Forex Opinion & Analysis

USD/MXN Finds Support at the 50% Retracement

USD/MXN Finds Support at the 50% Retracement

The USDMXN is finding some support at the 50% retracement of the April 2024 lows to June 2024 highs at…
Is a Potential Trump Presidency Positive or Negative for the US Dollar Index?

Is a Potential Trump Presidency Positive or Negative for the US Dollar Index?

While a potential new Trump mandate is widely seen as a positive for the dollar, the dollar index hit a…
NZD/USD Dips After Soft Services PMI

NZD/USD Dips After Soft Services PMI

The New Zealand dollar has started the trading week in negative territory. NZD/USD is trading at 0.6097 in the European…
US Dollar Bearish With 104 in Sight

US Dollar Bearish With 104 in Sight

Dollar remains bearish despite a gap higher following the attempted assassination of Donald Trump. One reason for some gaps on…
EUR/USD Jumps to a Fresh 1-Month High, Eyes June Peak Next

EUR/USD Jumps to a Fresh 1-Month High, Eyes June Peak Next

EUR/USD edges higher after break above SMAs The pair advances to its highest level since June 4 Oscillators suggest that bullish…
USD/JPY Eyes 154.74 Level Amid Possible Intervention

USD/JPY Eyes 154.74 Level Amid Possible Intervention

The Japanese yen showed significant strength against the US dollar late last week, with the pair currently stabilizing around 157.86.…
EUR/USD: Soft US CPI Paves the Way for Breakout — Watch Out for a Surge Above 1.09

EUR/USD: Soft US CPI Paves the Way for Breakout — Watch Out for a Surge Above 1.09

The dollar has weakened on disinflation data, pushing EUR/USD towards resistance at $1.09. Today’s PPI data could impact rate cut…
New Zealand Dollar Edges Higher Despite Soft Manufacturing Data

New Zealand Dollar Edges Higher Despite Soft Manufacturing Data

The New Zealand dollar is slightly higher on Friday. NZD/USD is trading at 0.6110 in the European session, up 0.24%…
USD/JPY Stabilizes After a Massive Slide

USD/JPY Stabilizes After a Massive Slide

The Japanese yen has edged lower on Friday after posting huge gains a day earlier. USD/JPY is trading at 159.16…
US Dollar Set to Move Sideways Ahead of PPI Release

US Dollar Set to Move Sideways Ahead of PPI Release

The dollar index experienced a significant sell-off yesterday, after US inflation data has softened more than expected, to 3%, from…
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