-month high before paring some gainsMomentum indicators endorse a resumption of the advanceEURUSD has been in a recovery mode...

The Pound Sterling gathered further strength against the United States Dollar (USD) this week, as GBP/USD renewed a two-month high just shy of the 1.2600 level. The pair remains exposed to further...

German Ifo Business Climate Index rose for the third consecutive month. Still, this recovery is weaker than expected, putting the Euro in a more vulnerable position against the Pound and Canadian...

Oil’s fortunes hinge on OPEC+ meeting outcome on ThursdayEurozone flash inflation and US core PCE also due on ThursdayRBNZ to likely hold rates on WednesdayLoonie faces GDP and employment tests...

German GDP shrinks in Q3 US to release manufacturing and services PMIs The euro is almost unchanged on Friday. In the European session, EUR/USD is trading at 1.0903, down 0.03%.German Economy...

New Zealand retail sales flatline in Q3 US releases PMIs later today The New Zealand dollar has posted slight gains on Friday. In the European session, NZD/USD is trading at 0.6059, up 0.17%. The New...

PMIs came in stronger than expected in the eurozone and the UK yesterday and will be released in the US today. Despite the notion that eurozone growth pessimism may have peaked, rate differentials...

The British pound has gained ground on Thursday. In the North American session, GBP/USD is trading at 1.2536, up 0.34%. Earlier today, the pound touched a high of 1.2569, its highest level since...

OANDA Senior Market Analyst Craig Erlam discusses the recent moves in EUR/GBP in light of this morning’s PMI data. Original Post

The GBP/USD managed to make back its losses from the day before and some. It was boosted by stronger-than-expected PMI data, which helped to push rates well north of the 1.25 handle to reach its...