Forex News and Market Analysis
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
Where Is USD/CHF Headed After Inflation Picks Up Again?
Consumer inflation CPI started increasing again last month, while USD/CHF is facing the 100 daily SMA as resistance above Full Article
Gold XAU Looking to Break the 100 Daily SMA As Sellers Return
Gold tried to turn bullish this week, but the bounce failed and XAU closed the week near the lows, which points further down Full Article
Forex Signals Brief June 5: Will the BOC or the RBA Hike Rates This Week?
Bank of Canada and the Reserve Bank of Australia are expected to keep rates on hold this week, but we might get a surprise hike Full Article
EUR/USD Retraces to 1.0695, Extending Losses on Hawkish Fed Sentiment
EUR/USD faces downward pressure for the second consecutive day as it heads into Monday's European session, maintaining minor losses. Full Article
Gold Price (XAU/USD) Remains Bearish on Firm US Dollar and Rising Bond Yields
Gold]] prices (XAU/USD) continue to be under pressure for the second consecutive day as the precious metal extends its decline to an intraday low near $1,945. Full Article
USD Resumes Uptrend on Friday After Strong NFP Jobs Report
The NFP report improved the sentiment for the USD again on Friday after softer inflation indicator numbers during the week Full Article
Strong Bullish Reversal in Crude Oil, on Improving Risk Sentiment
Crude Oil has been bearish for more than a year, but this week we saw a decent reversal higher on higher Caixin manufacturing Full Article
USD/JPY Heading for the 200 SMA at 137, on Softer US Inflation
USD/JPY has turned bearish this week as the USD retreats on a rate hike pause by the FED, while inflation indicators show a slowdown Full Article
EUR/USD Challenging the Downtrend and Testing the 50 SMA
EUR/USD is pushing above the 50 SMA after breaking the 20 SMA which had been acting as resistance for almost a month Full Article
Forex Signals Brief June 2: Will the NFP Send USD Back Up Today?
Yesterday the USD retreated on lower inflation indicators, while today we have the NFP report which might reverse the situation again Full Article
GBP/USD Reflects Pre-NFP Anxiety as it Hovers Near 1.2530 Level
The GBP/USD pair exhibits a cautious tone on early Friday, oscillating around the 1.2530 level. Full Article
Gold Price Shows Weekly Gain Amid Optimism Ahead of US Employment Report
The price of gold (XAU/USD) is set to record its first weekly gain in four weeks, as market sentiment remains cautiously optimistic heading into the key US employment report for May. Full Article