Forex News and Market Analysis
Risk Sentiment Improves As ISM Manufacturing Prices Take A Dive
The USD is retreating lower today after two inflation reports showed considerably lower numbers for May in the US Full Article
USD/CAD in A Range, on Stronger Canada GDP, Weaker China Rebound
The resistance zone at 1.3660s rejected USD/CAD again yesterday after stronger Canada GDP numbers and slower China rebound Full Article
Crude Oil Resumes Decline As China Manufacturing Contracts Further
Crude Oil is looking increasingly bearish again as MAs are keeping it down, while the slowdown in China is weakening the demand Full Article
Forex Signals Brief June 1: Eurozone Inflation Likely Weaker in May
Yesterday the CPI numbers from European countries showed a slowdown, so today's headline Eurozone inflation numbers should be soft as well Full Article
Gold Price (XAU/USD) Exhibits Volatile Moves as Investors Await US Employment Data
Gold price (XAU/USD) is showing fluctuating movements within the range of $1,962 to $1,967 during the Asian session. Full Article
EUR/USD Consolidates as Pre-Data Anxiety Prevails – Technical Outlook Indicates Bearish Trend
The EUR/USD pair exhibits a sense of pre-data anxiety, hovering around 1.0690 in the early morning hours in Europe. Full Article
USD Resumes Buying Momentum on Strong JOLTS Job Openings
Fundamentals are painting a brighter picture for the US economy with JOLTS job openings moving above 10 million again ibn April Full Article
Where Is AUD/USD Headed After RBA’s Lowe and May Inflation?
AUD/USD has broken below the 3-month range and now the bottom of it has turned into resistance, rejecting the price Full Article
GBP/USD Trying to Decide Between MAs
GBP/USD has been retreating lower for two weeks, but yesterday we saw a strong bounce off the 100 daily SMA, although the to SMA stopped it Full Article
Forex Signals Brief May 31: A Sneak Peek Ahead of Tomorrow’s Eurozone Inflation
Yesterday the USD retreated after being bullish for most of this month, but let's see today after the European inflation and JOLTS jobs repo Full Article
USD/JPY Struggles Amid Cautious Market Sentiment and Mixed Data
The USD/JPY pair is facing difficulties reflecting the slightly downbeat sentiment in the market and is hesitant to validate the comments made by Bank of Japan (BoJ) Governor Kazuo Ueda, creating a relatively uneventful Wednesday morning in Europe. Full Article
EUR/USD Pair Falls Below Key Support Level Amidst Stronger US Dollar and Investor Risk-Aversion
In the Asian session, the EUR/USD pair experienced a significant drop, breaking below the important support level of 1.0700. Full Article
Buying the Dip in the USD As the Selling Stops
The USD was retreating lower today during the European session, but it seems to have stalled so we opened buy USD/JPY and a sell NZD/USD sig Full Article
Swiss Economy Returns to Growth After Stagnating in Q4, USD Retreats
USD/CHF is testing the previous support above 0.91 after the GDP report released earlier this morning from Switzerland Full Article
Discover Trading MetaTrader Indicators & Technical Analysis
Find out why technical analysis is so vital for predicting financial trends in Forex trading and how MetaTrader indicators can optimize your Full Article
Gold Opens the Door for Further Declines If the 100 SMA Breaks
Gold is sticking to the 100 daily SMA as sellers remain in control and might break below it if fundamentals remain unchanged Full Article
Forex Signals Brief May 30: GDP, Inflation and Consumer Data Today
Yesterday the price action was minimal so we ended with just one winning forex signal, while today the economic data and markets are beck on Full Article
Gold Price Under Selling Pressure as Market Turns Cautious on Fed Rate Hike Speculation
The price of gold (XAU/USD) experienced significant selling pressure after a brief rebound to around $1,946.70 during the Asian session. Full Article