Forex Opinion & Analysis

GBP/USD: British Pound Loses Ground on Soft Employment Report

GBP/USD: British Pound Loses Ground on Soft Employment Report

  The British pound has extended its losses on Tuesday. In the European session, GBP/USD is trading at 1.2799, down…
UK’s Slowing Wage Growth Drop Crumbs to BoE’s Doves

UK’s Slowing Wage Growth Drop Crumbs to BoE’s Doves

The British Pound is losing ground against the US Dollar for the second day in a row as pressure mounts…
Japanese Yen Weakens After Five Sessions of Gains

Japanese Yen Weakens After Five Sessions of Gains

  The USD/JPY pair has begun to rise, reaching 147.33. This shift follows five consecutive sessions of yen appreciation without…
US Labour Market Has Already Turned a Corner

US Labour Market Has Already Turned a Corner

Friday’s employment report caused a mixed reaction in the markets, with an initial surge of optimism followed by a deterioration…
Is the US Dollar Quietly Forming a Bearish Topping Pattern?

Is the US Dollar Quietly Forming a Bearish Topping Pattern?

  The U.S. Dollar continues to be the most powerful currency in the world. And for this reason, it’s also…
US Dollar Index Above Critical Support Ahead of CPI: How to Trade USD/JPY, EUR/USD

US Dollar Index Above Critical Support Ahead of CPI: How to Trade USD/JPY, EUR/USD

  Last week, the dollar faced selling pressure, reaching its lowest level in 7 weeks after the nonfarm payrolls data.…
Reaction to US Inflation Confirms Dollar’s Bull Trend

Reaction to US Inflation Confirms Dollar’s Bull Trend

  The release of last October’s US inflation data was a real blockbuster for the markets, creating powerful one-way movements.Consumer…
USD/JPY: What’s the Next Move?

USD/JPY: What’s the Next Move?

Bearish:  We are currently @ 150.57 in a rectangle pattern.  Two scenarios: Bullish:  a move to the upper day chart…
GBP/JPY Eases From Highs After Weaker UK Inflation Data

GBP/JPY Eases From Highs After Weaker UK Inflation Data

  UK inflation unchanged in January Markets expect BoE rate cut in Q2 GBP/JPY pares gains after hitting 8.5 year…
USD/JPY retreats after 3-month peak around 151.00

USD/JPY retreats after 3-month peak around 151.00

   USDJPY ·         USD/JPY surpasses significant levels such as 150.00·         RSI and Stochastic indicate overbought market·         MACD still looks strongly positiveUSD/JPY experienced a…
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