Forex Opinion & Analysis

The New Zealand dollar is lower on Friday. NZD/USD is down 0.31% on the day, trading at 0.6015 in the European session at the time of writing.New Zealand manufacturing has been in a prolonged slump...

The Canadian dollar is almost unchanged on Friday. USD/CAD is up 0.03%, trading at 1.3680 in the European session at the time of writing.Canada’s Job Growth Expected to ReboundCanada will...

The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing.UK GDP Rises 0.6%The British economy grew by 0.6% q/q in the first...

AUDUSD repeatedly fails to conquer the 0.6643-0.6666 rangeBut outlook is positive as price holds above 50 and 200-day SMAsMomentum indicators deteriorate but remain in positive zonesAUDUSD has been in...

The British pound is showing limited movement on Thursday. GBP/USD is up 0.15%, trading at 1.2515 in the North American session at the time of writing.Bank of England maintains rate at 5.25%The Bank...

The euro continues to have an uneventful week. EUR/USD is up down 0.06%, trading at 1.0748 in the North American session at the time of trading.German industrial production declinesIt has been a mixed...

Bullish:  Currently we are at 171.15 in a working channel and a possible 5th wave.  IF we break the 1.618 Fibo here, we are looking to continue to the ATR target @ 172.10.    Watch...

USD/CAD has edged higher on Wednesday and is up 0.25%, trading at 1.3760 at the time of writing.Canada’s Ivey PMI climbed sharply in April to 63.0, up from 57.5 in March and beating the forecast...

The Japanese yen is down for a third straight day and has declined 1.5% this week. USD/JPY has risen 0.43% on the day and is trading at 155.35 at the time of writing. Early Thursday, the BoJ will...

Strengthening rate cut projections weigh on USDJPY; upward pattern intact above 151.90GBPUSD faces rejection near familiar resistance of 1.2630 ahead of BoE policy announcementUSDCAD trends within a...

The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance...

The GBP/USD pair is testing the 1.2480 level to the downside, maintaining the previously established downward momentum amid the absence of positive macroeconomic data from the U.S. and the UK.The UK...

The EUR/USD pair is in moderate decline, continuing a previously established downward momentum. The currency is testing the 1.0740 level to the downside as investors wait for new catalysts to move the...