Forex News and Market Analysis
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
Gold Prices Succumb to Pressure Amid Positive US & China Economic Indicators
Gold has declined since September 25, currently priced around $1,840 per ounce in today's Asian trading session. Full Article
EUR/USD Commences Week Cautiously; Quick Outlook
The EUR/USD pair begins the week with reserved momentum, hovering just slightly above the 1.0500s during the early Asian trading hours. Full Article
USD/CAD Uncertain Between MAs As USD and CAD Remain the Strongest Currencies
USD/CAD is bouncing between the 20 and 50 SMAs on the daily chart as the USD and the CAD both show resilience Full Article
Not Fighting the Downtrend in EUR/USD After the Eurozone CPI Report
EUR/USD retraced almost one cent higher yesterday as risk sentiment improved, the overall trend remains bearish Full Article
Jobs Market Keeping US Economy Afloat
The unemployment claims beat expectations again yesterday as they came at 204K showing that the labour market remains in decent shape Full Article
Forex Signals Brief September 29: US and Eurozone Inflation Coming Up
Today we have consumer inflation figures from Japan, the Eurozone and the core PCE price index from the US, closing the week Full Article
EUR/USD Dynamics: Uncertainty Ahead of Key Inflation Metrics
During Friday's Asian trading session, the EUR/USD pair displayed hesitation in building on its recent rebound from just beneath Full Article
Gold’s Decline Paused by US Dollar Retreat: A Comprehensive Overview
Over the course of this week, the price of Gold (XAU/USD) has witnessed a consistent dip, reaching a nadir not seen since March 10th, Full Article
USD Wobbles After Softer GDP Report Details
The US Q2 GDP remained unchanged at 2.1% but the GDP deflator and consumer spending were revised considerably lower Full Article
Solana To Reignite Its DeFi Sector To Attract Users
Solana - a highly functional open source that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) Full Article
Crude Oil Revitalized to New Highs for the Year
US WTI crude Oil jumped above $94 per barrel after bouncing off the 20 daily SMA on Wednesday Full Article