Forex Opinion & Analysis

The EUR/USD reached the April 13th close early this morning, after yesterday closed as a bull bar closed on its high. The bears tried to create a 2nd leg trap following the three-bar breakout up to...

BoJ Governor Ueda says BOJ will maintain policy BOJ Core CPI rises to 2.9% US will release UoM Consumer Confidence later today USD/JPY is trading at 133.87, down 0.28% on the day.BoJ Core CPI climbs...

Perhaps it was the extent of First Republic Bank (NYSE:FRC)'s loss of deposits that were reported with earnings yesterday, but risk appetites dried up today. Asia Pacific equities were trounced...

As key central bank meetings draw closer, markets appear to favor European currencies to the detriment of the dollar, whose rate advantage is being eroded. The two-year EUR-USD swap rate differential...

The USD/JPY is off about 1% this month to bring the year-to-date decline to about 2.4%. It fell by 12.2% in 2022 and 10.3% in 2021. The yen rallied against the dollar for the five preceding years....

The EUR/USD is trying to reverse up to the April 13th high close. It was reasonable for the bulls to buy the April 13th close and scale in lower. Traders are waiting to see how disappointed the bulls...

The US dollar is mostly lower, led by the Swiss franc and euro. However, despite softer US rates and a victory for the LDP in local Japanese elections, the yen is trading with a softer bias. Japanese...

Elliott Wave analysis is different from other types of technical analysis, because it puts everything into context. No head & shoulders patterns just hanging there in space. No trading based...

As April draws to a close, the systemic stress in the banking sector continues to subside, and the market is turning its attention to likely rate hikes by Federal Reserve and European Central Bank in...

The EUR/USD will probably test the April 13th bull bar over the next couple of days. Although the April 13th bull close is a possible third leg up and a 2nd leg trap, it was reasonable to buy the...

Services PMIs showed stronger expansion in the eurozone Manufacturing PMIs indicated a stronger decline US PMIs follow later today PMIs point to strong services, weak manufacturingThe eurozone...

The Bank of Japan will hold its first policy meeting under the stewardship of Kazuo Ueda next week, although it’s looking unlikely that he will kick things off with a bang. The focus may...