Forex Opinion & Analysis

EURUSD gets rejected a tad below its recent 4-month peakA failure to claim that level could validate a double top structureMomentum indicators lose steam but remain...

Canada to release retail sales today, GDP on Friday US GDP expected to confirm estimate 5.2% gain The Canadian dollar is slightly higher on Thursday. In the European session, USD/CAD is trading at...

The EUR/USD, while experiencing a somewhat lackluster 2023, is on track to end the year with a modest 2.3% gain. Despite facing headwinds from consistently poor economic data in the Eurozone, the...

Britain's impressive slowdown in inflation has increased speculation around a rate cut next year. The headline consumer price index lost 0.2% in November, and the annual rate slowed from 4.6% to 3.9%...

UK inflation falls to 3.9%, lower than expected British pound declines The British pound has declined on Wednesday. In the European session, GBP/USD is trading at 1.2658, down 0.58%.UK Inflation...

Following the "inaction" of the BOJ overnight, the EUR/JPY and other XXXJPY pairs ramped higher. Many pairs hit resistance levels, including the EUR/JPY. The EUR/JPY completed and equal leg move...

Canada’s inflation rate expected to fall to 2.9% Fed members push back against rate cut expectations The Canadian dollar is showing little movement on Tuesday. In the European session, USD/CAD...

The Bank of Japan did not give in to market pressure and kept its dovish guidance intact. However, the wording on the economic and inflation outlook paves the way for a hike in the second quarter in...

BoJ makes no changes to policy or guidance Yen down over 1% The Japanese yen is sharply lower on Tuesday. In the European session, USD/JPY is trading at 144.42, up 1.15%. The yen surged 1.95% last...

With the Bank of Japan being the last major central bank decision left for this year and the last important macro releases of the year to come this week, the USD/JPY is the featured currency pair of...

Bearish:  We are currently @ `1.2657 in a new channel,  in a range. We are looking for a continuation to the ATR target @ 1.2604 with the further target  the 1.000 Fibo @ 1.2582 area....