Forex Opinion & Analysis

The USD/NZD pair has shown signs of recovery, reaching 0.5941 after initially plunging to a nine-month low. This downturn was triggered by concerns over a potential US recession, driven by weak job...

Rising US unemployment and recession fears have weakened the US dollar. The EUR/USD pair is nearing the key 1.10 level, poised for potential gains. Economic data and a potential Fed rate cut could...

AUD/USD has been the worst performer among the major currencies in the past 4 weeks due to a double whammy slow-down growth effect from the US and China. RBA’s “hawkish hold” monetary policy stance...

The Australian dollar has taken a nasty spill to start off the trading week. AUD/USD dropped as much has 2.5% in the Asian session and fell to its lowest levels since November 2023. The Aussie has...

The Japanese yen continues its recovery rally. The USD/JPY pair falls to 143.38 on Monday. This development is likely only the midpoint of the process as the market regains past losses and brings the...

US jobs data (NFP) disappointed where it comes out 114K vs 176K expected, while the unemployment rate changed from 4.1% to 4.3%. We can see the US Dollar Index – DXY coming lower, breaking new...

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...

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 EUR/USD pair will remain in focus heading into the second half of Wednesday’s session and the week. This morning's stronger-than-expected Eurozone CPI release has made a potential September rate...

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...

The USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest...