Forex Opinion & Analysis

Japan's headline inflation rate slowed from 4.3% to 3.3% in February. The point is that prices fell by 0.6% for the month, so the slowing annual inflation cannot simply be attributed to a high base...

The pendulum of market expectations has swung dramatically and now looks for 100 bp cut in the Fed funds target this year. That seems extreme. At the same time, the dollar's downside momentum has...

After an impressive rally, the euro is falling for a second straight day. In the European session, EUR/USD is trading at 1.0739, down 0.86%.German manufacturing falls, services riseGerman PMIs were a...

USD/CAD is forming a potential descending triangle pattern into 1.3650 support. A break lower could expose support at 1.3560 or 1.3500 next. Canadian retail sales and US PMIs on Friday will play a big...

The GBP/USD pair advanced for a second day in a row on Thursday, following the Bank of England's (BoE) decision to raise its main interest rate by 25 basis points to 4.25%. The BoE didn't rule out...

The EUR/USD is Always In Long and currently testing the February 1st close. The bears are hopeful that they can form a lower-high major trend reversal. However, the rally from the March 15th low is...

The Swiss National Bank continued to tighten its monetary policy by raising its key interest rate by 50 points to 1.5% today. This decision is broadly in line with the market expectations of...

The EUR/USD pair has advanced modestly on Wednesday as investors remain sidelined ahead of the Federal Reserve Open Market Committee (FOMC) decision. At the time of writing, the EUR/USD pair is...

Struck right between a rock and hard place, today the Fed will deliver its difficult policy choice. The FOMC will have to choose between supporting the financial system and fighting inflation. They...

The EUR/USD is likely Always In Long following the four consecutive bull bars. The bulls want a successful breakout above the March 15 high. Next, they want to reach the February 1st close. There...

UK consumer prices rose by 1.1% in February. Instead of the expected slowdown in annual inflation from 10.1% to 9.9%, we saw an acceleration to 10.4%. The core CPI returned to 6.2% y/y.This is an...

AUD/USD is currently at 0.6683 after the breakout of the slope support. We are in a range. We are looking for a continuation to the  ATR target at 0.6590 with a further target of 1.000 Fibo at...