Forex Opinion & Analysis
EUR/USD Extends Bullish Race; Resistance Nearby
13.07.2023
EUR/USD Extends Bullish Race; Resistance Nearby
EURUSD_13_07_daily EURUSD skyrocketed to sixteen-month highs in the wake of the US CPI data on Wednesday, experiencing one of…
U.S Dollar Index Targeting 100 Area in Risk-On Environment
13.07.2023
U.S Dollar Index Targeting 100 Area in Risk-On Environment
US Dollar Index is down sharply as US yield declined following US CPI data yesterday when numbers came out…
USD/CAD Slips After BoC Rate Hike
13.07.2023
USD/CAD Slips After BoC Rate Hike
Bank of Canada raises rates by 0.25% US inflation falls to 3.0%, lower than expected The Canadian dollar has…
EUR/USD Soars to 16-Month Highs: More Gains Imminent?
13.07.2023
EUR/USD Soars to 16-Month Highs: More Gains Imminent?
Combined with Friday’s NFP report, the US CPI print suggests the US economy may be downshifting. While a Fed…
EUR/USD: Second Leg Up to May High
12.07.2023
EUR/USD: Second Leg Up to May High
EUR/USD Daily Chart The Globex market formed a strong upside breakout during the CPI report released at 5:30 AM…
EUR/AUD: Makes the Turn
12.07.2023
EUR/AUD: Makes the Turn
EUR/AUD currently @ 1.6402 after topping out and making the turn. We are looking for a continuation to the…
GBP/USD Breaks Out as Hawks Take Charge at ECB, BoE
12.07.2023
GBP/USD Breaks Out as Hawks Take Charge at ECB, BoE
U.K. inflation is highest among G7 countries and inflation in Eurozone is expected to stay elevated until 2025 This…
USD/JPY Sellers Could Stay in Play
12.07.2023
USD/JPY Sellers Could Stay in Play
USDJPY_12_07_daily USDJPY has been sold aggressively since the NFP release last Friday, falling by almost 2.0% to a one-month…
New Zealand Dollar Pares Gains as RBNZ Holds Rates
12.07.2023
New Zealand Dollar Pares Gains as RBNZ Holds Rates
New Zealand’s central bank takes a pause after 12 consecutive hikes New Zealand Manufacturing PMI expected to show manufacturing…
USD/CAD Slips as NFP Falls, Canada Adds Jobs
12.07.2023
USD/CAD Slips as NFP Falls, Canada Adds Jobs
US nonfarm payrolls decline Canada adds 60,000 jobs Bank of Canada expected to raise rates on Wednesday The Canadian…