Forex Opinion & Analysis

The Japanese yen has steadied on Monday after posting huge gains on Friday. USD/JPY is trading at 142.43 in the European session, up 0.15%. Incoming PM Ishiba Says He’ll Call Snap Election The yen...

The US dollar faces pressure ahead of crucial labor market data. With the dollar index hovering below 101, traders are on alert for potential signs of further weakness. On the flip side, strong NFPs...

The AUD/USD pair climbed to 0.6942 on Monday, marking its highest point since February 2023. This surge was primarily triggered by China’s announcement of economic stimulus measures, which is...

The core US personal consumption price index (the Fed’s preferred inflation gauge) rose slightly less than expected to show inflation at 2.7% y/y. The indicator is above the target of 2% in February...

The USD/JPY reversed hard today after producing a short-term false break higher from the descending channel.  This might be the start of another leg lower gunning for a lower low. 139.57 is the 1st...

The Canadian dollar is steady on Friday. In the European session, USD/CAD is trading at 1.3476 at the time of writing, up 0.08%. Canada’s GDP is Expected to Remain Unchanged Canada’s GDP for July is...

EUR/USD concluded a stable week, trading around the 1.1170 mark, despite earlier momentum favoring the US dollar. Earlier in the week, the dollar surged—its fastest pace since early June—as markets...

GBP/JPY surpasses 50- and 200-day SMAs Stochastic and RSI tick up in overbought regions GBP/JPY has created an aggressive bullish rally to a fresh two-month high of  195.95 over the last ten days...

The AUD/USD is testing for the 3rd consecutive day the long-term symmetrical triangle’s T/L resistance at 0.6885. A break above it confirms the move that the Kiwi has already done and opens a lot...

The Swiss National Bank met expectations by cutting its key interest rate by 0.25 percentage points to 1.0%, slowing the pace of the move to normalization after two cuts of 0.50 percentage points...

The Swiss franc is showing limited movement on Thursday. USD/CHF is trading at 0.8483, down 0.24% on the day. In the US, it’s a busy day with US GDP, unemployment claims and durable goods orders. As...

The EUR/USD pair is gaining momentum as expectations rise for a jumbo Fed rate cut in November. Key economic data and Fed commentary this week will guide traders' strategies. Watch for critical...

Yesterday, we saw some interesting reversals on dollar pairs during the US session after the US housing data was released. It's notable that the dollar is up despite higher stocks, which continued to...

GBP/USD has surged on the back of strong UK economic data and the BOE’s interest rate eclipsing the Fed’s. The pair is forming a Dark Cloud Cover pattern at resistance. Two different momentum...