Forex Opinion & Analysis

US Dollar Index making a slow recovery in the sideways trend as we head towards strong resistance at 102.65/75. This may be an opportunity to sell the dollar pairs (eg buy EURUSD or sell USDCAD).If...

RBA minutes state that the rate hike decision was close China’s central bank trims key lending rates The Australian dollar has hit a bump in the road and is down 1% this week. In the European...

GBP/USD hovered around a 14-month high vs the U.S. dollar at the start of this week. Traders and investors are looking at the Bank of England and wondering if its rate decision will fuel the uptrend...

Despite slow Monday sessions because of holiday in the US I updated some of the 4h/daily charts on the left. What I see is a dollar making some rallies vs other major currencies; ideally, a corrective...

RBA releases June meeting minutes UoM inflation expectations decline The Australian dollar has started the week with losses. AUD/USD is trading at 0.6848, down 0.39%. The Australian dollar gained...

ECB’s Nagel says tightening could continue after July US inflation expectations fall to lowest level since March 2021 The euro has started the week quietly. EUR/USD is trading at 1.0917, down...

The week ahead is less eventful than the week that just passed, which saw the anticipated hike by the ECB and the small cut by the PBOC. The Fed delivered the widely tipped hawkish hold and the US CPI...

US Dollar Index for the week will struggle to break 103.00’s and trade to 104.00’s as averages are again building at 102.00’s and 103.00’s to prevent a DXY rise. The weekly...

The EUR/USD pair reached a fresh one-month high on Friday and is headed to post its second weekly advance in a row following the Federal Reserve (Fed) and the European Central Bank (ECB) decisions on...

The central bank theme will continue in the coming week with the Bank of England and Swiss National Bank next to announce their interest rate decisions. Both are expected to raise their policy rates...

Bank of Japan maintains interest rate and yield curve control policy Japanese yen falls below 141 The Japanese yen is under pressure and has lost ground on Friday. In the European session, USD/JPY is...

Overview: The market has not yet become convinced that the Fed will in fact deliver the two hikes the median dot anticipates this year, and the dollar was sold off sharply yesterday, the day after the...