Forex Opinion & Analysis

By Daniela Sabin Hathorn, senior market analyst at Capital.comThe US economy grew 1.6% in the first quarter of 2024. The actual figure was lower than the estimates of 2.5%, which caused some...

The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%,...

USDJPY trades at its highest level since April 1990Momentum indicators flag extremely overbought conditionsFor now, Japanese authorities seem reluctant to interveneUSDJPY has been in a steady uptrend...

Bearish:  Currently we are at 1.2438 in a channel.  We are looking to continue to the ATR target @ 1.2394 with a further target the 0.618 Fibo @ 1.2349.    Watch the USDX for...

The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a...

The AUD/USD has been on a downward trend since the start of the year, hitting fresh lows after only managing a three-wave rise to the 0.6666 March highs, which was part of a triangle pattern visible...

Boosted interest in the Euro emerged after preliminary PMI estimates showed a surprising acceleration in the services sector, which was able to offset the negativity from industrial weakness...

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is...

The US dollar was in consolidation mode on Monday, but it will be looking to extend its recent gains even though we have seen rebound in equity markets at the start of this week with investors pricing...

The euro is declining against the US dollar as the ECB and Fed's policies diverge ECB President Lagarde's recent comments on falling inflation hint at potential rate cuts, echoed by other ECB...

Bullish:  Currently we are at 0.6442 in a well built Range.  We are looking to continue to the ATR target @ 0.6489 with a further target the R3 @ 0.6502.    Watch the USDX for...

The US dollar has rallied recently and is now consolidating gains. Geopolitical tensions and hawkish Fed comments are fueling the rise of the US dollar against major currencies like the euro and...