Forex Opinion & Analysis

The Australian dollar has taken a nasty spill to start off the trading week. AUD/USD dropped as much has 2.5% in the Asian session and fell to its lowest levels since November 2023. The Aussie has...

The Japanese yen continues its recovery rally. The USD/JPY pair falls to 143.38 on Monday. This development is likely only the midpoint of the process as the market regains past losses and brings the...

US jobs data (NFP) disappointed where it comes out 114K vs 176K expected, while the unemployment rate changed from 4.1% to 4.3%. We can see the US Dollar Index – DXY coming lower, breaking new...

Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic...

The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best...

USD/CAD marks new higher high after disappointing ISM manufacturing PMI A close above 1.3880-1.3900 is needed to postpone profit-taking  US nonfarm payrolls eagerly awaited at 12:30 GMT USD/CAD...

Note: ISM Manufacturing today! Bullish: Forex Strategies: Currently GBP/JPY is at 192.88 after finishing 5 wave to the downside. We are looking for a continuation up to the ATR target at 193.44 after...

The British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848. On the one hand, the pressure from the USD rate is evident. On the other...

The Japanese yen continues to sparkle. USD/JPY is trading at 150.27 in the European session, down 1.62% on the day at the time of writing. Earlier, the yen strengthened to 150.04, its highest level...

Note: FOMC today Bearish to Bullish: Forex Strategies: Currently, EUR/NZD is at 1.8285 in a possible 3rd wave in a channel. We are looking for a continuation to the ATR target at 1.8200. Will look...

The Bank of Israel's recent initiative, the Digital Shekel Challenge, marks a pivotal step towards realizing a central bank digital currency (CBDC) based on the New Israeli Shekel (NIS). Inspired by...

The USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest...

NZD/USD rotates higher after touching familiar support zone Technical signals increase the odds for upside reversal FOMC policy announcement might affect USD at 18:00 GMT NZD/USD has had a terrible...

BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term...