Forex News and Market Analysis
EUR/USD to Fall to Parity After Reversal, Despite Hawkish ECB
EUR/USD is making a bearish reversal on the monthly chart, after failing to push above the 50 SMA, which might sent the price to parity agai Full Article
Forex Signals Brief June 8: BOC Surprise 25 bps Hike Sends CAD Higher
Yesterday we saw another rate hike surprise by the Bank of Canada which raise dates by 25 bps which kept the CAD bullish Full Article
GBP/USD Holds Ground Around 1.2450 Despite Mixed Signals and Risk Factors
Buyers of the GBP/USD pair remain in control near the 1.2450 level, although the upward momentum has slowed as Thursday's London session begins. Full Article
Gold Price (XAU/USD) Swings Amid Mixed Market Sentiment and Global Growth Concerns
The price of gold, denoted as XAU/USD, is experiencing fluctuations around its intraday high after a slight recovery following a significant decline the previous day. Full Article
Crude Oil Facing the 200 SMA After Climbing $3 Off the Lows
Crude Oil is testing the 200 SMA again this week, but buyers seems unable to push the price above it today Full Article
USD/CAD Down to the Bottom, After Surprise BOC Hike
USD/CAD continues to slide lower, although it stalled to the bottom of the range earlier, after the dive on the 25 bps hike by the BOC Full Article
Bullish Reversal in Ethereum (ETH) Despite SEC War on Cryptos
Cryptocurrencies took a dive on Monday as SEC filed charges against Binance, while yesterday they went after Coinbase, but ETH rebounded Full Article
USD/CAD Testing the 200 Daily SMA Again After Hawkish RBA
AUD/USD has been making strong gains this week, with the RBA helping the bullish case, but buyers are facing the 200 daily SMA now Full Article
Forex Signals Brief June 7: Will the BOC Surprise With a Hike Too Today?
Yesterday the Reserve Bank of Australia surprised with a 25 bps hike, while today the Bank of Canada might do the same Full Article
EUR/USD Faces Selling Pressure as Eurozone Economic Concerns Mount
The EUR/USD pair encountered strong resistance around 1.0700 during the early European session, leading to selling interest. Full Article
Gold Price Shows Indecision as Bullish Sentiment Persists
The [[Gold]] Price (XAU/USD) continues to lack clear direction despite sustained bullish momentum for the second consecutive week. Full Article
USD/CAD Heading for the Bottom of the Range, After Soft Ivey PMI
USD/CAD has been declining since it failed at the bottom of the range last week, and today's softer Ivey PMI is not helping Full Article
Crude Oil Can’t Hold Gains After Saudi Cuts and Price Hikes
Crude Oil reversed back down after opening with a bullish gap over the weekend, closing it, but the 200 SMA is holding s support Full Article
Bitcoin Breaks the 100 Daily SMA After SEC Sues Binance Exchange
Cryptocurrencies have taken a dive as the war on cryptos continues with SEC filing charges against the Binance exchange Full Article
Forex Signals Brief June 6: Where Is the AUD After the RBA Meeting?
Yesterday we saw a bearish reversal in the USD as the sentiment improved on softer ISM services, while today the RBA meeting is the highligh Full Article
EUR/USD Breaks Consolidation Range as US Dollar Weakens
The EUR/USD pair has successfully broken out of the narrow consolidation range below 1.0730 during the Asian session. Full Article
Gold Price (XAU/USD) Reflects Market Indecision Amidst Global Factors
Gold price remains uncertain heading into Tuesday's European session, as economic calendar lacks major data/events and mixed concerns surround the Federal Reserve's moves and US-China relations. Full Article
USD Dips As ISM Services Head Into Contraction
USD/CHF has reversed down and lows 70 pips after soft ISM services numbers, showing that this sector is heading toward stagnation Full Article
Selling EUR/USD at MAs After the Retrace Higher
EUR/USD has retraced higher on hawkish ECB comments today and USD weakness but MAs are still acting as resistance Full Article