Forex Opinion & Analysis

EUR/NZD is currently at 1.7724 in a falling wedge in a range.  We have divergence for the up move. We are looking for a continuation to the ATR Target at 1.7783 with the further target for today...

Tokyo Core CPI expected to drop from 2.8% to 2.6% Japanese yen steadies after slide The Japanese yen has stemmed a 3-day slide, in which it declined around 1.5% against the US dollar. In the European...

Australia’s retail sales decelerate to 0.2% The Australian dollar is in positive territory on Thursday after three straight daily losses in which AUD/USD lost over 1% and hit an 11-month low. In...

Fed lifts dot plot, adds fuel to dollar’s enginesFocus turns to core PCE index, the Fed’s preferred inflation gaugeSlowdown could hurt the dollar, but broader outlook remains brightThe...

German Institutes see 2025 GDP at 1.5% Germany GfK consumer confidence hit lowest since April 2023 Euro Zone M3 money supply posts worst drop on record FX traders appear convinced that the ECB is done...

EUR/USD approached 1.1300 in mid-July on bets that the Fed would soon announce a pause and the ECB would have to keep hiking. Fast-forward to today, the pair is down for the eleventh week in a row and...

The EUR/USD closed below the May 31st low and formed a follow-through bar yesterday. At the moment, today is another strong bear breakout bar. However, the bears will have to prevent any strong...

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...

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...

The British Pound lost ground against the Dollar for the fifth consecutive session, falling below the 1.2200 level. GBP/USD is down 4% since the beginning of the month, when pressure on the Pound...