Forex Opinion & Analysis

GBP/USD is currently at 1.2733 after a correction of the last move in a channel. MACD points the way down. If we can break support, we are looking for a continuation to the ATR target at 1.2671 with...

BoJ says no plans to exit easy monetary policy US to release ADP Employment report on Wednesday USD/JPY rebounds The Japanese yen has reversed a nasty three-day slide on Wednesday. In the European...

The USD/CHF stalled ahead of the .8800 level breakdown point and at the 38% retracement at .8781. While below the .8800 level, the risk is for a move back toward the .8551 trend low.This is considered...

NZD/USD is down 1% China’s Caixin Mfg. PMI contracted in July The New Zealand dollar continues to show sharp volatility early in the week. In Tuesday’s European session, NZD/USD is trading...

Traders push back RBA rate hike bets until November WTI and Brent crude implied volatility falls to lowest since 2020 Turkey unloads a significant portion of gold holdings The Australian dollar...

The GBP/CHF pair is currently at 1.1199, following an ABC correction of its last movement. The MACD indicator has yet to signal a downward trend. If the slope support is broken, we anticipate a...

The Japanese yen continues to slide and is down 1.41% this week. In Tuesday’s European session, USD/JPY is trading at 143.16, up 0.64%.Dollar/yen powers above 143The yen continues to lose ground...

RBA pauses rates Australian dollar slides 1.3% ISM Manufacturing PMI expected to remain in negative territory The Australian dollar continues to swing wildly this week. In Tuesday’s European...

BoJ announces JGB purchases Japanese yen’s slide continues The Japanese yen has extended its slide on Monday and is trading at 142.22, down 0.75% against the US dollar. BoJ surprises with JGB...

Eurozone Q2 GDP returned to growth with a 0.3% advance reading (prior revised higher to 0.0%). Eurozone core inflation held steady at 5.3% Stocks have a flat session as traders await NFP Friday US...

The EUR/USD formed a parabolic wedge bottom (green line) at the July 28th low. The bulls are hopeful that the parabolic wedge bottom will lead to a sharp reversal up. However, most parabolic wedges...

Overview: The Bank of Japan took the market by surprise with its adjustment of the cap on the 10-year yield before the weekend, and then stepped in to buy the government bond as yields rose in...

Australian MI Inflation gauge jumps 0.8% AUD/USD climbs 0.80% RBA expected to pause rates on Tuesday The Australian dollar has started the week with strong gains. In the European session, AUD/USD is...