Forex News and Market Analysis
Turning Bearish on the GBP, As UK GDP Shrinks in Q2
UK June, as well as the Q2 GDP showed a contraction, showing that the UK economy is heading into a recession as well Full Article
USD Gets Another Hit As Producer Inflation PPI Retreats in July
Risk assets have jumped higher again after the US producer inflation (PPI) showed a cool-off in July Full Article
Forex Signals Brief for August 11: Is US Consumer Sentiment Improving as Inflation Cools?
The US PPI inflation report showed a decline yesterday, after the slowdown in the CPI report on Wednesday, but let's see if the consumer is Full Article
Gold Steady Under $1,800 – US GDP Under the Spotlight
The gold price is swinging back and forth in a typical range while trading at $1,800 as the US dollar and Treasury yields recover, keeping Full Article
Bitcoin on the Verge of Breaking Above $25K – Brace for a Buy Trade
Bitcoin was trading near $25,000 before falling against the US dollar. BTC must remain above the $23,500 support level to begin another Full Article
US CPI Inflation Slows, 75 bps FED Hike Less Likely, Risk Assets Jump
US CPI inflation fell flat at 0% in July on a monthly basis, while coming at 8.5% against 8.7% expected YoY, improving risk sentiment Full Article
Buying Ethereum After the Retrace in the Crypto Market
Cryptocurrencies have retreated lower today, but we are taking this opportunity to go long on Ethereum (ETH) Full Article
Forex Signals Brief for August 10: Will US PPI Follow Yesterday’s CPI?
Yesterday we saw a jump in risk assets after slower US CPI inflation figures, while today the PPI report will take all the attention Full Article
Gold Breaking Below Upward Channel – Why $1,770 Could be Support
The gold price has fallen to roughly $1,785.00 after losing the critical support level of $1,788.00 in the Asian session. After setting a Full Article
Bitcoin Breaking Above $24,000 – Buyers Brace for $25,500
Bitcoin established stability at over $22,500 and increased by more than 6% versus the US dollar. BTC has overcome several obstacles and may Full Article
Crude Oil to Take Another Hit on US Inventories and CPI Inflation Today?
Crude Oil made a $3 bearish reversal yesterday as US inflation and Oil inventories report approach Full Article
Forex Signals Brief for August 10: Will We See A Slowdown in US Inflation?
Market participants are making the last adjustments to their positions ahead of the US CPI inflation, which will have an impact on FED rates Full Article
GBP/USD Under Pressure Amid BOE’s Recession Warning
During Wednesday's Asian session, GBP/USD remained under pressure at the intraday low of 1.2070. The Bank of England's latest recession Full Article
Bitcoin Slips Under $23,000 – Why Could BTC Exhibit More Losses?
Bitcoin's price began a new slide against the US dollar after breaking through the $24,250 barrier zone. BTC has fallen below $23,000 and Full Article