Forex Opinion & Analysis

EUR/JPY Steady in Range, Preparing for a Potential Upswing

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

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

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

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

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

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

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

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

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

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…
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