Forex Opinion & Analysis

From FX weekly, EUR/USD 1.0665 traded to highs of 1.0639. Lows for the past 2 weeks achieved 1.0448 and 1.0528. Enter anywhere and all profited. GBP/USD 1.2351 achieved highs 1.2337. Lows for the past...

The EUR/USD is testing above the September 29th Major lower high. The market is likely converting into a trading range and will begin to go sideways for the next couple of weeks. Overall, traders...

Bullish: GBP/AUD is at 1.9163 in a channel in a range. We have convergence for the continuation move. We are looking for a continuation to the 1.00 Fibo at 1.9201 with the further target for today the...

Australian inflation expectations projection to decelerate The Australian dollar has edged lower on Wednesday. AUD/USD is trading at 0.6419, down 0.20%. The Aussie is coming off a five-day rally,...

UK growth expected to rebound in August Fed members more dovish due to the increase in US yields The British pound is calm on Wednesday. In the European session, GBP/USD is trading at 1.2297, up...

German inflation declines Fed to release minutes of September meeting The euro continues to have an uneventful week. In the European session, EUR/USD is trading at 1.0613, up 0.08%.German Inflation...

Dollar Index at so-called inflection point, pending Fed chatter on rates and CPI DXY down 2nd week in row, short-term potential to rebound Inflation reading might have to be a blockbuster number to...

Oil rally cools and prices settle below $86 a barrel US diesel export to Europe approach highest levels since 2019 Wall Street awaits key CPI report and bank earnings The Canadian dollar continues to...

The US Dollar fell four out of five days to the Euro as the 10-Year Treasury dropped 14.8bps to 4.655%Atlanta Fed GDPNow estimate for Q3 rose from 4.9% to 5.1% Treasury 3 -year auction sees lowest...

The Japanese yen is drifting on Tuesday. In the North American session, USD/JPY is trading at 148.67, up 0.10%.The Bank of Japan continues to stick to its script that inflation is transient and that...

Australian consumer confidence rebounds, business confidence eases Fed members say higher bond yields could cool inflation The Australian dollar is unchanged on Tuesday, trading at 0.6412.Australian...

The strength of the US dollar dominates forex markets, dimming the Euro's prospects. Geopolitical events in the Middle East fuel risk aversion, boosting the dollar's safe-haven status. Factors like...

Yen rises as Israel-Hamas conflict “triggers risk off” response FOMC minutes, US CPI, and UoM Consumer Sentiment among key data The weekly doji candle at 150.00 provides a potentially...

German Industrial Production declines for the fourth straight month The euro has started the week with losses. In the European session, EUR/USD is trading at 1.0527, down 0.57%.Germany’s...