Forex Opinion & Analysis

Overview: The drama in Russia captured the imaginations but failed to have much impact on the capital markets. Conventional wisdom sees it as a sign of Putin's weakness, but he has been...

Tokyo sends warning over yen’s deprecation Yen has slumped over 7% against US dollar since April USD/JPY is in positive territory on Monday. In the European session, the yen is trading at...

US dollar index beat resistance at 102.65/75 to hit the next target of 103.05/10. I think we have established a new range from 102.00/101.90 up to 103.00/20.  Holding this resistance targets...

EUR/USD begins the week trading a 114 pip range between vital points 1.0822 to 1.0936. EUR/USD last week traded a 168 pip range and 78 pips lower than 2 weeks ago at 238 pips. EUR/USD’s range 2...

The EUR/USD suffered a setback after the June PMIs revealed a slowdown in economic activity. Analysts were caught off guard by the contraction in French services, which dropped from 52.5 to 48.0 - far...

Eurozone and German PMIs weakened in June EUR/USD fell as much as 110 pips on Friday EUR/USD has taken a tumble on Friday. In the European session, the euro is trading at 1.0885, down 0.64%. The euro...

With all the major central bank decisions behind us, the spotlight next week will turn to a new round of inflation releases. The euro has been riding high this month, but whether it still has some...

Overview: As the market reluctantly edges toward the Fed's guidance, the disappointing PMIs from Europe (but also Japan and Australia) helped boost the greenback. The Dollar Index is trading at...

Canadian dollar gets boost from sizzling retail salesCanada’s retail sales are higher than expected Fed’s Powell stays hawkish, signals two rate hikes The Canadian dollar is almost...

The Bank of England raised its key rate by 50bp to 5.00% - a sharper move than analysts who had made their forecasts earlier in the week had expected. However, it's a logical move, given that the...

BOE raises rates by 50bps to 5.00% (not expected) CBRT raises rates 650bps to 15.00% (less-than-expected) Norges raises rate 50bps to 3.75% (not expected) The European growth picture isn’t...

Bearish: We are currently @ 2.0566 in a channel in a fractal 3rd wave IF we can break the 0.500 Fibo support here, we are looking for a continuation to the ATR target @2.0419 with the overall target...

The debate around Central Bank Digital Currencies (CBDCs) has been gaining momentum following the adoption of decentralized digital assets, such as Bitcoin, in recent years. According to the latest...