Forex Opinion & Analysis

The Dollar Index retreats as market attention shifts to job data and Fed President Powell's remarks, impacting its trajectory. The EUR/USD pair faces a crucial juncture after Euro-zone inflation...

The Japanese yen is showing limited movement on Monday. In the European session, USD/JPY is trading at 150.34, up 0.13%.Tokyo Core CPI Expected to Rise to 2.5%Japan releases Tokyo Core CPI, considered...

Nonfarm payrolls and Powell’s testimony will be crucial for US dollarEuropean Central Bank could set the stage for summer rate cutsBank of Canada decision and UK budget announcement also in...

Japanese yen falls below 150 BoJ’s Tanaka urges changes to monetary policy US PCE price index falls to 2.4% BoJ’s Tanaka Hints at Tighter Monetary PolicyAfter close to two weeks of little...

GBPJPY breaks below key support area after new highTechnical signs weaken, but 20-day EMA comes to the rescue againGBPJPY extended its pullback from an eight-and-a-half-year high of 191.30 for the...

The EUR/GBP is setting up for a good reversal as we have an inverted head and shoulder pattern technical setup. But what makes this setup so appealing at the moment is the market is very bearish the...

EURUSD trades in a range defined by 50- and 200-day SMAsMomentum indicators are marginally tilted to the upsideEURUSD has posted a mild recovery following its pullback from the December high of 1.1138...

Bearish:  We are currently @ 162.94 in the top of a channel in a range.  The head and shoulders pattern is almost finished and suggests a move to the downside. IF we can finish the right...

RBNZ holds cash rate at 5.25% New Zealand dollar declines 1.2% The New Zealand dollar is sharply lower on Tuesday. In the European session, NZD/USD is trading at 0.6095, down 1.22%. Earlier, the New...

NZDUSD is lower today after the RBNZ's decision to keep rates unchangedIt trades a tad above a very busy support areaMomentum indicators are possibly preparing to send bearish signalsNZD/USD is...

The RBNZ changed its tone only moderately, keeping the threat of another hike on. However, NZD fell and AUD also declined after lower-than-expected CPI. We think Australia and New Zealand have...

UK shop inflation falls to 2.5% The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2683, down 0.03%.Shop Price, Food Inflation Heads LowerUK shop inflation...

Japanese consumer inflation slowed from 2.6% y/y to 2.2% y/y in January. The data was slightly higher than the expected 2.1%, providing temporary support for the Yen, which rose 0.4% after the...

January CPI data in Japan confirmed inflation remains above the Bank of Japan's 2.0% target. The yen “survived” the release, but remains around very weak levels and in FX intervention...