Forex Opinion & Analysis

The Kiwi NZD/USD has retraced enough to back-test the L/T descending channel’s T/L resistance as support. This T/L is now confluence with the 61.8% Fib of the last move higher at 0.6050. This is...

The Canadian dollar has declined against the US dollar for a tenth consecutive trading day and has fallen 2.1% in October. In Tuesday’s session, USD/CAD is trading at 1.3811 at the time of writing,...

GBP/USD stays directionless near September’s base Technical signals cannot warrant an upside reversal GBP/USD faced mild selling pressure but held its footing above September’s floor of...

EUR/USD traders await the ECB meeting as the pair hovers near key support levels. Shifting Fed and ECB rate cut expectations continue to drive volatility in the pair. Upcoming U.S. economic data and...

Markets have pared Fed rate cut pricing overt the past month Higher US interest rates has fuelled USD strength, including against EUR EUR/USD finds buying at key technical level Overview Everyone...

EUR/JPY, GBP/JPY Key Points Markets have already priced in the current projected path of interest rates from the ECB, BOE, and BOJ, so the main market driver moving forward will be how those...

Month to date, the USD/CAD currency pair (US dollar versus the Canadian dollar) is up about 2.0% and testing monthly highs. Monthly Price Action Suggests Further Upside Ahead The monthly timeframe...

The British pound is coming off a quiet week and the lack of activity has continued on Monday. Early in the North American session, GBP/USD is trading at 1.3040, down 0.14% on the day. It’s a busy...

The past few days have been packed with economic news from China, from inflation figures to a press conference on stimulus measures. While market reaction to the data has been relatively mixed, there...

China’s latest set of inflationary data for September increases the risk of a deflationary spiral being entrenched. China policymakers continued to use rhetoric to push out new fiscal stimulus...

The New Zealand dollar is lower on Monday. In the European session, NZD/USD is trading at 0.6082, down 0.44%. Services PMI Contracts for Seventh Straight Month New Zealand’s economy has been...

DXY is testing key resistance amid strong economic data and geopolitical tensions. Fed remains cautious on more rate cuts, with upcoming retail sales data possibly swaying sentiment. Meanwhile,...

EUR/USD has seen a slight downturn, correcting near the support level of 1.0905 as the market adjusts its expectations regarding the Federal Reserve's monetary policy. The probability of a...

USD/CAD is on track to record its ninth consecutive daily gain. One more and it will be the longest since 2017 The winning streak has seen price move towards known level, presenting an opportunity...