Forex Opinion & Analysis

EUR/USD Bears Fail to Break Above April 26 High

EUR/USD Bears Fail to Break Above April 26 High

  EUR/USD-Daily Chart The EUR/USD had a strong buy signal bar on May 2nd that rallied to the April 26th…
Swiss Franc Is Losing Ground Due to Low Inflation

Swiss Franc Is Losing Ground Due to Low Inflation

  The Swiss franc declined, losing about 1% to 0.8920 after a fresh batch of macroeconomic data. The unemployment rate…
USD/CAD Hovers Near 1.3500 After the Pullback From 1.3640

USD/CAD Hovers Near 1.3500 After the Pullback From 1.3640

  USDCAD is diving beneath the 1.3500 psychological mark and the 20-day simple moving average (SMA) after failing to jump…
USD/CAD Extends Slide Ahead of Job Reports

USD/CAD Extends Slide Ahead of Job Reports

  Canada’s employment change expected to slow US nonfarm payrolls projected to fall to 179,000 Canadian dollar rallies for third…
When Will Nonfarm Payrolls Be Bad Enough for the Fed to Cut?

When Will Nonfarm Payrolls Be Bad Enough for the Fed to Cut?

  The NFP report is expected to show 180K net new jobs and wages rising 0.3% m/m. With the Fed…
ECB Slows Rate Hike, but Unlikely to Stop in the Near Future

ECB Slows Rate Hike, but Unlikely to Stop in the Near Future

  The European Central Bank raised interest rates by a quarter of a percentage point to 3.75%, duplicating the Fed’s…
USD/CHF: Swiss Franc Hits 16-Week High on Dovish Fed

USD/CHF: Swiss Franc Hits 16-Week High on Dovish Fed

  Swiss inflation expected to rise to 0.5% Swiss franc’s appreciation raises concerns at SNB Fed raises rates by 25…
EUR/USD In Tight Bull Channel, Sideways Movement Likely

EUR/USD In Tight Bull Channel, Sideways Movement Likely

  EUR/USD-Daily Chart The EUR/USD formed an upside breakout following yesterday’s FOMC release. While the bulls hope the rally will…
Euro Craters After the ECB Signaled They Are Almost Done Tightening

Euro Craters After the ECB Signaled They Are Almost Done Tightening

  ECB will ensure that the policy rates will be brought to levels sufficiently restrictive ECB expects to discontinue the…
AUD/USD: Trying to Head Up

AUD/USD: Trying to Head Up

  Bullish:  AUD/USD is currently at 0.6674 in a channel.   We are looking for a continuation to the ATR aim…
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