Forex Opinion & Analysis

Japan’s core inflation rises in June USD/JPY jumps over 1% The US dollar continues to rally as the Japanese yen is down for a fourth straight day. In Friday’s European session, USD/JPY is...

US unemployment claims fall to two-month low Canada’s retail sales expected to ease on Friday The Canadian dollar started the day with gains but the US dollar has rebounded after a strong...

Traders are still evaluating yesterday’s UK CPI data and are increasingly skeptical of a 50bps rate hike from the BOE next month. GBP/USD is falling for its 5 straight day, losing nearly 300...

The USDJPY bounce stalled at the 38% retracement today at 140.25 which could be the top of the bear flag pattern. Also, the 50dma is also near the highs today as well. A move back below 139.00 would...

The EUR/USD currency pair is currently in a state of uncertainty It is deciding whether to continue its upward momentum from last week's breakout or test the May high first The breakout from last...

Currently, the USD/JPY pair is at 139.83 and appears to be starting its third wave. The MACD is indicating an upward trend. If resistance is broken, then it is possible that we will see a continuation...

US employment claims expected to rise Japan’s core inflation projected to tick higher BoJ’s Ueda says no plans to tighten policy The Japanese yen is trading quietly on Thursday. In the...

Recent weakness in the US dollar has helped to propel commodities such as gold and silver higher.Today’s analysis shows a potential repeating pattern that could mean significantly more weakness...

The EUR/USD has gone sideways for four days following the strong consecutive two-bar breakout (July 12th and 13th) that closed far above the May high. This breakout is a strong enough surprise that...

UK CPI falls to 7.9% from 8.7%, core CPI 6.9% from 7.1% BoE base rate now seen peaking at 5.75% according to markets GBP/USD slips below 1.30 after the data It’s been a long time coming but...

Bullish:  USD/CHF is currently at 0.8582 in the bottom of the range.  MACD points the way up. If we can break resistance here, we are looking for a continuation to the ATR at 0.8650 with the...

UK inflation eases more than expected British pound tumbles close to 1% Pound slides as UK inflation lower than expectedThe British pound is sharply lower on Wednesday. In the European session,...