Forex Opinion & Analysis

GBPUSD had been in a prolonged uptrend since October 2022, storming to a fresh 15-month high of 1.3141 on July 14. However, since then, the pair has been experiencing a prolonged downside...

The ECB hawks have stepped in to revive depressed rate expectations, but markets are opting for data dependency, and EUR/USD is set to face two key risk events with eurozone inflation figures before...

The Japanese yen continues to weaken amidst quiet trade to start the week – all eyes remain on potential intervention from Japanese authorities if it weakens further. USD/JPY is consolidating...

The Japanese yen is trading quietly at the start of the week. In the North American session, USD/JPY is trading at 146.60, up 0.11%.The yen has plunged 3.05% in August against the US dollar and is...

The answer may not come until later in the week.The dollar index finished with growth for the sixth week in a row, climbing on Friday to its highest since March and trading above 104.The dollar...

The EUR/USD pair is in a tight bear channel with no sign of a bottom. While the market is forming overlapping bars, the bulls are failing to get a strong entry bar following bull reversal bars. This...

Australian retail sales rebound with 0.5% gain Fed’s Powell keeps the door open to further hikes The Australian dollar started the week with gains but then retreated. In the European session,...

The Globex market rallied for a couple of legs during the overnight session. However, the rally is probably a leg in a trading range. The EUR/USD bears are hopeful they will get follow-through...

US dollar has broken out ahead of Powell's speech Meanwhile, EUR/USD is eyeing a trend reversal USD/JPY's rally has fizzled out Throughout the first half of the week, the US Dollar index maintained...

Tokyo Core CPI gains 2.8%, less than expected Powell and Ueda to speak at Jackson Hole symposium USD/JPY posted small gains on Friday, enough to push above the symbolic 146 line. On the data calendar,...

Strong US data has boosted the greenback ahead of Fed Chairman Powell’s highly-anticipated Jackson Hole speech tomorrow. GBP/USD is again testing support in the 1.2625 area, and a break of this...

Australian dollar slides close to 1% The Australian dollar continues to show strong volatility for a second straight day. In the North American session, AUD/USD is trading at 0.6426, down 0.84%. After...

UK yields fall amid economic uncertainty BoE expected to raise rates twice more this year to 5.75% Cable testing key support for a second day The pound is on the decline again, having fallen over the...

The EUR/USD bears recently broke below a bear channel yesterday. However, the breakout bar reversed up, forming a bull reversal bar. Yesterday’s bull reversal bar is within a tight bear...