Forex Opinion & Analysis

EUR/AUD currently @ 1.6402 after topping out and making the turn. We are looking for a continuation to the ATR @ 1.6333 with the overall target the 2.618 Fibo @ 1.6321. Watch the USDX for direction....

U.K. inflation is highest among G7 countries and inflation in Eurozone is expected to stay elevated until 2025 This is set to ensure a hawkish policy until inflation is under control Meanwhile,...

New Zealand’s central bank takes a pause after 12 consecutive hikes New Zealand Manufacturing PMI expected to show manufacturing is stalled US inflation expected to decline to 3.1% The New...

UK unemployment rises to 4% in the three months to May, up from 3.8% Average earnings hit 7.3% (excluding bonus) and 6.9% (including bonus) Markets expect BoE to raise rates another 1.25% UK jobs data...

The EUR/USD formed a strong follow-through bar yesterday after last Friday’s strong bull close. The market exceeded the June 22 high early this morning and reversed down. At the moment,...

Bearish:  AUD/NZD currently @ 1.0772 in a rare trend. We are looking for a continuation to the ATR at  1.0692 with the overall target the day chart bottom @ 1.0580.  Should see a bounce...

New Zealand central bank expected to pause after 12 consecutive hikes New Zealand Manufacturing PMI expected to show manufacturing is stalled The New Zealand dollar is lower on Tuesday. In the...

Overview: The greenback remains under pressure. The USD/JPY short squeeze continues, and strong wage growth has helped lift sterling to new highs since last April. Among the G10 currencies, only the...

UK employment falls but wage growth remains high BoE Governor Bailey says inflation will fall but more rate hikes needed The British pound has edged upward on Tuesday. In the European session, GBP/USD...

The US dollar is stabilizing after Friday’s big NFP-driven drop, but a Fed rate hike later this month remains the odds-on likelihood ahead of CPI tomorrow. GBP/USD dropped a quick 100 pips at...

US nonfarm payrolls decline Canada adds 60,000 jobs Bank of Canada expected to raise rates on Wednesday The Canadian dollar is trading quietly at the start of the week. In the North American session,...

The EUR/USD Bulls got a strong upside breakout last Friday. This was the entry bar for the wedge bull flag buy signal bar formed last Thursday. Last Friday’s bull breakout is strong enough to...

The US CPI report for June will be keenly awaited on Wednesday (12:30 GMT) as investors remain undecided about the timing of the Fed’s next rate hike. The producer price index will follow on...