Forex Opinion & Analysis

A couple of weeks ago, we highlighted the US Dollar as an asset ready for a big move.King Dollar was trading sideways and at important price resistance, so something had to give. Today, we...

The US 500 index breaks downtrend after amazing rallyShort-term bias bullish, but overbought conditions evidentThe US 500 stock index (cash) enjoyed its fastest daily rally (+2%) in a year on Tuesday,...

Bearish:  We are currently at 187.50 in a range with a double top now in place. We are looking for a continuation to the ATR target at 186.83  with the further target for today the 0.500...

UK inflation falls to 4.6% US inflation eases to 3.2% The British pound is lower on Wednesday. In the European session, GBP/USD is trading at 1.2459, down 0.31%.UK Inflation Drops More Than ExpectedUK...

Australian wage growth hits record high US inflation slips to 3.2% Australian job growth expected to rise The Australian dollar is unchanged on Wednesday, after massive gains a day earlier. In the...

The dollar plummeted yesterday after a softer-than-expected US CPI reading. But we still think a turn in activity data - more than the disinflation story - is needed to take the dollar sustainably...

GBPUSD breaks out of triangle but 200-day SMA curbs advanceDespite a mild pullback, the bulls conquer the 50-day SMAOscillators suggest that positive momentum is picking upGBPUSD had been forming...

Consumer confidence slides Business confidence eases while business conditions improve The Australian dollar has edged lower on Tuesday. In the European session, AUD/USD is almost unchanged, trading...

The value of the US dollar has returned to prominence this year, reaching near new annual highs.Since July, the value of the dollar against a basket of foreign currencies (as measured by the US Dollar...

Traders and economists expect headline CPI to decelerate to 0.1% m/m (3.3% y/y). The “Core” CPI figure is expected to print unchanged at 0.3% m/m (4.1% y/y). With the decline in the...

Australian dollar breaks five-day losing streak Business, consumer confidence will be released on Tuesday The Australian dollar has edged higher on Monday. In the European session, AUD/USD is trading...

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...