Forex Opinion & Analysis

Bearish:  GBP/NZD currently at 2.0544 in a 3rd wave.  We are looking for a continuation to the ATR at 2.0454 with an overall target the 4.236 Fibo at 2.0314. Watch the USDX for direction. The average...

UK GDP contracts in May but beats estimate British pound hits 15-month high against the US dollar The British pound continues to rally against the US dollar. GBP/USD has risen to 1.3068, up 0.62%. The...

EURUSD skyrocketed to sixteen-month highs in the wake of the US CPI data on Wednesday, experiencing one of its best daily performances this year.The pair inched up to a new high of 1.1147 early on...

Overview: Softer-than-expected US CPI, following weaker-than-expected job growth has sent the greenback tumbling. The US dollar is stabilizing against the yen today, but the downside momentum is...

US Dollar Index is down sharply as US yield declined following US CPI data yesterday when numbers came out down big, to 3% from 4%. Interestingly, cryptos are not attractive at this stage, while...

Combined with Friday’s NFP report, the US CPI print suggests the US economy may be downshifting. While a Fed rate hike later this month is still seen as overwhelmingly likely, markets are...

The Globex market formed a strong upside breakout during the CPI report released at 5:30 AM PT this morning. The EUR/USD formed a strong upside breakout during the report and is currently getting a...

EUR/AUD currently @ 1.6402 after topping out and making the turn. We are looking for a continuation to the ATR @ 1.6333 with the overall target the 2.618 Fibo @ 1.6321. Watch the USDX for direction....

USDJPY has been sold aggressively since the NFP release last Friday, falling by almost 2.0% to a one-month low of 139.30.The bears snapped the latest bullish wave from mid-June, which peaked at...

New Zealand’s central bank takes a pause after 12 consecutive hikes New Zealand Manufacturing PMI expected to show manufacturing is stalled US inflation expected to decline to 3.1% The New...

UK unemployment rises to 4% in the three months to May, up from 3.8% Average earnings hit 7.3% (excluding bonus) and 6.9% (including bonus) Markets expect BoE to raise rates another 1.25% UK jobs data...

The EUR/USD formed a strong follow-through bar yesterday after last Friday’s strong bull close. The market exceeded the June 22 high early this morning and reversed down. At the moment, today’s bar...

UK labour market data is making the Bank of England's task of fighting inflation complex, with markets increasing expectations of a 50bp rate hike in early August. But we focus on falling employment,...

Bearish:  AUD/NZD currently @ 1.0772 in a rare trend. We are looking for a continuation to the ATR at  1.0692 with the overall target the day chart bottom @ 1.0580.  Should see a bounce there for a...