Forex Opinion & Analysis

The USD/JPY is attempting to break below the ascending wedge formation today, a pattern that has been in play since late summer. This wedge has provided structural support for the pair’s upward...

Forex Strategy is Bullish: We are currently @ 1.2508 in a channel. If we can bounce here, we are looking for a continuation to the ATR target @ 1.2550 area, with a big area above the R6 @ 1.2710....

The Japanese yen has started the week with huge gains against the US dollar and has climbed to five-week highs. In the European session, USD/JPY is trading at 154.14, down 1.1% on the day. Will BoJ...

The USD/CAD pair settled around 1.4393 after experiencing a volatile start to January. On Monday, the market showed interest in buying the Canadian dollar, which had earlier strengthened to a monthly...

The US dollar's fate hinges on key central bank decisions and Trump’s trade rhetoric this week. Fed and ECB moves, combined with trade tensions, will likely determine the dollar's next...

EUR/USD sends bullish signals above 50-day SMA A break above 1.0500 could bolster buying appetite ECB rate decision due on Thursday, 13:15 GMT EUR/USD opened the week with a slight gap lower at...

Our recent article, Why Are Bond Yields Rising, explains that the recent 1% increase in yields, as shown below, is almost entirely due to negative sentiment. As we wrote, the bond market calls...

US Dollar Index (DXY) signals a potential top with a bearish evening star pattern. EUR/USD breaks out of a falling wedge, testing resistance at 1.0460. USD/JPY nears critical uptrend after BoJ...

The Canadian dollar is higher on Friday. In the European session, USD/CAD is trading at 1.4342, up 0.30% on the day. There are no Canadian events today and the US will release manufacturing and...

The USD/JPY pair declined to 155.13 on Friday, as the yen gained robust support following the Bank of Japan’s (BoJ) decision to raise its interest rate during the January meeting. BoJ’s interest...

The Bank of Japan delivered a well-telegraphed 25bp hike, but surprised markets on the hawkish side by materially raising its inflation forecasts. We expect two more hikes this year which can pave...

GBP/JPY fails to extend gains Immediate resistance lines within SMAs Stochastic and RSI head south GBP/JPY is challenging the 193.00 psychological level after the significant rebound off the 189.30...

Forex Strategy is Bearish: We are currently @ 156.19 in a range. If we can break the support here, we are looking for a continuation to the ATR target @ 1.9574 area, with possible movement to the...

The Canadian dollar is showing limited movement on Thursday. In the European session, USD/CAD is trading at 1.4396, up 0.13% on the day. The Canadian dollar started the week with sharp gains of over...