Forex Opinion & Analysis

The AUD/USD pair climbed to 0.6942 on Monday, marking its highest point since February 2023. This surge was primarily triggered by China’s announcement of economic stimulus measures, which is...

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...

Currently, EUR/JPY pair is rangebound within a channel, trading at 161.21 at the time of writing. We are looking for a move to the ATR target at 162.59. Watch for a head and shoulder pattern to start...

The AUD/USD is testing for the 3rd consecutive day the long-term symmetrical triangle’s T/L resistance at 0.6885. A break above it confirms the move that the Kiwi has already done and opens a lot...

The Swiss franc is showing limited movement on Thursday. USD/CHF is trading at 0.8483, down 0.24% on the day. In the US, it’s a busy day with US GDP, unemployment claims and durable goods orders. As...

The EUR/USD pair is gaining momentum as expectations rise for a jumbo Fed rate cut in November. Key economic data and Fed commentary this week will guide traders' strategies. Watch for critical...

Yesterday, we saw some interesting reversals on dollar pairs during the US session after the US housing data was released. It's notable that the dollar is up despite higher stocks, which continued to...

GBP/USD has surged on the back of strong UK economic data and the BOE’s interest rate eclipsing the Fed’s. The pair is forming a Dark Cloud Cover pattern at resistance. Two different momentum...

The EUR/USD was holding near the August high of 1.12 handle, still finding mild support from China’s announcement yesterday of large-scale stimulus measures. That announcement sent stocks surging and...

After two weeks of dollar weakness, the currency market is experiencing a pullback. The US Dollar Index (DXY) is rising after briefly dipping below the 100 level. This level had already attracted...