Forex Opinion & Analysis

Hello Gaugers. Happy holidays to you all. It is rare that three major religious holidays are all celebrated on the same weekend: Easter, Passover, and Ramadan.Everyone at MarketGauge wishes you and...

The EUR/USD pair entered a consolidative phase on Thursday amid thin trading conditions while investors wait for the U.S. nonfarm payrolls report. At the time of writing, the EUR/USD pair is trading...

The EUR/USD sold off yesterday as traders began to sell on the test of the February 1st close. There were scale-in bulls who bought the February 1st close, and they bought lower. These bulls were...

There is a fragile calm in the capital markets today ahead of the long holiday weekend for many. The poor US economic data yesterday and third consecutive decline in the KBW Bank index weighed on risk...

The EUR/USD came within 20 pips of the February 1st close. This is an obvious magnet for the bulls. Buying the February 1st close was reasonable since the market was in a bull channel and scaled in...

The Canadian dollar has edged lower ahead of the North American session. On the economic front, the US releases ADP Employment Change and the ISM Services PMI later today. There are no tier-1 releases...

There are three themes today. First, the sharp decline in US rates seen yesterday (-14 bp on the United States 2-Year yield) on the back disappointing economic data seemed a bit exaggerated and the...

The Reserve Bank of New Zealand made another rate hike of 50 points to 5.25%. Contrary to forecasts of a 25-point rate hike and the global trend towards a slowdown in policy tightening, the RBNZ has...

The pound has shrugged off dovish comments from BOE member Tenreyo while soft JOLTS data is leading to selling in the dollar. The US ADP report and NFP on Friday will greatly impact the...

The EUR/USD pair tried to form a double top lower high major trend reversal with yesterday’s sell signal bar. However, the market formed a bull reversal bar yesterday. The market is forming a...

The New Zealand dollar is almost unchanged ahead of the Reserve Bank of New Zealand (RBNZ) rate decision on Wednesday (New Zealand time). The US releases JOLTS Job Openings.NZD/USD is trading quietly...