Forex Opinion & Analysis

Long US dollar positions were pared yesterday as rates unwound the gains scored in the wake of the Bank of Canada's surprise hike on Wednesday. It is consolidating today as the market looks toward...

USDCAD has been generating a structure of lower highs but higher lows after peaking at the 2023 high of 1.3860 in mid-March. Even though the price broke below the base of the symmetrical triangle...

SNB’s Jordan hints at a June rate hike US jobless claims jump Swiss franc climbs 1.2% The USD/CHF is showing limited movement on Friday, trading at 0.8998. On Thursday, the Swissie surged...

The RBA’s rate hike earlier this week is overwhelming a run of disappointing economic data out of Australia and China. China inflation data in Friday’s Asian session will be key for...

The EUR/USD pair posted solid gains on Thursday as the US Dollar Index weakened across the board following softer-than-expected US jobs data. At the time of writing, the EUR/USD pair is trading at the...

The EUR/USD is going sideways in a tight trading range just below the moving average. The bears have 19 bars completely below the moving average, a sign of bear strength. However, a tight trading...

AUD/USD hits one-month high Lowe warns inflation is too high China releases inflation on Friday The Australian dollar has bounced back on Thursday after losing ground on Wednesday. AUD/USD is trading...

Overview: The back-to-back surprise rate hikes by the Australia and Canada spurred speculation that the Fed could hike next week, and this lifted US rates and helped the dollar recover. The odds...

Contrary to the majority of economists’ forecasts, the BOC opted to raise interest rates The central bank cited sticky inflation in support of its decision USD/CAD is testing key rising trend...

The EUR/USD found buyers early this morning. The market will probably rally closer to the moving average (blue line) over the next few days. The tight bear channel that began in early May has...

Note: BOC Rate Statement TodayBullish: GBP/NZD is currently at 2.0529 in the channel. If we can break resistance here, we are looking for a continuation to the 1.618 Fibo/ATR target at 2.0603 with the...

Further signs of a slowdown in China came from the trade balance. The foreign trade data published in the morning was noticeably weaker than expected.Dollar-denominated exports fell by 7.5% YoY...

AUD/USD powers to 1-month high Australian GDP dips to 0.2% RBA expected to deliver more rate hikes The Australian dollar has extended its rally on Wednesday. AUD/USD is trading at 0.6689, up 0.28%....

USDJPY has been trading within an upward sloping channel since mid-March, crossing above crucial technical levels and posting consecutive higher highs. However, the pair has been trading sideways in...