Forex Opinion & Analysis

EUR/JPY is currently at 157.27 in a channel in a range.  We have convergence for the downside move. A break of this support and we are looking for a continuation to the ATR Target at 156.66 with...

The Australian dollar has extended its losses on Wednesday and has dropped 1% on the week. In the European session, AUD/USD is trading at 0.6374, down 0.35%. The Australian dollar finds itself...

USDJPY marks new higher highsThe current state may be close to overbought territoryBulls need a durable move above 149.00USDJPY managed to keep a footing within a short-term ascending...

UK Mortgage approvals expected to continue to drop No major revisions are expected with the Q2 GDP report BOE overnight index swaps price in a peak rate of 5.369% at the Feb 1st meeting US Government...

The EUR/USD closed below the May 31st low for the first time. This indicates that the bears are getting a successful breakout below the May low. However, the bear channel is climactic and has not...

GBP/AUD  is currently at 1.8993 in a channel. We have convergence for the downside move. We are looking for a continuation to the ATR Target at 1.8900 with the further target for today the 1.000...

BoJ Ueda says the 2% inflation target has not yet been achieved USD/JPY pushes above 149 The Japanese yen was unchanged on Tuesday, trading at 148.85.BOJ’s Ueda Says Monetary Policy to...

Japanese policymakers are stepping up their “verbal intervention” in an attempt to boost the Japanese yen. USD/JPY is nonetheless in a healthy uptrend and breaking out to fresh 2023...

30-year Treasury yield rose 12bps to 4.645% vs 15.19% which was the peak in 1981. The Bloomberg dollar index has the best rally in three weeks, which is also the highest level since December BOJ...

Fed rate hike expectations for November 1st stand at 18.6% vs. 30% from a week ago Germany IFO Business climate declines for a fifth straight month 10-year Treasury yield surges 7.7bps to 4.511% The...

The EUR/USD is stalling at the May 31st low. The bears try hard to trap the bulls and get the downside breakout below the May 31st low. The bulls are trying to develop more buying pressure at...

Germany's Ifo business climate index held steady in September at the previous month's level despite expectations of further deterioration.The business climate indicator fell from 85.8 to 85.7, better...

GBP/USD is currently at 1.221 in a trend and a 5th wave. We have convergence for the downside move. We are looking for a continuation to the ATR target at 1.2162  with the further target for...