Forex Opinion & Analysis

The GBP/USD pair is trading with almost zero momentum, remaining near the 1.3040 reference level. The "bulls" have maintained the upward momentum formed at the end of last week but are waiting for...

USD: Beige Book is probably the biggest threat to the dollar FX markets seem to be positioning for a Trump victory in next month's US presidential election. October seems to have been a good month...

The British pound has extended its gains on Friday. In the European session, GBP/USD is trading at 1.3046, up 0.27% on the day. UK Retail Sales Stronger Than Expected UK retail sales are moving in...

USD/JPY is experiencing a correction phase following two days of gains, as mixed economic signals emerge from Japan. Despite ongoing expectations for monetary tightening by the Bank of Japan (BoJ),...

EUR/GBP charts new 2 ½-year low after UK retail sales beat estimates  Short-term bias is skewed to the downside, but price near familiar support line EUR/GBP plunged to a new 2½-year low of 0.8293,...

US economic growth continues to impress relative to Europe and Japan Stronger US economic data sees markets pare Fed rate cut bets Higher US interest rates fuel US dollar strength Quiet calendar...

A 25bps cut by the ECB is likely to have been fully priced in. The current high expectation of another ECB rate cut in December faces an increased repricing risk. Watch the 1.0780/0750 key...

Australia produces another stunningly strong jobs report for September Unemployment steady, underemployment hits multi-year lows RBA rate cut probabilities slashed given implications for inflation...

EUR/USD continues the sell-off Immediate support at medium-term uptrend line Stochastic edges lower in the oversold area EUR/USD is experiencing more losses a few hours ahead of the ECB interest...

EUR/USD is oversold for only the fifth time in the past two years Prior oversold episodes often occurred before bullish reversals Markets fully priced for back-to-back ECB rate cuts to close out...

Yesterday’s reversal ended a 9-day winning streak for USD/CAD, something we’ve only seen seven distinct times in the past 30 years. After past such streaks have ended, USD/CAD has seen an average...

The GBP has steadily declined against the greenback in recent weeks, while remaining stable against the Euro. This weakness in the British pound is attributed to market participants pricing in more...

The US Dollar Index (DXY) continues to advance due to a lack of impactful US data and expectations of robust retail sales. Donald Trump’s comments on tariffs and the Federal Reserve’s...

Forex Strategies Bullish: EUR/AUD is trading at @1.6303 at the time of writing, out of range in a cup and handle pattern that is bullish. We are looking to target the ATR target @ 1.6350. A further...