Forex Opinion & Analysis

The dollar kicked off the week on a positive note despite labor data coming in soft last week. Traders now look to Wednesday’s CPI report for clues on the Fed’s next rate move. Technical levels...

The Japanese yen has posted strong gains on Friday. In the European session, USD/JPY is trading at 142.76 at the time of writing, down 0.47% on the day. The yen is on a tear and is up 2.3% against...

The Canadian dollar is drifting on Friday. In the European session, USD/CAD is trading at 1.3496 at the time of writing, down 0.05%. We could see some volatility from the Canadian dollar later today,...

Recent lacklustre key US economic growth-related data; ISM Manufacturing PMI & ADP Employment Change reinforced the recent bout of JPY strength. Bearish elements in the JPY crosses Index suggest...

USD/CAD trims September’s uptick to trade near key trendline Technical signals are mixed; a break below 1.3480 could shift the bias to the downside US & Canadian employment figures due at 12:30...

EUR/USD traders are eyeing crucial U.S. economic data due tomorrow. The pair found support around 1.105 this week after hitting a yearly high in August. A break above a key resistance could push the...

USD/CHF trims latest rebound, holds bearish trend ahead of US data Short-term bias skewed to the downside; bears wait for a move below 0.8435 USD/CHF has been stuck in a downward trend since...

The US Dollar Index (DXY) is turning to the downside after weak US job openings figures were released yesterday. Powell had hinted that stable employment is their primary focus, so speculators...

US Dollar Index (DXY) weakens as JOLTS job openings drop to a 3.5-year low of 7.673 million. Japanese Yen strengthens amid recessionary fears and hawkish comments from BoJ Governor Ueda. Recession...

The Canadian dollar is showing limited movement on Wednesday. In the European session, USD/CAD is trading at 1.3555 at the time of writing, down 0.08%. BoC Expected to Cut for Third Consecutive...

GBP/JPY is at 190.30 in a range. We are looking for a continuation to the ATR target at the 188.79 area. We anticipate a bullish reaction there due to the range bottom. Watch the US Dollar Index for...

The Australian dollar is drifting on Wednesday. AUD/USD is trading at 0.6704 in the European session, down 0.10% today at the time of writing. The Australian dollar took a bath a day earlier, sliding...

USD/JPY drifts back below 147.00 area; tests support trendline Technical picture signals bearish trend continuation USD/JPY was unable to maintain its strength on Tuesday despite briefly surpassing...

The USD/JPY pair has slightly increased, rising to 145.95 on Wednesday morning. This movement marks a rebound from two-week lows, though it is still early to suggest a significant reversal in the...