Forex Opinion & Analysis

Bullish:  We are currently @ 144.38 after breaking out of the pennant.  IF we can break resistance here (1.618 Fibo), we are looking for a continuation to the 2.618 Fibo @ 145.05 with the...

Overview: The dollar is better bid today. It is rising against nearly all the G10 currencies, with the Antipodeans bearing the brunt, after a softer-than-expected Australian inflation report. The...

Australian inflation declines more than expected AUD/USD slides in response to the inflation report US Consumer Confidence jumps The Australian dollar is sharply lower on Wednesday. In the European...

USD/JPY sellers remain in control as traders become skeptical that Japan officials follow through on intervention threats. The yen has steadily weakened this quarter on US economic resilience and as...

We’ve heard from various central banks over the past two weeks and the takeaways remain the same: wait for more data to give further insight into the development of the economy and determine...

The Yen has been under pressure, losing 3.5% against the Dollar and over 5.6% against the Euro since the beginning of the month. The EURJPY has risen to its highest level since September 2008. The...

Canada’s inflation rate eases US Durable Goods Orders accelerates The Canadian dollar spiked and gained 50 points after Canada released the May inflation report but has pared these gains....

AUDJPY should have support at 9490/9470. Longs need stops below 9455.Targets: 9530, 9560, 9590. EURJPY We can try longs again at 155.30/10 with stops below 154.80. Targets: 155.90, 156.30, 156.70. Buy...

Australian inflation expected to slow in May The inflation report will have a significant impact on RBA decision in July The Australian dollar is in positive territory on Tuesday. AUD/USD rose as high...

Overview: Hawkish comments by ECB President Lagarde at the central bank symposium in Sintra and the PBOC's weaker dollar fix have weighed on the greenback today. It is lower against most of the...

Canada’s inflation expected to ease in May The inflation data could be a key factor in BoC’s July rate decision The Canadian dollar moved higher earlier on Monday but has pared these...

German Business Confidence falls for second straight month ECB’s Lagarde hosts central banking conference in Portugal EUR/USD is drifting higher on Monday. In the European session, EUR/USD is...