Forex Opinion & Analysis
Japanese Yen Eyes Inflation Report
23.06.2022
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
23.06.2022
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
23.06.2022
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
23.06.2022
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
23.06.2022
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
23.06.2022
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
23.06.2022
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
23.06.2022
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
23.06.2022
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
23.06.2022
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…