Forex Opinion & Analysis

USD/CAD eases below 1.3700; could attract new sellers in short-term Next support could emerge within 1.3600-1.3622 territory US S&P Global PMIs, Canadian retail sales on the agenda USD/CAD has...

CAD Canadian retail sales data should be in focus for loonie traders today. Markets are expecting a solid expansion in consumer activity, with headline sales likely to rise by 0.7% MoM in April....

The Japanese yen is weakening against the US dollar again. The USD/JPY pair is rising to 158.97.The currency pair is now again close to the levels when the Bank of Japan and the country's authorities...

The euro has edged lower on Friday. EUR/USD is trading at 1.0687 in the European session, down 0.14% on the day. Is the Eurozone Economy Slowing Down? The week ended on a sour note in Europe as June...

The Swiss National Bank cut its key rate by 0.25 percentage points to 1.25%. The decision surprised markets, which, on average, expected no change after a similar move in March. The SNB also issued a...

USD/CHF rises rapidly after SNB lowers interest rates to 1.25% Oversold signals favor the bulls; more upside needed for a positive outlook USD/CHF turned swiftly up to test its 200-day simple...

CAD While a US holiday took the focus off North America yesterday, USDCAD still weakened at the margin, falling by just shy of 0.1%. Most significantly though, the loonie’s fractional move higher was...

The GBP/USD pair is balancing around 1.2709 on Thursday, after the British pound rose in price against the US dollar for three consecutive days and finally paused.   The Bank of England will convene...

Current DynamicsAfter a significant drop last week, the GBP/USD pair is correcting upwards, settling at the 1.2716 level. This is due to the slowdown in the growth of the US dollar and positive...

Bullish to bearish:  Forex Strategies: Currently we are at 157.91 in the top of a range.  We are looking for a triple top and the reverse to the 1.000 Fibo @ 157.47 area and then the ATR target @...

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6138, down 0.10% in the European session at the time of writing. US markets are closed for a holiday. New Zealand will release...

CAD The Canadian dollar has been stuck in a wedge this week, pushed moderately higher by a strong equity backdrop but capped by dovish BoC expectations. We suspect the latter dynamic will prove the...

The NZD/USD pair declined to 0.6135 on Wednesday, despite the New Zealand dollar performing much better in the previous session. It rose in response to the fall of the US dollar, which was triggered...

Warning! It may not happen but you need to beware of potential Japanese Yen Intervention risk on June 19. Here's why: 1. Juneteeth US holiday 2. USD/JPY takes out 158 3. Weaker US data and lower US...