Forex Opinion & Analysis

Canada retail sales climb 2% The Canadian dollar has posted losses on Friday. In the European session, USD/CAD is trading at 1.3446, down 0.28%.Canada’s Retail Sales JumpCanada’s retail...

PCE inflation to grab attention on Friday as Fed signals higher for longerBut markets might be more worried about a government shutdown Eurozone flash CPIs will also be the in the spotlight on Friday...

UK retail sales improve, PMIs remain in contraction The British pound is in negative territory after two days of losses. In the European session, GBP/USD is trading at 1.2245, down 0.40%. The...

US dollar continues to strengthen on Fed's hawkish stance EUR/USD could continue to head lower on the back of weak data from Eurozone Meanwhile, GBP/USD is now edging closer to support level at 1.22...

USDCAD is in the red today, tests the support of the 200-day simple moving averageThe mixed momentum indicators complicate the outlookThe SMAs’ convergence could open the door to a sizeable move...

Bank of Japan maintains policy settings Japan’s core inflation unchanged at 3.1% The Japanese yen is lower on Friday, erasing all of the gains seen a day earlier. In the European session,...

US Dollar and Fed TakeawaysEurozone PMIs are on tap tomorrow, with expectations showing the potential for continued contraction. EUR/USD remains within a bearish channel as it tests a key support zone...

GBP/USD analysis: BoE holds policy at 5.2% in split decision What’s next for GBP/USD, and will US dollar rise much further? GBP/USD technical analysis continues to point lower Earlier, the Bank...

SNB surprises and holds interest rates Fed delivers a ‘hawkish hold’ The Swiss franc has fallen sharply on Thursday. In the European session, USD/CHF is trading at 0.9060, up 0.80%....

The Swiss National Bank left its key interest rate unchanged at 1.75%. On average, markets had been predicting a 25-basis point hike, contrary to our expectations.Most likely, market participants'...

GBP/AUD is currently trading at 1.9173 and seems to be moving within a channel, which might indicate the start of a possible 3rd wave. There is a convergence for an upward movement, suggesting a...

AUDUSD is edging lower today, reacting to yesterday’s key eventThe pair remains very close to the new 2023 low registered on September 6The momentum indicators appear to support the downleg at...

The Fed left interest rates unchanged as expected. The median FOMC member expects one more rate hike this year and two cuts next year. The US dollar is rallying in response to the “Hawkish...

The EUR/USD formed a Low 1 sell setup yesterday. However, there are likely buyers below. Most Low 1 sell setups have buyers below, which leads to deeper pullbacks. This is because the context for the...