Forex Opinion & Analysis

The Australian dollar continues to have a quiet week. AUD/USD is trading at 0.6796 in the European session, up 0.06% on the day at the time of writing. Australian CPI Dips to 3.5% Australia’s...

The Australian dollar hit its highest level since December 2023 against the US dollar, briefly topping 0.6800 following the release of the monthly inflation report. The Australian Bureau of...

USD/JPY retains bearish bias MACD and RSI try to gain some momentum 23.6% Fibonacci acts as strong resistance USD/JPY is continuing its descending movement, especially after the failed attempt to...

US Consumer Confidence “beat” expectations, but the deterioration in consumers’ view of the labor market is the more salient development for markets. The gap between consumers seeing jobs as...

The euro is showing limited movement on Tuesday. In the North American session, EUR/USD is trading at 1.1179 at the time of writing, up 0.16% on the day. The euro has been on a tear against the...

Note: Consumer Confidence today! Bearish: Currently, EUR/JPY is at 161.07 after the slope support breakout. The pair is in a channel and a continuation to the ATR target of 160.31 is likely. Watch...

The Japanese yen has edged lower on Tuesday, trading near 144.80. BoJ Core CPI Slips to 1.8% Is Japanese inflation falling? Two inflation indicators pointed to a deceleration in inflation in July....

BoE Governor Bailey’s speech at the Jackson Hole Symposium reiterated BoE’s cautionary dovish monetary policy stance. Short-term interest rate markets are likely to price in a shallower and slower...

GBP/USD’s bull run slows down near a familiar resistance area Some stability is likely; sellers need a close below 1.3188 to gain control GBP/USD opened the week with marginal losses after its...

The GBP/USD pair has surged above 1.32, reaching its highest level since March 2022. Key macro readings this week will influence future Fed rate cut expectations and impact the pair. US dollar...

Dollar sold off sharply last week, especially on Friday after Powell delivered his dovish speech. Interestingly, the stock market didn’t see much of a rally, but based on the current price action, we...

The euro is in negative territory on Monday. In the European session, EUR/USD is trading at 1.1156 at the time of writing, down 0.32% on the day. The euro posted strong gains on Friday, rising 0.73%...

Odds are firmly against the bulls, as US dollar keeps heading lower. As of now, the greenback is approaching a critical support at 100. Break below this level could lead to a bigger decline. For...

Germany's Business Climate Germany's business climate deteriorated in August but was better than expected. The Ifo business climate indicator fell from 87.0 to 86.6, the fourth consecutive month of...