Forex News and Market Analysis
US Consumer Continues to Show Resilience Helping the US Economy and the USD Along
On Friday we had some positive reports from the US, with the NFP figures showing that the employment sector remains in decent shape. Full Article
NFP Ends the US Employment Week on the Positive Side
This was a big week for American jobs, with several employment reports on the schedule. Initially, the jobs reports started coming up on the Full Article
The USD/JPY Crash Stops at the 200 SMA
The bullish trend in USD/JPY has been very strong since early this year, sending this pair close to all-time highs at 152. Full Article
Will Today’s Non-Farm Payrolls Boost or Sink the USD?
The US labour market has been increasingly showing signs of weakness in recent months, after being quite strong throughout the last two year Full Article
EUR/GBP Stabilizing Before the Next Bearish Assault?
EUR/GBP was on a bullish trend from August until the middle of last month, gaining around 250 pips, with moving averages acting as support, Full Article
Forex Signals Brief December 8: NFP to Close the US Employment Week
This week we have had several employment reports form the US, most of which pointed to a slowdown, so everyone is watching the NFP today Full Article
GBP/USD Technical Analysis: Awaiting Key Employment Data
In the early hours of the Asian trading session, the GBP/USD pair exhibited minimal fluctuations, largely hovering within a tight range of 1.2583 to 1.2600. Full Article
Gold Price Awaits NFP Signals, Navigates Rate Cut Expectations
Gold prices remain confined within a narrow range during Friday's Asian session, extending a multi-day consolidation despite edging into positive territory for the third consecutive day. Full Article
Remaining Short on USD/JPY After the 350 Pip Dive on Hawkish BOJ
Today the economic calendar has been light, with the US unemployment claims for last week, although, comments from the BOJ governor Ueda who Full Article
Gold Dips After the Spike Failed at the 100 SMA
Gold surged higher at the start of this week after tensions in the Middle East escalated once again, breaking the previous record high. Full Article
EUR/USD Testing the Last Support After the Soft Q3 GDP, China Tariffs
EUR/USD failed to hold gains above 1.10 once again, after a strong bullish run in November and reversed lower, continuing to slip lower... Full Article
Double Top Pattern in Oil Points to $65 As Economic Weakness Outweighs OPEC+ Voluntary Cuts
Crude Oil had a second bullish attempt during summer this year as the US economy was giving some strong signals, but buyers failed ... Full Article
Forex Signals Brief December 7: Unemployment Claims After 2 Soft Employment Reports
Yesterday the US ADP employment change missed expectations after Tuesday's miss in JOLTS jobs, while today we have the unemployment claims Full Article
GBP/USD Falters Amid USD Strength and Mixed Economic Signals
In early Asian trading on Thursday, the GBP/USD pair experienced a downward adjustment, remaining above the mid-1.2500s, primarily influenced by a strengthening US Dollar (USD). Full Article
USD/JPY Technical Analysis: Yen Gains on US Economic Data, BoJ Policy Outlook
During Thursday's Asian trading session, the Japanese Yen (JPY) saw increased safe-haven demand, effectively reversing a significant portion of its weekly losses against the US Dollar (USD). Full Article
USD Comeback in Jeopardy as ADP Employment Confirms Weakness in the Labour market
The labour market has been strong in the US, helping keep the economy from falling into a recession, but in recent months we have seen... Full Article
USD/CAD Unable to Reverse the Trend, Despite BOC Holding Rates at 5.00%
USD/CAD has been declining for more than a month, after failing to properly break the resistance zone around 1.39. Buyers were challenging.. Full Article
GBP/USD Fails at the 200 Weekly SMA, Construction PMI Improves
In November GBP/USD resumed the bullish momentum which started in Late September last year after the intervention by the Bank of England... Full Article
Will Risk Assets Turn Bullish in 2024 as Global Services Activity Makes A Turnaround?
The global economy has been softening considerably in the last two years as inflation surged and central banks raised interest rates at an u Full Article
Forex Signals Brief December 6: Will ADP Employment Confirm the Decline in JOLTS Jobs?
Yesterday JOLTS job openings fell to the lowest level in two years but the USD continued the bullish momentum, today we have the ADP numbers Full Article