Forex Opinion & Analysis

EUR/NZD Channel Break

EUR/NZD Channel Break

Bearish   USDX has printed an abc corrective pattern at the time of this post but is uncommitted yet to the…
Technical Analysis – USDJPY ticks up within the confines of a trading range

Technical Analysis – USDJPY ticks up within the confines of a trading range

USDJPY has shoved above the 50-day simple moving average (SMA) in attempts to head towards the ceiling of a three-week…
Bitcoin And Gold Fall Bring Back Interest To The Dollar

Bitcoin And Gold Fall Bring Back Interest To The Dollar

On Tuesday, the dollar added around 0.5% to a basket of the six most popular currencies on turbulence in some…
GBP Falls On U.S. Nonfarm Payrolls

GBP Falls On U.S. Nonfarm Payrolls

Yesterday’s decline of the pound can be attributed to the US jobs report that was released on Friday. The reason…
RBA And UK Prime Minister’s Reversal From COVID

RBA And UK Prime Minister’s Reversal From COVID

Aussie fell across the board after the RBA confirmed what many had suspected—Delaying the taper on debt purchases into February…
Gold Bumps On The 1,835 Wall; Bullish Phase Still On The Wires

Gold Bumps On The 1,835 Wall; Bullish Phase Still On The Wires

Gold bulls saw their efforts falling apart around the tough resistance of 1,835 on Friday despite setting a solid foothold…
Euro Dips After Flirting With 1.19

Euro Dips After Flirting With 1.19

The euro is slightly lower in the Monday session. Currently, EUR/USD is trading at 1.1861, down 0.15% on the day.…
Aussie Rally Pauses Ahead Of RBA

Aussie Rally Pauses Ahead Of RBA

The Australian dollar is in negative territory on Monday, after flexing some muscle last week. AUD/USD is trading at 0.7430,…
GBP Rises Following NFP Report

GBP Rises Following NFP Report

Market participants were so eager to learn the results of Nonfarm Payrolls data that they completely ignored other macroeconomic reports,…
Shifting From Fed To ECB Taper Talks

Shifting From Fed To ECB Taper Talks

US Nonfarm payrolls disappointed last Friday with only 235,000 jobs created in August. The US dollar sold off in an…
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