Forex Opinion & Analysis

GBPUSD inches down to a new five-month lowAn extension below 1.2400 could generate fresh selling interestGBPUSD tried to breach the psychological barrier at 1.2500 and re-establish itself...

The British pound is steady on Monday. In the North American session, GBP/USD was trading at 1.2445, up 0.05%.US retail sales climb 0.7%US consumers continue to shop and spend as March retail sales...

Welcome to today's video where we'll review yesterday's trades, share today's trade ideas, and dive into the latest market news. Join us as we analyze the markets through a technical lens and...

US retail sales rose 0.7% in March after a 0.9% jump (revised from 0.6%) in February. An increase of 0.4% was expected. Such strong data reverses the pattern of last month when February's growth did...

Bullish:  Currently we are at 1.6430 in a new channel.  IF we can break the triangle resistance here, we are looking to continue to the ATR target @ 1.6502 with a further target the R4 @...

With tensions escalating between Iran and Israel, traders closely monitored Iran's response over the weekend, affecting assets like gold and the US dollar. Last week, the DXY surged to 105 after the...

·        Will UK CPI data drive cable even lower? ·        USDJPY still skyrockets ahead of Japanese CPI...

The EUR/USD pair has experienced a notable decline, currently stabilising around 1.0648. Last week, the pair recorded its most significant weekly gain since 2022, fuelled by the anticipation of...

Many forex traders use seasonal patterns as part of their trading strategy. Here are some seasonal patterns worth watching including the best and worst-performing currencies in the month of April

The New Zealand dollar is down sharply on Friday. In the North American session, NZD/USD is trading at 0.5956, down 0.68%. The US dollar has moved higher against the majors and NZD/USD has declined...

The euro continues to stumble and is down for a fourth straight day. In the European session, EUR/USD is trading at 1.0653, down 0.67%. The euro has fallen 1.7% this week as the US dollar continues to...

The pressure on the euro is growing as the gap between expected rate cuts from the Fed versus the ECB keeps widening. The latter is moving closer to cutting interest rates right as the former’s...

The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%. The pound is down 1.1% this week and fell to 1.2489 earlier today, its lowest point...

The AUD/USD pair remains under pressure, hovering around 0.6528 on Friday. Earlier this week, the Australian dollar faced significant challenges, with a sharp decline against the USD. Efforts to...