Forex Opinion & Analysis

Japanese Yen Eyes Inflation Report

Japanese Yen Eyes Inflation Report

The Japanese yen is in positive territory today, extending its gains from yesterday. USD/JPY is trading at 135.46 in the…
Euro Wobbles On Poor PMI Data

Euro Wobbles On Poor PMI Data

The euro sees the largest decline within a single hour this month after the eurozone released its latest PMI (Purchasing…
EUR/USD: Second Short Entry, Tight Trading Range

EUR/USD: Second Short Entry, Tight Trading Range

EUR/USD Daily Chart The EUR/USD has been going sideways since late April. Bulls have a head and shoulders bottom (left…
USD/JPY: Starting A Downside Channel

USD/JPY: Starting A Downside Channel

Bearish USD/JPY is currently at 135.44 after putting in what appears to be a top. The pair has convergence to…
AUD/USD Below 0.6900; Next Support At 2-Year Lows

AUD/USD Below 0.6900; Next Support At 2-Year Lows

AUDUSD has been underperforming over the last week as it failed to surpass the short-term simple moving averages (SMAs). The…
Euro Slips On Weak PMIs

Euro Slips On Weak PMIs

The euro is in negative territory on Thursday and has pared most of this week’s gains. EUR/USD is trading just…
NZD/USD: A Break Below 6190 Is A Sell Signal

NZD/USD: A Break Below 6190 Is A Sell Signal

AUD/USD has minor resistance at 6950/70 again today (a high for the day exactly here yesterday). A break above 6980…
President Biden’s Appeal To Congress Disappoints Traders

President Biden’s Appeal To Congress Disappoints Traders

President Joe Biden called on Congress to pass legislation that would create a federal tax holiday on gas and diesel…
GBP/USD: Pair Stumbles After Fed Says It Doesn’t Want A Recession

GBP/USD: Pair Stumbles After Fed Says It Doesn’t Want A Recession

The GBP/USD pair saw bullish and bearish price movements over the past 24 hours and continues to look uncertain in…
EUR/USD Climbs After Powell Testifies

EUR/USD Climbs After Powell Testifies

The EUR/USD pair is rising for the third day in a row on Wednesday with the greenback softer across the…
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