Forex

The hourly chart of USDJPY is showing not one, but two important patterns, both pointing in the same direction going forward. Take a look...

The Fed tried to sound tough last week when it held rates steady, but traders didn’t buy the threats. Coupled with the stabilization in...

The Federal Reserve didn't raise rates last week, but its hawkish tone was enough to push USDJPY higher to the vicinity of 142.00. Is...

USDCAD fell again last week after the Fed abstained from raising interest rates again, while the Bank of Canada is still tightening. Elliott Wave...

The ECB raised, while the Federal Reserve held its fire last week, which allowed EURUSD to notch up a strong gain of nearly 200...

The battle of the central banks seems to have produced a clear winner and that is the Euro after the Fed held steady, while...

USDJPY is trading in the green this week ahead of the important FOMC interest rate decision due later today. Can the recovery continue? A...

EURUSD is trying to stage a recovery ahead of today's crucial FOMC decision on interest rates. Can the bulls be relied on, though? Read...

USDCAD is down for the week so far after yesterday's CPI data strengthened the case for a pause in the Fed's tightening campaign. Is...

EURUSD made small gains last week in expectation of a rate hike pause by the Fed at its next meeting on June 13-14. Can...

USDJPY fell ~60 pips in the first full week of June on expectations for a rate hike pause to be announced by the Fed...

June is shaping up as a terrible month for USDCAD bulls as the pair plunged for the second straight week heading into FOMC. In...

USDCAD is down again as forex traders expect crude oil prices to head north soon and reestablish the inverse correlation between the two. Can...

USDJPY is trading lower for the second week in a row as the Fed is widely expected to hold interest rates steady at its...

EURUSD is down again this week, despite broad expectations that the Fed would abstain from pulling the trigger at its next meeting. How much...

Six months ago, in early-December, 2022, we wrote a comprehensive analysis of AUDUSD. It included our Elliott Wave interpretation of the pair’s historical, weekly...

USDJPY had a down week after US economic data tilted the odds strongly in favor of a pause in the Fed's rate hiking campaign....

USDCAD lost nearly 200 pips last week, observing its inverse correlation with the price of crude oil, which surged sharply the past two trading...

EURUSD lost ground for the fourth week in a row after Germany officially fell in a recession and the release of a goldilocks US...

USDJPY turned south shortly after touching an important line of resistance, which Elliott Wave analysis had helped us identify in advance. Can the slide...

EURUSD keeps sliding as the odds of another 25 bps rate hike by Fed increased following last week's PCE inflation reading. Is there a...

USDCAD bulls picked up where they left off and the pair is rising for the second week in a row. How far can it...

USDJPY surged last week as expectations for another 25 bps rate hike by the Fed increased and the BOJ keeps its ultra-loose policy. Is...

Expectations for another 25 bps Fed rate hike suddenly increased and caused a third weekly drop in EURUSD last week. How much further can...

USDCAD surged last week, helped by a drop in crude oil prices and rising expectations for another rate hike by the Fed. Can the...

EURUSD is down by more than 300 pips in less than a month as traders weigh a possible rate hike pause, recession worries and...

The US dollar keeps strengthening against the Canadian despite debt ceiling jitters and rising crude oil prices. How far is this rally going? Read...

USDJPY is up a again this week, bringing its total gain in 2023 so far to over 750 pips. Can the debt ceiling deadline...

USDJPY rose to a new 2023 high as mixed signals from the Fed made forex traders wonder if a rate hike pause is really...

USDCAD was down by over 150 pips at one point last week, but managed to recoup most of its losses and close on a...