Forex Opinion & Analysis
AUD/USD Slips to 12-Month Low on Bullock’s Comments
28.10.2023
AUD/USD Slips to 12-Month Low on Bullock’s Comments
AUD/USD falls to lowest level since October 2022 US GDP expected to jump to 4.3% The Australian dollar has…
Euro Under Presssure Ahead of ECB Meeting
28.10.2023
Euro Under Presssure Ahead of ECB Meeting
ECB expected to pause at today’s meeting The euro continues to lose ground and has fallen over 1% since…
EUR/USD About to Complete a Bearish Megaphone: What Comes Next?
28.10.2023
EUR/USD About to Complete a Bearish Megaphone: What Comes Next?
EUR/USD has been in a downtrend for the last 2 years. The ongoing ominous megaphone is about to resume…
USD/JPY: Hovering Around 150 as Japanese Bond Yields Steadily Rise
28.10.2023
USD/JPY: Hovering Around 150 as Japanese Bond Yields Steadily Rise
Japan 10-year bond yields rose 1.5bps to 0.852% Odds of a yield curve control adjustment are growing for next…
EDGE Chart of the Day — USD/MXN
28.10.2023
EDGE Chart of the Day — USD/MXN
The 18.5000 level is more important than you think. The USD/MXN18.5000 level has capped the rally in recent weeks.…
US Dollar’s Shallow Correction May Be Over
27.10.2023
US Dollar’s Shallow Correction May Be Over
After starting the week in retreat, the US dollar reversed sharply higher in the European session on Tuesday and…
EUR/JPY: New Channel Forms
27.10.2023
EUR/JPY: New Channel Forms
Bearish: We are currently @ 158.51 in a new channel in a range. We have convergence for the continuation. We…
Inflation Surprise Doesn’t Help the Aussie
27.10.2023
Inflation Surprise Doesn’t Help the Aussie
Australian inflation surprised on the upside, reigniting expectations of another rate hike as early as November. However, the Aussie…
USD/CAD Eyes Bank of Canada Decision
27.10.2023
USD/CAD Eyes Bank of Canada Decision
Bank of Canada expected to hold rates at 5.0% The Canadian dollar is steady on Wednesday. In the European…
Australian Dollar Falls Despite CPI Rise
27.10.2023
Australian Dollar Falls Despite CPI Rise
Australia’s CPI accelerates US PMIs show slight improvement The Australian dollar rose about 40 basis points on Wednesday after…