Forex Opinion & Analysis

With cracks appearing in the US banking system, markets think there’s a chance the Fed won’t raise rates next week. But considering that the Fed has already taken measures to ease...

The Japanese yen is in positive territory on Friday, trading at 133.02, up 0.56%. USD/JPY touched a one-month low on Thursday, falling as low as 131.72.How will BoJ react to the new wage agreement?The...

The support for First Republic Bank (NYSE:FRC) shown by a consortium of US banks by shifting $30 bln of deposits is helping break the financial anxiety that has gripped the market for more than a...

USDCAD has been in a steady uptrend after bouncing off its 2023 low of 1.3262 in late January. However, the pair experienced a pullback and has been trading sideways since the 1.3850 ceiling capped...

It has been a busy week for the euro, reflecting the gyrations we’re seeing in the financial markets. EUR/USD has bounced back from a mid-week slide and is trading at 1.0661, up 0.46% on the...

EUR/USD’s megaphone formation shows how confused these markets are. A critical cluster of support around the 1.05 area.Disclaimer: This post is informational only. This post is not trading or...

The market formed a surprise bear reversal bar yesterday. However, it follows a 5-bar bull micro channel. While yesterday’s bar is probably strong enough to have a 2nd leg down, it will likely...

Bearish: GBP/JPY is currently at 155.85 after the pullback in a range and a channel. We are looking for a continuation to the ATR target at 158.81 area with a further target at 0.618 Fibo at 158.50.We...

The euro rebounded on Thursday after sliding 1.5% a day earlier, its worst daily showing since September 2022. In the European session, EUR/USD is trading at 1.0613, up 0.35%.The financial markets are...

The pendulum of market psychology is swinging dramatically. Amid the US banking crisis, Credit Suisse's long-running pressures percolated back to the top-of-mind, sending ripples through the capital...

Markets Remain Nervous Earlier today we had described a ‘nervous calm’ returning to financial markets. That has not lasted long at all as attention has switched to Europe and the...

EUR/USD managed to get two bars completely above the 20-period moving average (blue line). This was enough to make the market enter a trading range. However, the bears got 22 out of 23 recent closes...

The Australian dollar, which posted strong gains early in the week, has run into a wall on Wednesday. In the European session, AUD/USD trades at 0.6638, down 0.66%.Australian job growth expected to...