Forex Opinion & Analysis
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Australian Dollar Drifting Ahead of US Inflation Report
12.10.2023
Australian Dollar Drifting Ahead of US Inflation Report
US CPI expected to ease US PPI surprised to the upside The Australian dollar is showing limited movement on…
USD/JPY Sits on Support Ahead of US CPI Data
12.10.2023
USD/JPY Sits on Support Ahead of US CPI Data
USDJPY_12_10_Dalily USDJPY keeps its footing on 20-day SMA at 148.75 Broad uptrend intact, but technical signals warrant some caution…
British Pound Shrugs as UK Economy Rebounds
12.10.2023
British Pound Shrugs as UK Economy Rebounds
UK GDP bounces back with 0.2% gain FOMC minutes: Restrictive policy to continue until inflation falls to target The…
GBP/USD: Could Today’s Economic Data Finally Provide the Breakout Traders Expect?
12.10.2023
GBP/USD: Could Today’s Economic Data Finally Provide the Breakout Traders Expect?
GBP/USD pair has finally bounced after a sustained downtrend The pair is now coming across a resistance zone Could…
EUR/USD: Rally Above September 29 Lower High Unlikely
11.10.2023
EUR/USD: Rally Above September 29 Lower High Unlikely
EUR/USD-Daily Chart The EUR/USD is testing above the September 29th Major lower high. The market is likely converting into…
Australian Dollar’s Rally Fizzles
11.10.2023
Australian Dollar’s Rally Fizzles
Australian inflation expectations projection to decelerate The Australian dollar has edged lower on Wednesday. AUD/USD is trading at 0.6419,…
GBP/USD Drifting Ahead Of UK GDP
11.10.2023
GBP/USD Drifting Ahead Of UK GDP
UK growth expected to rebound in August Fed members more dovish due to the increase in US yields The…
Euro Calm as German Inflation Falls, FOMC Eyed
11.10.2023
Euro Calm as German Inflation Falls, FOMC Eyed
German inflation declines Fed to release minutes of September meeting The euro continues to have an uneventful week. In…
Technical Analysis – EURUSD takes a breather before new battle
11.10.2023
Technical Analysis – EURUSD takes a breather before new battle
EURUSD eases bullish tone near major obstacle Holds within bearish channel ahead of FOMC minutes Bulls need to drive…
US Dollar: What Are Post-CPI Prospects for the Greenback?
11.10.2023
US Dollar: What Are Post-CPI Prospects for the Greenback?
Dollar Index at so-called inflection point, pending Fed chatter on rates and CPI DXY down 2nd week in row,…