Forex Opinion & Analysis

The USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction. The Bank of Canada decided to lower the interest...

USD/CAD exits from the consolidation area Momentum oscillators indicate bearish correction USD/CAD rallied towards the 1.3845 high and completed the seventh consecutive green day on Thursday...

Soft IFO and PMI data has traders worried about a slowdown in Europe. Meanwhile, weak Durable Goods Orders are offsetting a strong Q2 US GDP report. EUR/USD is trying to stage a bounce off the 38.2%...

The Japanese yen continues to gain ground against the US dollar. USD/JPY is trading at 153.68 early in the North American session, down 0.14% on the day. Earlier today, USD/JPY fell as low as 151.93...

GBP/USD pair is down to 1.2892 on Thursday. Selling intensified on the 18th of July. Since then, GBP has remained under pressure, although it is making attempts to stabilise. Statistics released...

GBP/USD is declining due to speculation of a BoE rate cut and concerns about global growth. Market participants are pricing in a 53% chance of rate cuts in August, but economists polled predict an...

Gold Decreases by 0.51% Amid Mixed US PMI Figures The gold (XAU) price fell by 0.51% since the US Purchasing Managers' Indexes (PMI) reports showed mixed data. Yesterday, the S&P Global Flash US...

The Japanese Yen is gaining against its G7 counterparts due to rumors that the Bank of Japan (BoJ) will reduce bond buying and potentially raise interest rates. Governor Ueda has emphasized wage...

NZD/USD dives almost 4% from the July high of 0.6150 Price may rebound off 0.5875 20- and 200-day SMAs record a bearish cross Momentum oscillators indicate upside correction NZD/USD has been...

Currently, the GBP/AUD pair is at 1.9513 at the top of a big range. We have a rising wedge indicating the reversal. If we can break the wedge (this may be early), we are looking for a continuation of...

Last week, the dollar index regained some of its losses from the previous four weeks, but technically, it looks like short-term profit-taking by sellers before a new downward momentum. The US dollar...

The Japanese yen continues strengthening against the US dollar, with the USD/JPY pair decreasing to 156.31, marking a near 2% appreciation over the past two weeks. This uptrend initially stemmed from...

The Japanese yen has kept on strengthening after a possible currency intervention by BoJ. Ahead of the Bank of Japan's next meeting at the end of the month, the USD/JPY pair is in a downtrend. The...

GBP/USD eases but remains above the uptrend line Stochastics and RSI suggest more losses GBP/USD is retreating after a strong rally towards the one-year high of 1.3045. The technical oscillators...