Forex Opinion & Analysis

Forex Strategies Bearish: We are currently starting a channel in a possible 3rd  wave. If we can break resistance @ 90.84, we should continue to the ATR target @ 90.30 with the next target the  S4 @...

The GBP/USD, which had been steady in the last few trading sessions, has fallen back at the start of the new quarter after some relatively hawkish remarks from Fed’s Powell. The cable managed to hold...

After moving to its Fibonacci-extension-based target, gold price declined – so far, just modestly so. Gold's Rising Wedge Breaks: A Bearish Indicator “So far” is the most important part of the above...

USD/JPY is calm on Tuesday after the US dollar jumped 1.03% a day earlier. In the European session, the yen is trading at 143.76 at the time of writing, up 0.10%. Japan’s Parliament Elects Ishiba...

The EUR/USD bounced off the resistance at 1.12 amid softening Eurozone inflation data. Investors anticipate a pivotal US labor market report that could influence future direction. A breakout from...

Fed’s Powell talks down expectations for another 50bps rate cut Dollar benefits, US stocks shake off the initial negative reaction Eurozone CPI could open the door to a stronger October rate cut Yen...

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 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...

The Japanese yen is sharply higher on Friday. USD/JPY is trading at 143.49 in the European session, down a massive 1.1%. Tokyo Core CPI matches BoJ’s target Tokyo Core CPI, which excludes fresh food,...

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...