Forex Opinion & Analysis

The British pound has been showing limited movement for over a week. In Tuesday’s North American session, GBP/USD is trading at 1.3086, up 0.13% on the day. UK inflation expected to decline to...

Forex Strategies Bearish: We are currently @ 162.63 in a range.  If we break the range, we are looking to target the ATR targets/0.382 Fibo at 161.56.  A further target is the S4 at 161.26. Watch for...

USD/JPY has been struggling to break past the resistance level at 149.55 despite repeated attempts over the past five trading sessions. The Japanese yen remains under pressure as the Federal Reserve...

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...

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...

Gold is showing signs of recovery, riding a bullish move that began at the end of last week after retreating from the lows seen since September 20. Now, the price of gold is testing the 2660.00 mark,...

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...