Tag: CURRENCIES

USDCAD seems to defy logic, climbing alongside crude oil even as Fitch just downgraded the credit rating of the United States. Can the rally...

Fitch surprisingly downgraded the credit rating of the United States, dragging the US dollar down against its rivals. Can the plunge continue in USDJPY?...

USDCAD closed marginally higher for the second week in a row despite the accompanying rise in crude oil prices and less hawkish Fed. Can...

It was a volatile week for USDJPY after the BOJ tweaked its policy to allow 10-year yields to rise up to 1%. How does...

Last week, EURUSD dipped to the support area, which Elliott Wave analysis had helped us identify the week before. Where is the pair likely...

EURUSD, the most traded forex pair, will certainly be an important battlefield between bulls and bears after today's Fed rate decision. Who's more likely...

USDJPY is down this week as traders look forward to today's interest rate decision. Is the pair going to keep sliding post-Fed? Read in...

USDCAD is down by about 50 pips this week as traders brace for the Fed's interest rate decision and Jay Powell's comments later today....

USDJPY surged sharply last week on expectations that the Bank of Japan will abstain from any changes to its ultra-loose policy next week. In...

The bulls' winning streak came to an abrupt end last week after EURUSD closed 150 pips below Tuesday's intraday high. Is there a support...

USDCAD notched up a gain last week ahead of the Fed's interest rate decision on July 26th and the PCE index release two days...

EURUSD's hardly changed since the beginning of the week as traders brace for another Fed rate hike and the PCE index release next week....

USDCAD is down a bit this week, pressured by rising oil prices, even as the Fed is expected to raise interest rates again next...

USDJPY is up this week as the Federal Reserve is widely expected to add another 25 basis points to US interest rates on July...

It’s been over six months since we last wrote about GBPUSD. At the start of 2023, the Pound was hovering around 1.2100, up nearly...

USDCAD dipped below 1.3100 last week before the bulls managed to regroup and lift the pair to a Friday close at 1.3217. In today's...

EURUSD surged sharply and closed above 1.1220 last week following a lower-than-expected June inflation reading in the US. Is it too late to join...

USDJPY plunged last week as the Consumer Price Index showed that inflation decelerated more than expected in June. How much further can the pair...

It’s been another week USDCAD bulls would like to forget. Currently below 1.3130, the pair is down by over 150 pips since the market...

The bulls are making gains in EURUSD for the third straight week. Can the rally continue heading into today's crucial June inflation data? What...

USDJPY is down sharply over the past two weeks in a major bearish reversal which Elliott Wave analysis helped us predict. Is the downtrend...

Their two-week break is over and the bears are back in USDCAD. In today's Elliott Wave update we examine their chances and identify a...

Despite the strong US labor market and the increasing odds of more rate hikes ahead, EURUSD added nearly 60 pips in the first week...

USDCAD is up two weeks in a row, but if we look more closely at the Elliott Wave structure, the bulls may have less...

Despite data showing that the labor market remains stubbornly strong, raising the odds of more rate hikes, USDJPY lost over 200 pips last week....

USDJPY is on the verge of a fourth consecutive week in the green as the discrepancy between the policies of the Fed and BOJ...

EURUSD is down by about 30 pips since the beginning of this week after eurozone inflation fell more than expected in June. Can the...

USDCAD bears took a rest last week and are back in action in the first days of this one. Is the downtrend about to...

EURUSD bulls returned to their winning ways as the pair finished the month of June above 1.0900 helped by lower-than-expected US inflation. Can the...

USDJPY climbed a few pips above the 145.00 mark last week before closing back below it on Friday. Can the 2023 uptrend continue? Or...