Forex News and Market Analysis
EUR/USD Looking Tempting to Sell As It Retraces to 1.05
The Eurozone economy is getting worse as retail sales plunge, so the retrace higher in EUR/USD is looking good for sellers Full Article
USD to Remain in Demand on Increasing Signs US Employment Is Good
US JOLTS job openings jumped higher yesterday, indicating that employment remains strong, keeping the economy in expansion Full Article
NZD/USD Dives Back Down After False Bullish Breakout, RBNZ on Sidelines
NZD/USD slipped back below 0.60 yesterday after failing to break above the 50 daily SMA and the RBNZ is helping as they has stopped hikes Full Article
USD/CHF Above Last Week’s High After Softer Swiss Inflation Numbers
USD/CHF has been bullish for more than two months and today's softer CPI report for September is one more reason to push higher Full Article
Forex Signals Brief October 4: Can ADP Impress After Higher JOLTS Jobs?
Yesterday JOLTS job openings jumped followed by BOJ intervention as USD/JPY reached 150, while today we have the ADP employment Full Article
GBP/USD Lingers Near Recent Lows: Hawkish Fed Tone and Strong USD Weigh Heavily
The GBP/USD currency pair lingers in a neutral zone for the second consecutive day this Wednesday, hovering perilously close to its lowest point since March 16, reached a day prior. Full Article
Gold’s Downward Spiral Persists Amid Strengthened USD and Elevated US Treasury Yields
As Gold inches its way into another declining session since September 25, its trading value hovers close to $1,820 per troy ounce during Wednesday's initial Asian market hours. Full Article
AUD/USD Back at Support As Commodity Dollars Plunge, RBA Holds Steady
AUD/USD is testing the support once again after the short lived jump and the fail at the 50 daily SMA Full Article
Gold Heading Toward $1,800 After Plunging More Than $120
Gold has lost more than $120 in the last two weeks as the USD buyers return and XAU is now heading for $1,800 Full Article
USD/CAD Bounces to the Top of the Wedge As Oil Retreats Below $90
USD/CAD is back at 1.37 in no time after surging nearly 200 pips in two days, with crude Oil losing more than $6 Full Article
Forex Signals Brief October 3: RBA Policy Meeting and JOLTS Jobs Highlight the Day
Yesterday the USD continued to advance but today we have the JOLTS jobs openings which might end the bullish momentum Full Article
Gold’s Dwindling Momentum: A Dive into XAU/USD’s Protracted Decline
Gold's value (XAU/USD) consistently extends its prevailing decline for the seventh consecutive day, plummeting to the $1,820 zone Full Article
EUR/USD Dips Further Amid Strong USD and ECB’s Rate Hike Pause
The EUR/USD continues its descent, hovering around 1.0465 after slipping past the critical 1.0500 threshold during Tuesday's Asian session. Full Article
USD Resumes Uptrend as ISM Manufacturing Improves
US ISM manufacturing posted another improvement in September, which should be another factor to support the USD Full Article
The Euro Not Looking at Manufacturing for Rescue As Both Remain Soft
Today's manufacturing numbers from the Eurozone continue to show deep contraction, dragging the Euro down in fears of a recession Full Article
Curve Founder Michael Egorov Pays Off Aave Loan Reducing Debt To $42.7 Million
Michael Egorov, the founder of Curve Finance had paid off his loan on the Aave protocol cutting his total debt to $42.7 million. Full Article
Will Resistance at 0.60 Turn into Support for NZD/USD?
NZD/USD pushed above 0.60 last week but retraced lower to this zone on Friday, but let's see if this level will hold as support Full Article
MAs Keeping USD/CHF Steady Bullish Despite Softer PCE Price Index
USD/CHF retreated lower last week but rebounded off the 50 SMA despite the softer PCE price index inflation from the US Full Article
Forex Signals Brief October 29: Mixed Signs From US, But USD Keeps Rallying
Last week the US PCE price index inflation showed a slowdown but the USD ended up higher, making solid gains for the second month in a row Full Article