Forex Opinion & Analysis

The US dollar has continued its decline, reaching a two-month low at 103.6, driven by expectations of a Fed pause in rate hikes and potential future cuts. DXY faces technical challenges as it...

GBP/USD is at 1.2470 in a channel. We are looking for a continuation to the ATR target at 1.2500  with the further target for today the day chart top @ 1.2587 area. We have divergence in play so...

The EURUSD pair started the new week of November with a surge to a two-month peak, reaching the 1.0928 mark.Investors believe that the interest rate of the US Federal Reserve has peaked. The market is...

Japanese yen posts sharp gains on Monday The Japanese yen is up for a third straight day on Monday and has climbed 2% against the US dollar in the current rally. In the European session, USD/JPY is...

Eurozone inflation confirmed at 2.9% The euro is trading quietly on Friday. In the European session, EUR/USD is trading at 1.0870, up 0.17%. The US dollar sustained sharp losses after a soft inflation...

Fed minutes on Tuesday will be scrutinized for clues on rate pathEurozone business surveys to shed some light on recession risksJapanese inflation stats also in focus as yen attempts to recoverBruised...

Markets see 60% chance of RBA rate hike in H1 of 2024 US Treasury yields fall to 4.35% The Australian dollar has bounced back on Friday after losses a day earlier. In the European session, AUD/USD is...

USDCAD experienced a setback, falling below the 1.3800 handleBut quickly found its feet at the 50-day SMA and recouped some lossesMomentum indicators suggest a cautiously bullish...

The dollar has entered a consolidative phase, but yesterday’s price action gave us a glimpse of what could be more regular price action next year. EUR/USD got a brief lift yesterday from the...

US Dollar at major support.The US Dollar index is at major technical support. We are trading around the 38% retracement of the July 2023 lows to the October 2023 highs. The recent pullback Also is at...

EUR/JPY: Bearish - The pair is currently trading at 163.88 within a range with a breakout from a rising wedge pattern. The outlook is bearish, and we anticipate a continuation towards the Average True...

Australia’s employment jumps The Australian dollar is lower on Thursday. In the European session, AUD/USD is trading at 0.6492, down 0.27%.Australian Employment JumpsAustralian employment was...

Today’s Trade Ideas:I have sat and watched USD/CAD bounce around and retest the break point of the trend line over the past month - I think it is now worth trying a long again at 1.3670/50, with...

WTI oil futures driven by bearsWill the 2020 bar block the way down? WTI oil futures reversed their post-CPI increase above the 200-day SMA, dropping immediately after reaching a high of 79.77 on...