Forex Opinion & Analysis

ECB convenes this week, expected to maintain the status quo. Likelihood of US interest rate cuts in March diminishes. Bearish outlook targets 1.08 next for EUR/USD. ...

The euro is showing little movement on Monday. In the North American session, EUR/USD is trading at 1.0890, down 0.07%.Will ECB Pause Again?The European Common Bank meets on Thursday for the first...

The Canadian dollar has seen a notable recovery, distancing itself from its recent monthly low. The USDCAD pair now shows a stable trend around 1.3435.Market analysts are revising their expectations...

US Dollar Index struggles at 103.4 resistance amid rising bond yields, impacting major currencies and gold. ECB hints at a slower rate cut approach, affecting EUR/USD's weakening trend. USD/JPY rises...

Bank of Japan to make announcement on Tuesday The Japanese yen is in a holding pattern on Monday as the Bank of Japan holds a two-day meeting today and Tuesday. In the European session, EUR/USD is...

Japan’s Core CPI eases to 2.3% The Japanese yen has recovered after losing ground earlier in the day. USD/JPY rose as high as 148.80, its highest level in three weeks. The yen has rebounded and...

OANDA Senior Market Analyst Craig Erlam gives his analysis of EUR/GBP after the disappointing retail sales release from the UK. Original Post

A poor December for UK retailers Is weaker demand a good thing for the BoE? GBP/JPY eases off eight-year highs UK retail sales fell sharply in December as consumers tightened their pursestrings during...

Yesterday, housing data and weekly jobless claims had some positive impact on USD, but then stocks turned up during US session which kept USD sideways with US yields still testing resistance. However,...

UK retail sales slide 3.2% in December GBP/USD edges lower The British pound has weakened slightly on Friday. In the European session, GBP/USD is trading at 1.2682, down 0.18%.UK Retail Sales Take a...

Bearish:  We are currently @ 160.99 after putting in a 5 wave pattern up.  WE have a rising wedge which is bearish. If we can get break here, we are looking for a continuation to the ATR...