Forex Opinion & Analysis

The USD/CHF stalled ahead of the .8800 level breakdown point and at the 38% retracement at .8781. While below the .8800 level, the risk is for a move back toward the .8551 trend low.This is considered...

NZD/USD is down 1% China’s Caixin Mfg. PMI contracted in July The New Zealand dollar continues to show sharp volatility early in the week. In Tuesday’s European session, NZD/USD is trading...

Traders push back RBA rate hike bets until November WTI and Brent crude implied volatility falls to lowest since 2020 Turkey unloads a significant portion of gold holdings The Australian dollar...

The EUR/USD pair has been in a tight bear channel since the high of July. The bulls recently formed a parabolic wedge bottom (green line). However, the channel down is tight. Most parabolic wedges...

The GBP/CHF pair is currently at 1.1199, following an ABC correction of its last movement. The MACD indicator has yet to signal a downward trend. If the slope support is broken, we anticipate a...

RBA pauses rates Australian dollar slides 1.3% ISM Manufacturing PMI expected to remain in negative territory The Australian dollar continues to swing wildly this week. In Tuesday’s European...

Eurozone Q2 GDP returned to growth with a 0.3% advance reading (prior revised higher to 0.0%). Eurozone core inflation held steady at 5.3% Stocks have a flat session as traders await NFP Friday US...

The EUR/USD formed a parabolic wedge bottom (green line) at the July 28th low. The bulls are hopeful that the parabolic wedge bottom will lead to a sharp reversal up. However, most parabolic wedges...

Overview: The Bank of Japan took the market by surprise with its adjustment of the cap on the 10-year yield before the weekend, and then stepped in to buy the government bond as yields rose in...

Australian MI Inflation gauge jumps 0.8% AUD/USD climbs 0.80% RBA expected to pause rates on Tuesday The Australian dollar has started the week with strong gains. In the European session, AUD/USD is...

Prices pressures are abating, albeit gradually, while economic momentum is faltering. The data in the coming weeks will help shape expectations for rate decisions for September. As the market pushed...

The EURUSD formed an outside down bar yesterday, closing below the June high. With the five consecutive bear bars down to July 24th, the odds were high that the market was in a trading range and was...