Forex Opinion & Analysis

Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic...

The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best...

USD/CAD marks new higher high after disappointing ISM manufacturing PMI A close above 1.3880-1.3900 is needed to postpone profit-taking  US nonfarm payrolls eagerly awaited at 12:30 GMT USD/CAD...

The Federal Reserve left interest rates unchanged, but the statement acknowledges a moderating job market and slightly elevated inflation, opening the door for a potential September rate cut. The US...

Note: ISM Manufacturing today! Bullish: Forex Strategies: Currently GBP/JPY is at 192.88 after finishing 5 wave to the downside. We are looking for a continuation up to the ATR target at 193.44 after...

The British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848. On the one hand, the pressure from the USD rate is evident. On the other...

The Japanese yen continues to sparkle. USD/JPY is trading at 150.27 in the European session, down 1.62% on the day at the time of writing. Earlier, the yen strengthened to 150.04, its highest level...

Note: FOMC today Bearish to Bullish: Forex Strategies: Currently, EUR/NZD is at 1.8285 in a possible 3rd wave in a channel. We are looking for a continuation to the ATR target at 1.8200. Will look...

NZD/USD rotates higher after touching familiar support zone Technical signals increase the odds for upside reversal FOMC policy announcement might affect USD at 18:00 GMT NZD/USD has had a terrible...

BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term...

August has historically been the weakest month for GBP/USD and AUD/USD. EUR/USD seasonality hints at downside potential, but the broader post-2023 range remains intact. USD/CAD has tended to see...

In March 2024, the Bank of Japan increased the interest rate to 0.1% for the first time in several years. Octa analyst believes that this time, the interest rate will remain unchanged, as it...

Note: JOLTS and Consumer Confidence today Bullish: Forex Strategies: Currently, USD/JPY is at 154.97 out of the triangle. We are looking for a continuation to the ATR target at 155.71. The triangle...

The Japanese yen has sparkled in the second half of July but has lost steam this week. USD/JPY is trading at 154.88 in the European session, up 0.57% on the day at the time of writing. To Hike or Not...