Forex Opinion & Analysis

The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as low as...

I hope your Easter holiday was filled with joy. I had the pleasure of spending mine with my family, seizing the opportunity for some rejuvenating hikes.Turning our attention to the financial markets,...

The USD/CAD currency pair is currently encountering resistance around the 1.36 level. Buyers have been consistently testing this level in recent weeks, indicating potential upward pressure. A...

EURJPY retraces lower following a 16-year peakTests ascending trendline drawn from July 2023Oscillators suggest weakening momentumEURJPY had been in a steady advance since December 2023, peaking at a...

The Japanese yen is coming off a quiet week and is showing little movement on Monday. In the European session, USD/JPY is trading at 151.38, up 0.03%.Business Confidence Among Major Manufacturers...

The PCE data met expectations on Friday, with Powell's remarks having minimal impact on market sentiment heading into the new week. Speculation surrounding a potential Fed interest rate cut in June...

Nonfarm payrolls report and European flash CPI to shape rate cut betsISM PMIs to also be important for Fed expectations and US dollarCanadian employment and Chinese PMIs also on the agendaFed hawks...

USDCAD pauses bearish correction near support areaTechnical signals are weak amid holiday-thinned liquidity conditionsAll eyes turn to the US core PCE inflation due at 12:30 GMTUSDCAD was trading with...

Following SNB being the first one to cut rates, the CHF has experienced a strong decline across the board in the last week or so. This environment has contributed to the USD/CHF pair breaking a...

The EURUSD accelerated its decline on Thursday, losing for the third consecutive session and falling to a five-week low below 1.0790. The pair's downtrend has been in place since the 8th of March when...

The Australian dollar is down sharply and has fallen to a three-week low. In the European session, AUD/USD is trading at 0.6491, down 0.66%.Australia’s Retail Sales Rise 0.3%Australia’s...

The GBP/USD pair is currently consolidating, hovering around the 1.2631 mark. This consolidation phase follows recent reports highlighting a slowdown in the expansion plans of British businesses for...

The reversal of the Bank of Japan's monetary policy tightening at the beginning of March not only failed to reverse, but also added to the Yen's weakening trend. The systematic pressure on the...

Bearish:  Currently we are at 1.2618 in a channel  in a range.  We are looking to continue to the ATR target @ 1.2560  with a further 1.618 Fibo target @ 1.2542  area. ...