Forex Opinion & Analysis

Record UK wage growth keeps the pressure on the BOE to deliver more tightening PBOC rate cut surprise shows officials growing concern with the property crisis Fitch warns US banks could face...

Another set of statistics from China has added to the wave of disappointment over the momentum of the world's second-largest economy, prompting a dichotomic response from regulators.Retail sales in...

The EURUSD formed a downside breakout yesterday and went below the July 6th buy signal bar high. Because the market was in a trading range, the odds favored the July 6th breakout point (gap) closing,...

UK job growth falls but wages soar UK releases CPI on Wednesday The British pound edged higher on Tuesday. In the European session, GBP/USD is trading at 1.2697, up 0.08%.UK job market cools but wages...

Bullish: USD/JPY is currently at 145.67 in a 3rd wave in a BIG channel. If we can push through resistance here, we are looking for a continuation to the ATR target at 147.20, with the overall target...

The US Dollar Index has gained more than 3.8% over the past month, fully retracing its losses from five trading sessions in early July after the NFP. This retracement carries extra weight; a sharp...

The market has decided the BOJ’s action two weeks ago was not decisive enough, and the Japanese yen continues to fall across the board. USD/JPY appears to be in the midst of a clean breakout to...

Japanese yen dips below 145 line Japan’s GDP expected to expand by 3.2% US retail sales projected to rise by 0.4% The Japanese yen continues to slide. USD/JPY touched the symbolic 145 line on...

EUR/USD: It's probable that the high buy signal bar from July 6th will be tested within the upcoming days. The July 6th buy signal bar led to a strong rally and trapped bears above its high. Since...

It appears that the GBP/USD is currently experiencing a bearish trend, with its current rate at 1.2659 in a fifth wave within a channel. If it can break through its current support, we can expect a...

UK wages expected to accelerate by 7.9% US retail sales projected to rise 0.4% The British pound is quiet at the start of the week. In the European session, GBP/USD is trading at 1.2701, up 0.05%.UK...

Australian dollar extends losses Australia’s wage growth expected to rise Chinese Industrial Production is projected to remain unchanged The Australian dollar started the week by dropping 50...

Readers of my column have been keeping well aware of the implications of a) USD following its daily chart downtrend, or b) painting the July plunge as a bear trap and going bullish again. We’ll...