Forex Opinion & Analysis

The EUR/USD pair is closing the last trading day of the week with mild gains, on track to post a green weekly candle as the dollar remains under pressure. At the same time, European Central Bank (ECB)...

As 2023 gets underway, so do the central bank meetings and the Bank of Canada will be the next after the BoJ to announce its first policy decision of the year. Meanwhile, investors will be nervously...

UK retail sales fell by 1% in December, excluding fuel by 1.1%. The data surprised analysts who had, on average, expected an increase of 0.5% last month. Sales were 5.8% lower than in the same month a...

The euro continues to have a very quiet week, as EUR/USD appears content to trade around the 1.08 line.Lagarde Brings Her Message to DavosIt’s challenging to think of ECB President Lagarde as a hawk,...

The US dollar is mostly softer today against the G10 currencies, with the notable exception, the yen, Swiss franc, and sterling. The risk-on mood is seen in the foreign exchange market with the...

The Canadian dollar is unchanged on Friday, trading at 1.3466 in the European session. We could see some volatility in the North American session, as Canada releases retail sales.Retail sales expected...

USDCAD had been in an uptrend since March, posting a fresh 30-month high of 1.3976 before experiencing a downside correction. In the short-term, the pair attempted to edge higher after breaking above...

The British pound edged lower on Friday. In the European session, GBP/USD is trading at 1.2360, down 0.27%.Retail sales fall sharplyUK retail sales were dismal in December. The headline figure fell...

EUR/USD for January 2023 is on track to record a positive up month; however, eight trade days remain to complete the month. EUR/USD’s 23-year historic scorecard for January factors as 14 down months...

The Australian dollar extended its slide on Thursday. AUD/USD is trading at 0.6884 in Europe, down 0.82%.Australian employment data disappointsAustralia’s December employment report was weaker...

AUDUSD has been staging an impressive rebound after finding its feet at the 32-month low of 0.6169 in mid-October. Nevertheless, the pair has experienced a moderate pullback in the near term, with its...

The Australian dollar punched across the symbolic 70 line earlier on Thursday for the first time since August. The AUD/USD pair has given up all of these gains and is unchanged at 0.6986 in the North...

Since the financial media went gaga for the greenback back in October, it has fallen from nearly 115 down to 102 last week, a decline of more than 10%. From a technical standpoint, the dollar index...

The EUR/USD traded little changed by the end of the U.S. session on Wednesday after being rejected by a fresh nine-month high amid renewed recession fears. At the time of writing, the EUR/USD pair is...