Forex Opinion & Analysis

Canadian Dollar Extends Slide

Canadian Dollar Extends Slide

The Canadian dollar continues to lose ground, despite solid Canadian employment data on Friday. In the European session, USD/CAD is…
Chart Of The Day: Japanese Yen Nearing 24-Year Low; More Weakness Ahead?

Chart Of The Day: Japanese Yen Nearing 24-Year Low; More Weakness Ahead?

Friday’s US CPI print showed an unexpected YoY jump to 8.6% in May, extending April’s 8.3% consumer price inflation rise.…
EUR/USD: Bears Looking For A Breakout Below The May 13 Low

EUR/USD: Bears Looking For A Breakout Below The May 13 Low

EUR/USD may test the May 13 low within the next few days. The bears will likely be disappointed, and the…
GBP/AUD: Potential Breakout Opportunity

GBP/AUD: Potential Breakout Opportunity

Bearish At time of writing, GBP/AUD is at 1.7460, trading in a range. If the pair completes this breakout, look for…
Pound Closing In On 2-Year Low

Pound Closing In On 2-Year Low

The British pound was down sharply at the start of the week, as US inflation and weak UK numbers were…
More Downside Looms For GBP/USD And The FTSE 100

More Downside Looms For GBP/USD And The FTSE 100

GBP/USD is trading near 1.2250, losing about 3% in the last four trading sessions. Pressure on the pound intensified on…
Pound Sterling Bearish; Recession Looms For The U.S. Economy Suggest Economists

Pound Sterling Bearish; Recession Looms For The U.S. Economy Suggest Economists

After an unexpectedly higher U.S. inflation reading last Friday, chances for a 75bp Federal Reserve rate hike in upcoming FOMC…
EUR/USD Deepens Bearish Bias After Key Support Breaks

EUR/USD Deepens Bearish Bias After Key Support Breaks

EURUSD is extending its slide for a third straight day on Monday, dropping below the 1.0485 level, which acted as…
EUR/USD Extends Losses As U.S. Inflation Data Spurs Risk Aversion

EUR/USD Extends Losses As U.S. Inflation Data Spurs Risk Aversion

The EUR/USD pair fell sharply on Friday, recording its second daily loss in a row against a backdrop of risk…
Oh, Nyet! Look At That Ruble Go…

Oh, Nyet! Look At That Ruble Go…

I can’t help but notice how Biden and other leaders aren’t mocking the Russian ruble (as they called it earlier this…
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