Forex Opinion & Analysis

The EURUSD is trying to reverse up. However, any bull reversal is likely to be minor. The bear channel down from the May high is tight, which increases the odds of sellers above and a 2nd leg...

GBP/JPY is currently at 172.39 and back in the channel. If we can break resistance here, we are looking for a continuation to the ATR target of 173.23. Watch the USDX for directions. The average...

BoJ Core CPI expected to ease USD/JPY steadies after extended slide In Monday’s European session, USD/JPY is steady, trading at 137.90. The yen gained 0.53% on Friday, after a nasty slide last...

Federal Reserve Chair Powell's offered a stronger case for a pause in the monetary tightening before the weekend and this sapped the dollar's mojo. The US Dollar Index is mostly consolidating through...

Mostly stronger-than-expected economic data, hawkish rhetoric by several Fed officials, some signs of progress on the perverse drama over the debt ceiling, and a solid week for bank shares helped the...

The EUR/USD pair managed to regain some of the lost ground on Friday after sliding to its lowest level in nearly two months earlier on the day. At the time of writing, the EUR/USD pair is trading...

The RBNZ looks set to raise rates for a 12th time in the coming week, while inflation figures out of the United Kingdom and United States will be crucial in shaping rate hike expectations. After some...

Hawkish comments from Fed officials and the first decline in continuing unemployment claims below 1.8 mln in two months boosted US rates and the odds of a June rate hike rose to about 37%. This...

The US dollar has exhibited strength this week, largely driven by optimism and speculative anticipation regarding the US debt-ceiling. Market speculators anticipate the approval of the debt-ceiling...

Traders are betting that the BOC will have to end it’s “conditional pause” with a rate hike after a solid CPI report earlier this week. USD/CAD is consolidating in the middle of a...

The US dollar has strengthened against its major rivals over the past two weeks, gaining 2% against a basket of major currencies. The Dollar Index surpassed 103, a level not seen since the second half...

The EUR/USD is Always In Short, following the bear breakout that ended on May 12th. the follow-through selling is strong enough that the first reversal up will probably be minor. This means the best...

Bearish: EUR/AUD is currently at 1.6275 at the start of a channel. If we can break the support here, we are looking for a continuation to the ATR target at 1.6142 with a further target the 2.618 Fibo...

Australia’s employment change declines Markets lower expectations of a Fed pause in June The Australian dollar resumed its downswing on Thursday after taking a pause a day earlier. AUD/USD is...