Forex Opinion & Analysis

We have learned that almost all US Federal Reserve officials backed a 25-basis-points rate hike at the last FOMC meeting held on January 31 to February 1. Only a few officials favored a...

Resis The EUR/USD had done a good job holding below the moving average for 12 bars which is a sign of strength by the bears. The selloff has had a lot of overlap during those 12 bars. However, the...

The Reserve Bank of New Zealand hiked its cash rate by 50 points to 4.75% early in the day. The rate has been raised by 425 points over the last ten meetings since October 2021, the sharpest...

The surge in US interest rates and sharp losses in US stocks sent the dollar broadly higher in North America yesterday. The $42 bln of two-year notes auctioned by the US Treasury saw the highest...

The New Zealand dollar jumped after the Reserve Bank of New Zealand meeting but has pared most of these gains. In the European session, NZD/USD is almost unchanged at 0.6216.RBNZ hikes by 50 basis...

The CPI in Canada rose by 5.9% YoY in January, compared to a 6.3% increase in December. Prices for cellular services and passenger vehicles contributed to the deceleration in the all-items CPI, while...

The EUR/USD broke below the moving average and is trying to reach the January 6th low. The market has formed a wedge bottom in the past ten days and may have to rally for ten bars and two legs...

The New Zealand dollar is slightly lower on Tuesday. NZD/USD declined over 0.50% earlier but has pared most of these losses and is trading at 0.6240, down 0.20%.RBNZ expected to hike by 50 bpThe...

The US Dollar Index is higher and keeps recovering since the strong US jobs data was reported for January and then also after worse-than-expected US CPI figures. Retail sales were also good for...

USD/JPY has started the week quietly as it continues to trade at the 134 line. It was a rough week for the yen, which declined by 2% and dropped as low as 135.11, its lowest level this year. The US...

The crude oil market keeps floating on the waves of uncertainty. On Monday, a Brent barrel is trying to grow to 83.45 USD. However, purchases do not look reassuring.On the one hand, investors keep an...

The US dollar is mostly softer, but turnover is mostly quiet. The Swedish krona leads the move after higher-than-expected underlying inflation. It is a mild risk-on day with equities moving...

The euro showed some volatility at the start of last week but since then it has been in calm waters and has stayed close to the 1.0.7 line.ECB signals another 50 bp hikeThe ECB has been criticized for...