Forex Opinion & Analysis

Although EURUSD had already fallen below the key historical level of 1.05 on Thursday, the weak PMI figures led to a further capitulation of buyers and a subsequent 1.5% fall in the single...

The USD/JPY pair has lost its upward momentum and appears poised to break below the ascending channel that has supported its rise since September.  A key support level to watch is 151.50, which could...

Friday's release of softer-than-expected eurozone PMIs have proved the catalyst for EUR/USD to break to the downside of its two-year trading range. Even though a near 7% drop in just two months is an...

The USD/CAD is lower on Friday. In the North American session, USD/CAD is trading at 1.3998 at the time of writing, up 0.16% on the day. On the data calendar, Canada releases retail sales and the US...

The pound has made strong losses against the US dollar in the third quarter so far, having been overheated in September. Donald Trump’s election has generated some negativity due to the likely...

The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK Retail Sales Weaker Than Expected UK...

A combination of factors are contributing to the strong dollar, and with geopolitical risks on the rise, we believe it may be risky to try and pick a bottom in EUR/USD just yet. Incidentally, PMIs...

BOJ Governor Ueda characterized the outcome of next month’s monetary policy meeting as “unpredictable,” re-opening the door for a potential interest rate hike. Traders are now pricing in 50/50 odds...

The USD/JPY has posted strong gains on Thursday. In the European session, USD/JPY is trading at 154.34, down 0.70% on the day. Ueda Says Rate Decision Will Depend on Data Bank of Japan Governor...

The NZD/USD pair is trading near 0.5879, experiencing volatility as the market awaits the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Expectations are leaning towards a significant rate cut,...

FX markets continue to consolidate after recent volatility, but no one wants to unwind their long dollar positions. Equally, the threat of escalation in Ukraine plus more soft European PMI numbers...

Treasury moves, not Nvidia or geopolitical headlines, drive EUR/USD and GBP/USD price action Both pairs whipsawed as yields rose, with technical signals offering mixed clues. Momentum favours buying...

The pound continues its gains for the third day in a row against the Japanese yen, rising more than 0.6% to regain the 197.40 level.The pound’s gains today come after a higher-than-expected...

Forex Strategy is Bearish: We are currently @ 91.57  at a significant top. If USDX continues up, we are looking for a continuation to the ATR target  @ 90.88 area and then to the 0.618 Fibo @ 90.79....