Forex Opinion & Analysis

The JPY may be ready to retrace.The USD/JPY hit a new high for 2023 and quickly reversed with some downside follow-through today ahead of the weekend. A headline came out earlier about Japan's CPI...

AUD/USD extends gains US Core PCE Prices ticks lower The Australian dollar is higher on Friday. In the North American session, AUD/USD is trading at 0.6350, up 0.42%. The RBA meets next on November...

Central bank meetings continue in earnest with BoJ, Fed and BoE Fed and BoE to likely stand pat, but BoJ might tweak policy againNFP report and Eurozone flash GDP and CPI data also in focusFed pause...

ECB holds rates, as expected US to release Core PCE Price Index The euro is having a quiet day. In the European session, EUR/USD is trading at 1.0547, down 0.15%.ECB Holds Rates at 4.0%There...

Tokyo Core CPI climbs higher than expected US GDP jumps 4.9% The Japanese yen has steadied after three straight days of losses. In the European session, USD/JPY is trading at 150.11, down 0.19%.Strong...

USDJPY unlocks new high above 150 but with weak momentumTechnical signals mixed; support at 149.43USDJPY escaped the FX intervention risk on Thursday despite closing marginally above the 150 round...

Bullish:  We are currently @ 1.2110 in a range and a hard bounce. We have the start of convergence for the continuation up. We are looking for a continuation to the ATR target@ 1.2176 with the...

AUD/USD falls to lowest level since October 2022 US GDP expected to jump to 4.3% The Australian dollar has pared losses from earlier today. In the European session, AUD/USD is trading at 0.6303, down...

ECB expected to pause at today’s meeting The euro continues to lose ground and has fallen over 1% since Monday. In the European session, EUR/USD is trading at 1.0545, down 0.19%.Will the ECB...

EUR/USD has been in a downtrend for the last 2 years. The ongoing ominous megaphone is about to resume the end of the 1000+ pip rally off the lows.Original Post

Japan 10-year bond yields rose 1.5bps to 0.852% Odds of a yield curve control adjustment are growing for next week’s BOJ meeting Dollar-yen vulnerable to a surge above 150 on a robust US Q3 GDP...

The 18.5000 level is more important than you think.  The USD/MXN18.5000 level has capped the rally in recent weeks. And you can see the strong descending trend line capping the market. Even the...

After starting the week in retreat, the US dollar reversed sharply higher in the European session on Tuesday and is on the offensive on Wednesday. Dollar bulls have returned to active buying after a...

Bearish:  We are currently @ 158.51 in a new channel in a range. We have convergence for the continuation. We are looking for a continuation to the ATR target@ 157.79 with the further target for...