Forex Opinion & Analysis

PBOC Governor Pan spoke overnight and confirmed that they are still looking to continue their accommodative stance, albeit with no big changes likely. One thing they did touch on was that they are...

Current DynamicsAfter a significant drop last week, the GBP/USD pair is correcting upwards, settling at the 1.2716 level. This is due to the slowdown in the growth of the US dollar and positive...

Bullish to bearish:  Forex Strategies: Currently we are at 157.91 in the top of a range.  We are looking for a triple top and the reverse to the 1.000 Fibo @ 157.47 area and then the ATR target @...

The New Zealand dollar is steady on Tuesday. NZD/USD is trading at 0.6138, down 0.10% in the European session at the time of writing. US markets are closed for a holiday. New Zealand will release...

CAD The Canadian dollar has been stuck in a wedge this week, pushed moderately higher by a strong equity backdrop but capped by dovish BoC expectations. We suspect the latter dynamic will prove the...

The NZD/USD pair declined to 0.6135 on Wednesday, despite the New Zealand dollar performing much better in the previous session. It rose in response to the fall of the US dollar, which was triggered...

US retail sales rose 0.1% in value for May, worse than the 0.3% rise expected after a 0.2% decline a month earlier. Total sales were 2.5% higher than a year earlier, lagging the 3.3% inflation over...

The Current DynamicsThe XAU/USD pair continues to trade above the 2300.0 level, supported by various factors, with the rhetoric of the US Federal Reserve (Fed) members being a significant...

Bullish:  Forex Strategies: Currently we are at 1.2686 in a range.  We are looking to continue a C wave to the ATR target @ 1.2743 area and then the 1.000 Fibo @ @ 1.2760 area.  We should see a...

The British pound has edged lower on Tuesday. GBP/USD is trading at 1.2683 in the European session at the time of writing, down 0.16% on the day. There are no UK events on Tuesday, while the US...

The Reserve Bank of Australia kept its key rate at a 12-year high of 4.35%. The market widely expected the decision, so it did not cause a spike in volatility. However, we note that the RBA warned...

BoE is set to decide on monetary policy on Thursdaay. Consensus assumes the central bank will hold steady at least until UK general elections. But a dovish surprise is always in the cards and may...

The US dollar seems to be trapped in a large sideways range ahead of summer, while stocks continue to push higher. It will be interesting to see if stocks take a pause during the summer, potentially...

The euro is steady on Monday. EUR/USD is trading at 1.0732 in the North American session, up 0.29% on the day. French election triggers market turmoil France’s financial markets took a tumble late...