Forex Opinion & Analysis

Bank of Canada expected to hold rates at 5.0% The Canadian dollar is steady on Wednesday. In the European session, USD/CAD is trading at 1.3758, up 0.12%.Bank of Canada Expected to Hold RatesThe Bank...

Australia’s CPI accelerates US PMIs show slight improvement The Australian dollar rose about 40 basis points on Wednesday after Australia’s CPI surprised to the upside, but has reversed...

USDCAD jumps above 1.3700 ahead of BoC rate decisionWill the pair breach the neutral triangle pattern too?USDCAD held its footing above the resistance-turned-support trendline drawn from the 2020 peak...

After sensational yen support of 150, Tokyo has sat back, allowing suspense to build Dollar, meanwhile, not collapsing, as US exceptionalism drives greenback’s strength Investing.com charts...

Bearish:  We are currently @ 2.0876 out of the rising wedge and starting the downward move. We have convergence for the continuation. We are looking for a continuation to the ATR target@ 2.0822...

UK labour market cools UK Manufacturing and Service PMIs decline The British pound is slightly lower on Tuesday, after climbing 0.68% a day earlier. In the European session, GBP/USD is trading at...

Stocks stabilized in the last few sessions and crude came down after the news that Hamas released some of the Israeli hostages. At the same time USD came lower pushed by lower US yields, but not sure...

Japanese PMI points to softness in manufacturing and services Speculation arises that BoJ could tweak the yield control policy The Japanese yen edged higher on Tuesday. In the European session,...

The EUR/USD formed a small bull close above the moving average last Friday. The bulls are hopeful this is the start of an upside breakout, however, the market has not clearly broken out above the...

Bullish: EUR/JPY is at 159.08 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@ 159.77 with the further target for...

USD/JPY briefly pushes below 150 Japan releases PMIs on Tuesday The Japanese yen is trading quietly on Monday. In the European session, USD/JPY is trading at 149.98, up 0.07%. The yen showed little...

Canada to release retail sales later today Fed’s Powell says inflation still too high, lower growth needed The Canadian dollar has edged higher on Friday. In the European session, USD/CAD is...

Central bank decisions in Eurozone and Canada coming upBut FX traders will likely focus more on the US GDP report Is the dollar set to realign with its superior fundamentals? Dollar turns to GDP stats...

Japanese core CPI falls below 3% Fed’s Powell says inflation too high, economy too strong The USD/JPY is slightly lower on Friday. In the European session, USD/JPY is trading at 149.96, up...