Forex Opinion & Analysis

In March 2024, the Bank of Japan increased the interest rate to 0.1% for the first time in several years. Octa analyst believes that this time, the interest rate will remain unchanged, as it...

Note: JOLTS and Consumer Confidence today Bullish: Forex Strategies: Currently, USD/JPY is at 154.97 out of the triangle. We are looking for a continuation to the ATR target at 155.71. The triangle...

The Japanese yen has sparkled in the second half of July but has lost steam this week. USD/JPY is trading at 154.88 in the European session, up 0.57% on the day at the time of writing. To Hike or Not...

GBP/USD declines steadily from 1-year high The bears eye the 50-day SMA as next target Momentum indicators ease but remain positively tilted GBP/USD had been on the rise following its bounce...

The big question for FX markets is whether July’s sharp correction is over. We think events tomorrow (Bank of Japan and Fed meetings) will have a big say. Before then, US JOLTS and consumer...

The NZD/USD pair plummeted to 0.5892, marking a significant three-month low. The New Zealand dollar remains under pressure as the US dollar gains strength due to the start of the Federal Reserve's...

The EURUSD is back at the 200 and 50dma. You can see below, they are very tightly wound up and are providing the market near term support ahead of the key FOMC meeting and Non-Farm Payroll report...

This week, the forex market could see higher-than-usual activity with key central bank decisions and economic data releases. The Fed and BoE meetings, along with the NFPs report, will impact EUR/USD...

Last week’s drop of 2.8% seen in the USD/JPY has almost reached a key support of 151.70. An overstretched decline with high volatility on top of an oversold condition increases the odds of a mean...

BoJ may shake the market with a rate hike The bank plans to unveil a strategy to roughly halve bond Yen recoups some losses with notable bullish correction Decision is due on Wednesday at 03:00...

The AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data.In the past two weeks, the AUD, in the...

Tourists are flooding into Japan this year because currency values matter to every day people whether they regularly follow exchange rates or not. Here's my travel report from Japan, its economy and...

A trio of central bank decisions coming up from the BoJ, Fed and BoE One might hike, one might stand pat and the other cut rates ECB to also be in focus as Eurozone flash GDP and CPI data are...

The USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction. The Bank of Canada decided to lower the interest...