Forex Opinion & Analysis

UK retail sales slide 3.2% in December GBP/USD edges lower The British pound has weakened slightly on Friday. In the European session, GBP/USD is trading at 1.2682, down 0.18%.UK Retail Sales Take a...

Bearish:  We are currently @ 160.99 after putting in a 5 wave pattern up.  WE have a rising wedge which is bearish. If we can get break here, we are looking for a continuation to the ATR...

OANDA Senior Market Analyst Craig Erlam gives his analysis of GBP/USD in light of the UK inflation and US retail sales releases. Original Post

EURUSD had been rangebound before sliding lowerBut the retreat ceases at the 200-day SMAMomentum indicators remain tilted to the downsideEURUSD had been trading sideways since the beginning of the...

The EUR/USD pair is slightly stronger, but the US dollar's resurgence keeps it under pressure, requiring more price action to attract bullish interest. Short-term trend remains downside-oriented, and...

The Japanese yen is the worst-performing major currency pair today and so far this year! The New Year’s Day earthquakes have thrown an H1 rate hike by the BOJ into doubt while other countries...

UK inflation rises unexpectedly GBP/USD climbs higher The British pound has edged higher after UK inflation rose unexpectedly in December. In the European session, GBP/USD is trading at 1.2694, up...

A combination of weak China data and a pushback by both ECB and Fed officials against early easing is weighing on risk sentiment and supporting the dollar. It is hard to see that sentiment changing...

Bearish:  We are currently @ 1.7661, in the start of a possible channel to the downside. If we can get a small pullback, we are looking for a continuation to the ATR target @ 1.7594  with...

US retail sales expected to have risen again in DecemberStrong dataset could dampen speculation of rapid Fed rate cutsData due at 13:30 GMT Wednesday, crucial for dollar’s pathWaiting for Fed...

GBPUSD experiences losses in the past couple of sessionsBut its short-term sideways structure holdsMomentum indicators turn slightly negative GBPUSD had been trending higher within an upward sloping...

Thanks to the Martin Luther King Day holiday, FX markets were quiet-ish on Monday without the participation of US banks.But volatility has started to pick up with reduced Fed rate cut bets boosting US...

UK wages ease to 6.5% GBP/USD falls UK to release inflation on Wednesday The British pound is sharply lower on Tuesday after a solid UK employment report. In the European session, GBP/USD is trading...

The British Pound has lost around 0.5% against the Dollar since the start of the day on Tuesday, falling to 1.2660. Markets have eased expectations for aggressive US interest rate cuts. In addition,...