Forex Opinion & Analysis

Bullish EUR/AUD: We are currently at 1.6495 just out of the flag pattern. We are looking for a continuation to the 1.000 Fibo at 1.6533 with the overall target ATR target at 1.6579. Watch the USDX for...

Weak Chinese manufacturing data put pressure on the single currency as Europe, particularly Germany, is highly correlated with China.However, the Eurozone's data is not so bad today. The number of...

Canada to release GDP US debt ceiling deal off to Congress The Canadian dollar is trading close to a two-month low, as the currency remains under pressure. USD/CAD is trading at 1.3646 in the European...

Overview: The US budget agreement passed a House committee vote by 7-6 and the bill is scheduled to be voted on by the entire House today before the Senate take it up with the idea of passing it...

RBA’s Lowe says inflation fight not over Australian inflation rises to 6.8% US Treasury yields fall on debt ceiling deal Australian inflation rose in the first quarter, but the Australian dollar...

During yesterday's sleepy markets, I highlighted the rally in bund futures (rising prices, falling yields) may signal similar price action at the subsequent session, when US bond yields/prices return...

EUR/USD takeawaysThe US debt ceiling deal was priced in and is not providing a boost for US assets as traders return from a long holiday weekend. US Consumer Confidence came in above expectations at...

Growing speculation for another Federal Reserve rate hike may keep the USD buoyant as the Personal Consumption Expenditure (PCE) Price Index points to sticky inflation. The unexpected uptick in the...

The EUR/USD is forming a parabolic wedge bottom (purple line) after testing the March 24th low. The bulls want a strong reversal up; however, as I have said several times, the selloff from the May...

Note: CB Consumer Confidence is this AMBearish: EUR/JPY currently at 150.08 after putting in a top. If we can break the support here, we are looking for a continuation to the 1.000 Fibo/ATR target at...

Japanese yen falls below 140 Japan’s Ministry of Finance issues warning US debt ceiling heads to Congress USD/JPY is showing little movement on Tuesday. In the European session, USD/JPY is...

The dollar continues to rally, having gained around 3.4% from its early May lows, and has hovered around 104.2 for the past four trading sessions. The dollar is in locally overbought territory against...