Forex Opinion & Analysis

The Current DynamicsThe XAU/USD pair continues to trade above the 2300.0 level, supported by various factors, with the rhetoric of the US Federal Reserve (Fed) members being a significant...

The US dollar fell modestly after a weaker-than-expected retail sales print, helping to lift FX pairs like the GBP/USD off their earlier lows, albeit modestly. The GBP/USD has not gone anywhere fast...

Bullish:  Forex Strategies: Currently we are at 1.2686 in a range.  We are looking to continue a C wave to the ATR target @ 1.2743 area and then the 1.000 Fibo @ @ 1.2760 area.  We should see a...

The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2683 in the European session at the time of writing, down 0.16% on the day. There are no UK events on Tuesday, while the US...

The Reserve Bank of Australia kept its key rate at a 12-year high of 4.35%. The market widely expected the decision, so it did not cause a spike in volatility. However, we note that the RBA warned...

BoE is set to decide on monetary policy on Thursdaay. Consensus assumes the central bank will hold steady at least until UK general elections. But a dovish surprise is always in the cards and may...

The euro is steady on Monday. EUR/USD is trading at 1.0732 in the North American session, up 0.29% on the day. French election triggers market turmoil France’s financial markets took a tumble late...

Bullish to Bearish:  Forex Strategies: Currently we are at 200.02 in a range.  The pair appears to be in an ABC corrective pattern.  We are looking to continue a C wave to the ATR target @ 200.52 area...

The Australian dollar is steady on Monday. AUD/USD is trading at 0.6605 in the European session, down 0.14% on the day. Last week, the Australian dollar rose as much as 1.8% but pared most of these...

China's housing price decline is gaining momentum. New home prices for May fell 0.71% vs. 0.58% and 0.34% in the previous two months. The year-over-year decline increased to 3.9%, with back-to-back...

Like other major currencies, the New Zealand dollar is under pressure from the strong US dollar. This development comes after the Federal Reserve's updated forecasts last week. Stock market...

The New Zealand dollar is sharply lower on Friday. NZD/USD is down 0.61%, trading at 0.6130 in the European session at the time of writing. New Zealand Manufacturing PMI Misses Estimate New Zealand’s...

The Japanese yen posted sharp losses earlier but has almost completely recovered. In the European session, USD/JPY is trading at 157.09, up 0.06%. Earlier, the yen fell as much as 0.80%, dropping to...

The Japanese yen exchange rate paired with the US dollar looks unimpressive by the end of this week. The USD/JPY pair rose to almost 158.00 immediately after the end of the June meeting of the Bank of...