Forex Opinion & Analysis

GBP/AUD–Out of the pennant

GBP/AUD–Out of the pennant

Note: CB Consumer Confidence this AM Bearish: Currently we are at 1.9312 out o the pennant in a range. We…
USD/CHF Bulls Charge Ahead After SNB Cut: Breakout Above Key Resistance Likely

USD/CHF Bulls Charge Ahead After SNB Cut: Breakout Above Key Resistance Likely

  Swiss Central Bank surprised markets by cutting interest rates last week. Meanwhile, the Fed did not indicate when it…
Japanese Yen Awaits Intervention Amid Weakness

Japanese Yen Awaits Intervention Amid Weakness

  The USD/JPY pair stabilised around 151.35 by Tuesday, not far from its recent peaks, as the weakness of the…
GBP/USD bounces off 200-day SMA

GBP/USD bounces off 200-day SMA

  GBPUSD ·       GBP/USD finds support at uptrend line ·       But short-term outlook remains neutral ·       MACD and RSI are…
Pressure Mounts for the Japanese Yen as US Dollar Shows Continued Strength

Pressure Mounts for the Japanese Yen as US Dollar Shows Continued Strength

  US dollar strengthens amidst positive economic data, eyes critical resistance levels Federal Reserve’s rate cut expectations challenge dollar’s rally…
USD/CAD: Canadian Dollar Dips as Retail Sales Disappoint

USD/CAD: Canadian Dollar Dips as Retail Sales Disappoint

  The Canadian dollar has extended its losses on Friday. USD/CAD is trading at 1.3569 in the North American session,…
Week Ahead – Markets quiet down after central bank frenzy

Week Ahead – Markets quiet down after central bank frenzy

Dollar recovers after Fed selloff, turns to PCE inflation Yen falls despite rate increase, testing three-decade lows Quarter-end flows could…
GBP/JPY plummets from 8½-year high

GBP/JPY plummets from 8½-year high

  GBPJPY ·         GBP/JPY may rest near 190.00 round number ·         MACD and RSI confirm bearish retracement ·         Broader outlook…
GBP/USD: Pound Drops to 1-Month Low After Flat Retail Sales

GBP/USD: Pound Drops to 1-Month Low After Flat Retail Sales

  The British pound has extended its losses on Friday. In the European session, GBP/USD is trading at 1.2600, down…
GBP/USD Faces Sharp Decline Amid BoE’s Monetary Policy Stance

GBP/USD Faces Sharp Decline Amid BoE’s Monetary Policy Stance

  As of Friday, the GBP/USD pair hovered around 1.2642, following a substantial decline. The Bank of England (BoE) has…
USD/CHF: Swiss Franc Slides After SNB Lowers Rates

USD/CHF: Swiss Franc Slides After SNB Lowers Rates

  The Swiss franc has tumbled on Thursday after the Swiss National Bank lowered interest rates. In the North American…
EUR/JPY: Double Top in Place — What’s Next?

EUR/JPY: Double Top in Place — What’s Next?

Bearish:  Yesterday we looked for the bounce up and we got it.  Today we are looking to start the journey…
GBP/USD: Pound Edges Lower Ahead of BoE Meeting

GBP/USD: Pound Edges Lower Ahead of BoE Meeting

  The British pound is slightly lower on Thursday. In the European session, GBP/USD is trading at 1.2766, down 0.16%.…
AUD/USD advances sharply in the FOMC aftermath

AUD/USD advances sharply in the FOMC aftermath

  AUDUSD was in a steady retreat since early March But finds feet and reclaims both SMAs after dovish FOMC…
EUR/USD Plunges Following Fed’s Decision

EUR/USD Plunges Following Fed’s Decision

  The EUR/USD pair soared to a weekly high of 1.0933 on Thursday following the Federal Reserve System’s announcement of…
Japanese Yen Hits Four-Month Low

Japanese Yen Hits Four-Month Low

  The USD/JPY pair surged to a four-month high as investors recalibrated their expectations for the Bank of Japan’s future…
EUR/JPY: Bounce Opportunity

EUR/JPY: Bounce Opportunity

Note: FOMC todayBullish: We are currently @ 164.45 in a channel after breaking out of the range. We are looking…
EUR/USD Hovers Over Critical 200 DMA Ahead of Fed Meeting — How Trade the Decision

EUR/USD Hovers Over Critical 200 DMA Ahead of Fed Meeting — How Trade the Decision

  The FOMC day is finally here, and all the attention will turn to the Fed’s latest economic projections and…
GBP/USD Dips as UK Inflation Lower Than Expected

GBP/USD Dips as UK Inflation Lower Than Expected

The British pound has extended its losses on Wednesday. In the European session, GBP/USD is trading at 1.2695, down 0.21%.…
USD/JPY advances in the BoJ aftermath

USD/JPY advances in the BoJ aftermath

  USDJPY storms to fresh 2024 high after BoJ’s rate hike The pair is within breathing distance from 33-year peak…
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