Forex Opinion & Analysis

AUD/USD Slips to 12-Month Low on Bullock’s Comments

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

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?

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

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

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

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

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

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

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

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…
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