Forex Opinion & Analysis

The NZD/USD pair has dropped to a seven-week low, touching 0.6091, as the sell-off that started on 1 October continues to intensify. The New Zealand dollar's weakness is largely attributed to the...

NZD/USD continues the bearish correction Technical oscillators are mixed NZD/USD plunged significantly after the RBNZ’s decision to cut interest rates by 50 bps. The pair remained closed to the...

The RBNZ cut New Zealand’s cash rate by 50bps to 4.75% in October Markets were priced for 44bps of easing, with 89 expected over the remainder of 2024 Markets now deem a follow-up 50 in November as...

The Australian dollar has extended its losses for a sixth straight day and is down 2.5% during that period. In the European session, AUD/USD is trading at 0.6736, down 0.29%. RBA minutes: Board...

USD/CHF is poised for a potential bullish move following a recent breakout, supported by a confluence of technical and fundamental factors. The Swiss National Bank’s preference for a weaker CHF and...

Forex Strategies Bearish: GBP/USD is currently @ 1.3103 in a channel in a range and a flag pattern (bearish). We are looking to come out of the flag and target the confluence of the Day chart...

Political turmoil in Japan is not conducive to further interest rate hikes, weighing on the yen. Meanwhile, US labor market remains strong, and Fed may be mulling a smaller hike. With this backdrop,...

GBP/USD stops near 1.3100 Momentum oscillators suggest upside recovery GBP/USD is pausing its downward wave that started from the two-and-a-half-year high of 1.3433, hovering near the 50-day simple...

The yen has stabilized after massive losses last week. In the North American session, the USD/JPY is trading at 148.03 at the time of writing, up 0.45%. Ishiba’s U-turn sends yen reeling The yen is...

This week could be very interesting, especially after last week’s volatility in the currency markets. The US dollar saw strong gains following speculation and comments from the Fed indicating they...

Last week came across as a game-changer for USD/JPY directional risks US interest rate outlook remains key to USD/JPY movements Fedspeak, Treasury auctions, US CPI key event risks ahead USD/JPY...

USD/JPY Bullish to Bearish: We are currently @ 148.18 in a channel and a third wave. We are anticipating an ABC Down before a resumption of a 5 wave up. If we can break support @ 148.10, we should...

The British pound continues to lose ground on Monday after a dismal week. In the European session, GBP/USD is trading at 1.3063, down 0.48% on the day and its lowest level since October 12. The pound...

Strong jobs data and geopolitical tensions boost the Dollar Index ahead of key inflation reports. Shifting Fed rate cut expectations position the greenback at a crucial resistance level. Ahead of...