Forex Opinion & Analysis

GBP/JPY marks new higher high; remains restricted Resistance near 198.50; support seen around 196.00 GBP/JPY charted a three-month high of 198.42 at the top of a bullish channel, increasing...

EUR/USD has tumbled to 1.0789, marking a near three-month low as market sentiment heavily favors the US dollar. The dollar's strength is driven by expectations of a gradual and limited interest rate...

EUR/USD continues to move in the opposite direction to US interest rates Economic sentiment towards the US and Europe is diverging quickly, which in an early contrarian warning signal Flash PMI...

This is the first BRICS summit since Egypt, Ethiopia, Iran, and the UAE joined the bloc earlier this year. Among many things on the agenda is the issue of reducing reliance on the US dollar in...

The Canadian dollar is in negative territory on Wednesday. In the North American session, USD/CAD is trading at 1.3844 at the time of writing, up 0.20%. The Canadian dollar has posted only three...

Forex Strategies Bullish: GBP/NZD is currently @ 2.1559 in a range. We have convergence in play for the upmove. We are looking for the continuation of the ATR target @ 2.1629 and then a reversal....

The Canadian dollar has weakened against most major currencies (except against the JPY) in the past four weeks. Short-term FX positioning suggests that the expected BoC’s 50 bps cut may have been...

The EUR/USD market has spent the last 3 weeks depreciating within a 15-month-old symmetrical triangle. We are now getting very close to the trendline support which passes from 1.075. This is clearly...

The USD/JPY currency pair surged to near three-month highs, hitting 151.79, driven by the strengthening US dollar and rising US government bond yields. The appreciation of the US dollar was supported...

EUR/USD dived beneath medium-term uptrend line Remains well below 200-day SMA Momentum oscillators extend bearish bias EUR/USD tumbled beneath the medium-term ascending trend line, meeting a fresh...

USD/JPY Key Points Despite the likely decline in Tokyo Core CPI, traders still suspect that the Bank of Japan will raise interest rates at its first meeting of the new year on January 24th USD/JPY...

AUD/USD managed to bounce on Tuesday despite further US dollar strength Gains in Chinese equity index futures and stability in USD/CNH may be limiting downside near-term RSI (14) diverges from...

USD/JPY, USD/CNH push higher in Asian trade on Wednesday Move coincides with fresh highs for US bond yields between five and 10-years USD/JPY smashed through 200DMA, eyes break of key 151.95...

The EUR/USD pair was a tad higher during the first half of the European session, but just like the previous day the small gains could prove to be short-lived as the US dollar continues to strengthen...