Forex Opinion & Analysis

The USD/CAD faces a big test this week, for not only do we have significantly important data from the US, but there’s also a rate decision across the northern border in Canada. Meanwhile, we will...

The Australian dollar is sharply lower on Tuesday. AUD/USD is trading at 0.6732 in the European session, down 0.88% today at the time of writing. Australian GDP Expected to Remain Soft Australia’s...

Silver is testing a pivotal support zone. If this level holds, it could present a dip-buying opportunity for traders. However, a breach of that level could signal further downside. For less than $8...

GBP/USD starts a new bearish wave but maintains a broad uptrend Technical signals reflect the appetite for more selling; eyes on 1.3100 GBP/USD resumed its negative momentum during Tuesday’s early...

Eurozone CPI data paves the way for more cuts. This comes at a time when the market is debating between a 25 or 50 bps cut by the Fed. Meanwhile, the EUR/USD pair is nearing a key support area. For...

USD/JPY rises for the fourth consecutive day, supported by US economic optimism. US employment data this week is crucial for Fed’s September rate decision and USD/JPY direction. Japanese economic...

The recent 7.4% rally in the AUD/USD from its 5 August 2024 low has been driven by a resurgence of risk-on behaviour and the US Fed’s dovish pivot. Weak China’s manufacturing PMI data and housing...

The US dollar, after hitting a yearly low, is showing signs of recovery. The jobs report will be a decisive factor for the rebound going ahead. Resistance is at the 102 level, with potential support...

EUR/USD recoups some losses Finds support near 20-day SMA Stochastics and RSI point north EUR/USD is recovering somewhat after three consecutive red days from its 13-month high of 1.1200. The price...

The Canadian dollar is almost unchanged on Friday. In the North American session, USD/CAD is trading at 1.3483 at the time of writing, down 0.01% on the day. BoC Expected to Cut for the Third...

The AUD/USD pair shows signs of potential resurgence as it trades near 0.6802, consolidating within a sideways range at its local peaks towards the end of August. The Australian dollar has appreciated...

USD/CAD changes the outlook to bearish after the fall below 1.360 Stochastic ticks up but RSI still holds near 30 zone USD/CAD is recouping some losses after the strong selling interest that...

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6804 in the European session, up 0.09% today at the time of writing. Australian Retail Sales Stagnate Consumer spending...

The Japanese yen is considerably lower on Thursday. In the North American session, USD/JPY rose as much as 0.69% today but has pared most of those gains and is trading at 144.93, up 0.25%. Tokyo Core...