Forex Opinion & Analysis

The euro is down for a third straight day on Wednesday. In the European session, EUR/USD is trading at 1.0767, down 0.29% on the day. The euro remains under pressure and has declined 3.3% in...

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 Japanese yen has posted sharp losses on Wednesday. In the European session, USD/JPY is trading at 152.67, up 1.06% at the time of writing. The yen is down 2.1% this week and has plunged 6.3% in...

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...

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...

Forex Strategies Bearish: GBP/JPY is currently @ 195.64 in the top of a range. We are just breaking out of a rising wedge. We have divergence in play for the down move. We are looking for the...

The Canadian dollar is unchanged on Tuesday. In the European session, USD/CAD is trading at 1.3831 at the time of writing. The Canadian dollar is under pressure and is having a miserable October,...

USD/JPY jumps back into the 150 area after two months Caution needed due to overbought conditions USD/JPY kicked off the week on a strong note, rising at a faster pace to close above the 150.00...

The rise in gold is being driven primarily by the same factors as always: geopolitical tension in the Middle East and Eastern Europe. These conflicts are the kind of thing that always make the market...

The AUD/USD pair is attempting a recovery toward 0.6681, though the prospects seem uncertain as the pair remains near a six-week low. The strengthening of the US dollar and the rise in US Treasury...

Inflation data from the UK sparked speculation of more rate cuts by the BoE. This has put GBP/USD bears on alert. With the pair near 1.30, traders are watching for a potential breakout towards...