Forex News and Market Analysis
USD Rallies Ahead Of The Fed Announcements
If we see the USD rally following today’s Fed announcements, a buying opportunity in the GBP/USD may come into play. Full Article
The 100 SMA Holds As Support for Ethereum at First Attempt
Ethereum is finding support at the 100 SMA on the H4 chart Full Article
Moving Averages Continue to Keep Crude Oil Bullish
Crude Oil has retraced lower this week, but the 20 SMA is still acting as support Full Article
US Core Durable Goods Orders Jump Higher, Indicating Expansion in Manufacturing
US core durable goods orders increased in December and were revised higher for November Full Article
Consumer Confidence Deteriorates Further in Germany, Sending the EUR/USD Lower
German GfK consumer confidence indicator for January declined to -15 points Full Article
Pressure is Turning to the Downside in Bitcoin, as MAs Turn From Support to Resistance
Bitcoin has been slipping lower and moving averages are providing resistance now Full Article
IMF Downgrades UK’s Economic Forecast for 2021
The International Monetary Fund (IMF) has cut its growth forecasts for the UK severely for the current year, in the wake of the latest wave Full Article
Crude Oil Extends its Overnight Winning Streak – All Eyes on EIA Data!
During Wednesday's Asian trading hours, the WTI crude oil extended its gaining streak and edged higher towards above mid-$52. However, the b Full Article
Daily Brief, January 27 – Everything You Need to Know About Gold Today!
The precious metal gold prices were closed at 1850.57 after placing a high of 1861.64 and a low of 1848.29. On Tuesday, gold prices edged lo Full Article
US Dollar Weakens in Anticipation of Fed Chair Powell’s Comments
he US dollar is trading somewhat bearish as markets cautiously wait to hear from Fed chairman Jerome Powell later today at the end of the Full Article
List of US Companies Releasing Earnings (EPS) Today
US stocks were set to open lower on Tuesday before some major Q4 earnings reports. Full Article
Gold Trades Steady as Markets Wait For FOMC Decision
Gold is holding somewhat steady as traders cautiously await the Fed's monetary policy decision that will be announced later in the day to Full Article
WTI Crude Oil Trades Bullish on Optimistic Data From US, China
WTI crude oil is trading bullish early on Wednesday, with markets turning optimistic over the API report which revealed a surprising decline Full Article
Forex Signals Brief for Jan 27: FOMC Ahead
Today’s focus is clearly on the FOMC and what they have in store for the first meeting of 2021. Full Article
Aussie CPI Ticks Higher
The latest CPI data is out in Australia and we saw a slightly higher than expected number. Full Article
Daily 62% Fibonacci Support In View For USD/JPY
If we see a bearish move on Wednesday’s Fed Announcements, a key 62% Fibonacci retracement may come into play for the USD/JPY. Full Article
Bitcoin (BTC) Off 5%, Cryptocurrencies In The Red
Right now, the most important underpinning facing cryptocurrencies is the outcome of the SEC vs Ripple court case. Full Article
Consumer Confidence Improves in US, But Remains Near All Time Lows
The consumer confidence improved today after falling to all time lows at the end of 2020 Full Article
IMF Revises Global GDP Forecast Higher for 2021
IMF GDP forecasts for 2021 look brighter than in October Full Article
The 100 SMA Continues to Keep Crude Oil Bullish
Crude Oil continues go find solid support at moving averages, which are pushing it up Full Article