Forex Opinion & Analysis
EUR/JPY Steady in Range, Preparing for a Potential Upswing
26.09.2024
EUR/JPY Steady in Range, Preparing for a Potential Upswing
Currently, EUR/JPY pair is rangebound within a channel, trading at 161.21 at the time of writing. We are looking for…
AUD/USD Consolidates Below 0.6885, Setting Stage for a Move Higher
26.09.2024
AUD/USD Consolidates Below 0.6885, Setting Stage for a Move Higher
The AUD/USD is testing for the 3rd consecutive day the long-term symmetrical triangle’s T/L resistance at 0.6885. A break above…
SNB Failed to Surprise With the Rate Cut and Is Unlikely to Weaken CHF
26.09.2024
SNB Failed to Surprise With the Rate Cut and Is Unlikely to Weaken CHF
The Swiss National Bank met expectations by cutting its key interest rate by 0.25 percentage points to 1.0%, slowing the…
USD/CHF: Swiss Franc Edges Lower After Swiss Central Bank Cuts Rates
26.09.2024
USD/CHF: Swiss Franc Edges Lower After Swiss Central Bank Cuts Rates
The Swiss franc is showing limited movement on Thursday. USD/CHF is trading at 0.8483, down 0.24% on the day. In…
EUR/USD Poised for More Upside as Key 1.12 Breakout Appears Growingly Likely
26.09.2024
EUR/USD Poised for More Upside as Key 1.12 Breakout Appears Growingly Likely
The EUR/USD pair is gaining momentum as expectations rise for a jumbo Fed rate cut in November. Key economic data…
US Dollar Index: Support Test Near 100 Appears Likely
26.09.2024
US Dollar Index: Support Test Near 100 Appears Likely
Yesterday, we saw some interesting reversals on dollar pairs during the US session after the US housing data was released.…
GBP/USD: A Quick Technical Case for a Near-Term Dip to Key Support Levels
26.09.2024
GBP/USD: A Quick Technical Case for a Near-Term Dip to Key Support Levels
GBP/USD has surged on the back of strong UK economic data and the BOE’s interest rate eclipsing the Fed’s. The…
EUR/USD: Reversal Risks Grow as Weak Eurozone Data Weighs on Pair
25.09.2024
EUR/USD: Reversal Risks Grow as Weak Eurozone Data Weighs on Pair
The EUR/USD was holding near the August high of 1.12 handle, still finding mild support from China’s announcement yesterday of…
US Dollar Tests Key Support Levels Amid Eroding Value Concerns
25.09.2024
US Dollar Tests Key Support Levels Amid Eroding Value Concerns
After two weeks of dollar weakness, the currency market is experiencing a pullback. The US Dollar Index (DXY) is rising…
SNB Preview: USD/CHF Eyes Range Breakout on FX Intervention Chatter
25.09.2024
SNB Preview: USD/CHF Eyes Range Breakout on FX Intervention Chatter
Swiss National Bank (SNB) decision anticipated, markets split on 25 or 50 basis point rate cut. Strong Swiss Franc pressures…