Forex Opinion & Analysis
Japanese Yen Weakens Despite Government Warnings
10.05.2024
Japanese Yen Weakens Despite Government Warnings
The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing…
Pound shows little reaction as BoE holds rates
10.05.2024
Pound shows little reaction as BoE holds rates
The British pound is showing limited movement on Thursday. GBP/USD is up 0.15%, trading at 1.2515 in the North American…
USD/JPY: Japanese Yen Lower After BoJ Minutes
10.05.2024
USD/JPY: Japanese Yen Lower After BoJ Minutes
The Japanese yen has posted a three-day slide and is in negative territory on Thursday. USD/JPY has risen 0.26% on…
Euro Drifting After Weak German Data
09.05.2024
Euro Drifting After Weak German Data
The euro continues to have an uneventful week. EUR/USD is up down 0.06%, trading at 1.0748 in the North American…
CHF/JPY Keeps Marching Higher
09.05.2024
CHF/JPY Keeps Marching Higher
Bullish: Currently we are at 171.15 in a working channel and a possible 5th wave. IF we break the 1.618…
GBP/USD Gears Up to Break Out of Long-Term Consolidation Ahead of BoE Decision
09.05.2024
GBP/USD Gears Up to Break Out of Long-Term Consolidation Ahead of BoE Decision
The FX markets have been a little quieter so far this week, largely due to a quiet US data calendar.…
USD/CAD: Canadian Dollar Slips Despite Strong Ivey PMI
09.05.2024
USD/CAD: Canadian Dollar Slips Despite Strong Ivey PMI
USD/CAD has edged higher on Wednesday and is up 0.25%, trading at 1.3760 at the time of writing. Canada’s Ivey…
USD/JPY – Yen Weakness Prompts Warning From Tokyo
09.05.2024
USD/JPY – Yen Weakness Prompts Warning From Tokyo
The Japanese yen is down for a third straight day and has declined 1.5% this week. USD/JPY has risen 0.43%…
GBP/USD: Business Activity in the UK’s Construction Sector Recovering
09.05.2024
GBP/USD: Business Activity in the UK’s Construction Sector Recovering
The GBP/USD pair is testing the 1.2480 level to the downside, maintaining the previously established downward momentum amid the absence…
EUR/USD: Continues Its Downward Momentum
09.05.2024
EUR/USD: Continues Its Downward Momentum
The EUR/USD pair is in moderate decline, continuing a previously established downward momentum. The currency is testing the 1.0740 level…