Forex Opinion & Analysis

USD/CAD’s long-term target was reported in January and updated in March at 1.3168, and 1.3033 traded today at 1.3150. USD/CAD formed a double bottom on today’s hourly chart at 1.3150....

Overview: The central banks of Norway and Switzerland have hiked rates by 50 bp and 25 bp, respectively. Attention is on the Bank of England. A 25 bp hike is widely expected, but after a strong...

BoE expected to raise rates at Wednesday’s meeting Powell signals two more rate hikes this year The British pound is calm on Thursday. In the European session, GBP/USD is trading at 1.2786, up...

Swiss National Bank expected to raise interest rates on Thursday Fed Chair Powell testifies before Congress Wednesday and Thursday The Swiss franc is showing little movement on Wednesday, trading at...

UK consumer inflation is in no hurry to recede. Fresh estimates for May showed prices up by 0.7%, following even stronger rises in the previous three months. Overall, the CPI rose by 4.2% between...

Canada releases retail sales Fed Chair Powell testifies before a House Committee The Canadian dollar is drifting lower on Wednesday. USD/CAD is trading at 1.3222 in Europe, down 0.10%. The US dollar...

Overview: The UK surprised with higher-than-expected consumer inflation and budget deficit, and the odds of a 50 bp hike tomorrow edged higher. Sterling has been sold on the news and is the...

UK core inflation rises in May BoE likely to raise rates on Thursday Fed Chair Powell testifies before House Committee The British pound has edged lower on Wednesday. GBP is trading at 1.2724 in...

NZD/USD is down 1.3% this week New Zealand consumer confidence rises Powell to testify before a House Committee on Wednesday The New Zealand dollar is sharply lower for a second straight day. In the...

The GBP/USD has found a new breath in recent days as the currency dominates the FX space heading into the Bank of England (BOE) meeting this Thursday. GBP/USD is hovering around a 14-month high, just...

The EUR/USD pair is moving a tad lower on Tuesday after two consecutive daily declines as US traders return to their desks following Monday's holiday.At the time of writing, the EUR/USD pair is...

UK inflation expected to fall to 8.4% on Wednesday BoE likely to raise rates on Thursday Fed Chair Powell to testify before House committee on Wednesday The British pound is lower on Tuesday. In the...

Bearish:  USD/CHF currently @ 0.8979 in a channel at the end of a corrective move.  IF we can break the slope support here, we are looking for a continuation to the ATR target @ 0.883 with...