Forex Opinion & Analysis

The Canadian dollar is in negative territory on Wednesday. In the North American session, USD/CAD is trading at 1.3844 at the time of writing, up 0.20%. The Canadian dollar has posted only three...

Forex Strategies Bullish: GBP/NZD is currently @ 2.1559 in a range. We have convergence in play for the upmove. We are looking for the continuation of the ATR target @ 2.1629 and then a reversal....

The euro is down for a third straight day on Wednesday. In the European session, EUR/USD is trading at 1.0767, down 0.29% on the day. The euro remains under pressure and has declined 3.3% in...

The Canadian dollar has weakened against most major currencies (except against the JPY) in the past four weeks. Short-term FX positioning suggests that the expected BoC’s 50 bps cut may have been...

The EUR/USD market has spent the last 3 weeks depreciating within a 15-month-old symmetrical triangle. We are now getting very close to the trendline support which passes from 1.075. This is clearly...

The Japanese yen has posted sharp losses on Wednesday. In the European session, USD/JPY is trading at 152.67, up 1.06% at the time of writing. The yen is down 2.1% this week and has plunged 6.3% in...

EUR/USD dived beneath medium-term uptrend line Remains well below 200-day SMA Momentum oscillators extend bearish bias EUR/USD tumbled beneath the medium-term ascending trend line, meeting a fresh...

USD/JPY Key Points Despite the likely decline in Tokyo Core CPI, traders still suspect that the Bank of Japan will raise interest rates at its first meeting of the new year on January 24th USD/JPY...

USD/JPY, USD/CNH push higher in Asian trade on Wednesday Move coincides with fresh highs for US bond yields between five and 10-years USD/JPY smashed through 200DMA, eyes break of key 151.95...

The EUR/USD pair was a tad higher during the first half of the European session, but just like the previous day the small gains could prove to be short-lived as the US dollar continues to strengthen...

Forex Strategies Bearish: GBP/JPY is currently @ 195.64 in the top of a range. We are just breaking out of a rising wedge. We have divergence in play for the down move. We are looking for the...

The Canadian dollar is unchanged on Tuesday. In the European session, USD/CAD is trading at 1.3831 at the time of writing. The Canadian dollar is under pressure and is having a miserable October,...

USD/JPY jumps back into the 150 area after two months Caution needed due to overbought conditions USD/JPY kicked off the week on a strong note, rising at a faster pace to close above the 150.00...

The rise in gold is being driven primarily by the same factors as always: geopolitical tension in the Middle East and Eastern Europe. These conflicts are the kind of thing that always make the market...