Forex Opinion & Analysis

When global stock indices tank, the Japanese yen is usually a big beneficiary of the risk-off trade. The weaker-than-expected JOLTS Job Openings survey is weighing on the US dollar. If 143.50 gives...

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 US dollar's recovery continues, and other markets are starting to notice. The dollar index is up 1.4% to 101.7, having found support twice in the first half of last week before falling to...

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...

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 Swiss franc has edged higher on Monday. USD/CHF is currently trading at 0.8514, up 0.16% on the day. With US markets closed for Labor Day, we’re unlikely to see much movement from the US dollar...

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...