Forex Opinion & Analysis

AUD/USD retraces 61.8% of the July-August selloff But meets tough resistance at 50-day SMA AUD/USD has surged by around 4.5% from the August 5 low of 0.6347 but the recovery has hit a snag at the...

GBP/USD Key Points Both the UK (2.2% y/y) and US (2.9% y/y) CPI reports came in a tick below expectations Readers risk behind the curve by focusing on a storyline (inflation) that the market has...

The New Zealand dollar is down 1% on Wednesday after the Reserve Bank lowered interest rates today. NZD/USD is trading at 0.6017 in the European session at the time of writing. RBNZ Lower Rates for...

USD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July's lacklustre US Producer Price Index (PPI) data. This report...

Looking at the 4-hour time frame of the Kiwi with ticker NZD/USD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data, so seems like a new...

EUR/USD confirmed a bullish (inverse) head & shoulders formation. We will see if this time the 1.10 barrier that scared the market before will do so again. Original Post

Currently, EUR/NZD is at 1.8084 in a channel. We are looking for a continuation up to the ATR target at 1.8006 and then the 1.270 Fibo at 1.7994. Watch the DXY for direction, as it could negate all...

New Zealand’s core inflation trend has decelerated at a faster pace than Australia. RBNZ may use tomorrow’s monetary policy meeting to offer dovish guidance and bring forward its projected first...

10-year US yields are falling impulsively after the NFP (US jobs data) disappointment, which brought recession fears again, but at the same time, there's now more pressure on the FED to start cutting...

Unemployment rate fell to 4.2%, with a decrease in both short-term and long-term unemployment. UK wage growth slowed to its lowest level in two years, yet surpassed market expectations. Despite...

GBP/USD is stabilizing ahead of key US and UK inflation data this week. Strong US inflation could shift rate cut expectations, while UK data may influence the Bank of England’s decisions. The pair...

The AUDJPY hit major resistance and rejected it today. The high today was 97.84, and the 38% retracement of the move lower since the July high to August lows is at 97.55.   Also, the underside of the...

Currently, GBP/JPY is at 188.47 in a channel.  We are looking for a continuation up to the 1.000 Fibo at 189.97 and then the ATR target at 190.92. Watch the USDX for direction, as it could negate all...

The US dollar has been attempting to stage a recovery. But, the greenback remains in a broader downtrend. Retail sales, CPI data could ignite a move in the US dollar index. For less than $8 a month,...