Forex Opinion & Analysis

The GBP/USD has stabilized on Friday, after declining more than 1% a day earlier. In the European session, GBP/USD is currently trading at 1.2406, up 0.16% on the day. The US economy is in solid...

The euro has stabilized on Friday. In the European session, EUR/USD is currently trading at 1.0296, up 0.3% on the day. The euro fell as much as 1.2% a day earlier and fell below the 1.03 line for...

USD/CAD holds short-term range ahead of ISM manufacturing PMI. Bulls lose power but not the battle, uptrend intact above 1.4260. USD/CAD is in a wait and see mode. USD/CAD is holding steady within...

The first trading day of the year brought fresh pressure on European currencies. There is now a considerable risk premium being built into EUR/USD, and we suspect that both protectionism and the...

As the global markets reopen have the New Years’ Day, Japanese markets are closed for a holiday. It’s a very light economic calendar today, with no Japanese releases and only one US tier event –...

USD/JPY is edging lower on Thursday.  It continues to hover slightly below the key 158 level.  Momentum indicators show signs of weakness.  USD/JPY is trading slightly lower again on Thursday,...

EUR/USD remains range bound as the year comes to a close, with the pair trading just above 1.0400. ECB policymakers are cautious about future rate cuts due to a sluggish Euro. The US Dollar Index...

EUR/USD edges higher for third straight day. But unable to break past range ceiling. Upside momentum gathers some strength. EUR/USD has been trading sideways ever since its rebound attempt on...

The week of Christmas is typically a snooze fest in the forex world. With many institutional traders enjoying their eggnog and holiday cookies, market liquidity is thin, and trading ranges are...

Interest rates are always among the most important determinants of currency exchange rates, but over the past two years they have dominated. We cite the following two charts as evidence. The first...

The Japanese yen is showing little movement on Christmas Day. Japanese markets are open but with most global markets closed for the holiday, the currency markets will be very quiet today. In the...

The Japanese yen is showing limited movement on Tuesday. In the North American session, USD/JPY is trading at 157.33, up 0.11% on the day at the time of writing. The yen is having a dreadful time as...

GBP/USD finds strong support in 1.2480 region But upside momentum struggles to take off GBP/USD has managed to hold above the 1.2500 mark this week following last week’s post-Fed tumble that pulled...

The AUD/USD has posted slight losses on Tuesday. In the European session, AUD/USD is trading at 0.6247, down 0.18% at the time of writing. RBA Minutes Hint at Rate Cut The Reserve Bank of Australia...