Forex Opinion & Analysis

The Dollar Index has found a balance around key technical levels in what looks like a consolidation before the start of a new medium-term trend. The DXY has been holding at its 200-day moving average...

The euro is showing limited movement on Thursday. In the European session, EUR/USD is trading at 1.0895, up 0.10%.Eurozone PMIs, released on Wednesday, pointed to trouble in the manufacturing and...

European FX markets will today be monitoring how US asset markets react to the news that the Fed will not be renewing its Bank Term Funding Program. US regional banks will be in focus here. Elsewhere,...

·         EURUSD rebounds off 200-day SMA ·         But, remains beneath the rising trend line...

US services PMI rises to 52.9, manufacturing PMI hits 50.3 BOC holds rates USD/CAD recovery stalls US economic data was surprisingly strong today, with both the services and manufacturing PMIs...

The EUR/USD formed a wedge bottom yesterday, which led to a sharp reversal during the early morning hours. Because of the wedge bottom and today’s strong reversal up, the odds favor at least a...

Bearish:  We are currently @ 1.9285 just above slope support.  If we can break through the support here, we are looking for a continuation to the 0.270 Fibo/ATR target @ 1.9227  with...

Eurozone data remains recessionary EUR/USD rebounds after surveys Is it just a corrective rally? The data from the eurozone isn’t improving early in the new year, with the latest PMI surveys all...

The dollar strengthened across the board yesterday with no clear catalyst. We suspect that in an environment that keeps pricing large Fed cuts, USD rallies aren’t very sustainable. We’ll...

NZUSD hovers above a key support areaAggressive downward move from late December 2023 peakMomentum indicators are mostly mixed at this junctureNZDUSD is in the green today, but it continues to range...

The euro is showing limited movement on Tuesday. In the North American session, EUR/USD is trading at 1.0866, down 0.15%.Eurozone, German PMIs expected to remain in contractionThe eurozone economy is...

ECB faces a communication challenge in first meeting of the yearTiming of rate cut likely to dominate discussion, but hawks to resistMixed messages unhelpful to euro ahead of the decision on Thursday...

Bearish:  We are currently @ 1.2712 after taking out slope support.  If we can break through the support here, we are looking for a continuation to the 0.500 Fibo @ 1.2665  with the...