Forex Opinion & Analysis
Canadian Dollar Recovers, Eyeing Bank of Canada’s Next Move
23.01.2024
Canadian Dollar Recovers, Eyeing Bank of Canada’s Next Move
The Canadian dollar has seen a notable recovery, distancing itself from its recent monthly low. The USDCAD pair now…
US Dollar: Recovery at Risk as Pivotal Week for Global FX Market Gets Underway
22.01.2024
US Dollar: Recovery at Risk as Pivotal Week for Global FX Market Gets Underway
US Dollar Index struggles at 103.4 resistance amid rising bond yields, impacting major currencies and gold. ECB hints at…
USD/JPY: Japanese Yen Flat Ahead of BoJ Announcement
22.01.2024
USD/JPY: Japanese Yen Flat Ahead of BoJ Announcement
Bank of Japan to make announcement on Tuesday The Japanese yen is in a holding pattern on Monday as…
Gold lower; tests key trendline
22.01.2024
Gold lower; tests key trendline
· Gold is lower again today · Holds beneath short-term SMAs · Momentum indicators disappoint below mid-levels Gold prices are…
USD/JPY: Yen Under Pressure as Japanese Core CPI Eases
19.01.2024
USD/JPY: Yen Under Pressure as Japanese Core CPI Eases
Japan’s Core CPI eases to 2.3% The Japanese yen has recovered after losing ground earlier in the day. USD/JPY…
Week Ahead – ECB and BoJ meetings in the spotlight
19.01.2024
Week Ahead – ECB and BoJ meetings in the spotlight
Japanese yen loses ground ahead of BoJ decision on Tuesday ECB meets on Thursday, will it push back against rate…
GBPJPY charts new high but with caution
19.01.2024
GBPJPY charts new high but with caution
GBPJPY_19_01_Daily GBPJPY loses momentum after charting new high Downside moves likely; resistance within 188.00-189.00 area GBPJPY ascended almost vertically…
GBP/JPY – Pulls Off Highs as UK Retail Sales Plunge in December
19.01.2024
GBP/JPY – Pulls Off Highs as UK Retail Sales Plunge in December
A poor December for UK retailers Is weaker demand a good thing for the BoE? GBP/JPY eases off eight-year…
US Dollar Can Turn Lower If Stocks Resume Higher
19.01.2024
US Dollar Can Turn Lower If Stocks Resume Higher
Yesterday, housing data and weekly jobless claims had some positive impact on USD, but then stocks turned up during US…
GBP/USD: British Pound Dips as Retail Sales Slide
19.01.2024
GBP/USD: British Pound Dips as Retail Sales Slide
UK retail sales slide 3.2% in December GBP/USD edges lower The British pound has weakened slightly on Friday. In…