Forex News and Market Analysis
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
Bitcoin Price Correction: BTC Looks for Support at $27,500 to Resume Uptrend
Bitcoin price is currently undergoing a correction after facing resistance near the $28,400 and $28,500 levels. Full Article
The 100 SMA Holds As Support for USD/CAD, But Price Remains Stuck
USD/CAD made an attempt to bounce off the 100 SMA earlier today but failed and keeps trading in a tight range between 2 MAs Full Article
Major Test Above 0.91 for USD/CHF – Can the Trend Change?
USD/CHF has been climbing higher for three weeks but now the price is approaching the 100 daily SMA above 0.91 where the real test will be Full Article
EUR/USD on A Steady Decline Despite Hawkish ECB
EUR/USD has been on a bearish trend since early this month and the 20 SMA is pushing it down which indicates strong selling pressure Full Article
Forex Signals Brief May 29: Quiet Markets for Whit Monday Bank Holiday
This is a bank holiday weekend and today most markets are closed, so the price action is expected to be pretty slow Full Article
Uncertainty Lingers for USD/JPY as It Grapples with 140.60 Level; Bullish Indicators Offer Hope 4m
The USD/JPY pair continues to tread on unstable ground at 140.60, with buyers grappling to maintain the previous upswing as we move into Monday's European session. Full Article
GBP/USD Pair Recovers as US Debt Ceiling Approval Eases Dollar Index Pressure
The GBP/USD pair has made a recovery attempt after trading sideways below 1.2350 during the Asian session. Full Article
Central Banks to Extend Rate Hikes With BOE Next
GBP/USD Stalling at the 100 SMA as markets expect further hikes from the Bank of England and a higher terminal rate Full Article
The USD Ends the Week on A Firm Bullish Foot After Higher PCE Inflation
Core PCE inflation ticked higher to 4.7% this month, which should keep the FED hawkish and the USD bullish Full Article
Shaquille O’Neal Faces Another Lawsuit Relating To FTX And Astral NFT
It is known that Shaquille O’Neal was one of the many celebrities who were alleged to have endorsed FTX, an exchange that has recently filed Full Article
USD/CAD Facing the Resistance As Oil Reverses Lower
USD/CAD has been gaining for two weeks, moving 350 pips higher and now buyers are facing the resistance zone Full Article
Gold Heading for the 100 SMA After Breaking the $1,950 Support
Gold broke below the support zone of $1.950 yesterday and now it is headed for the 100 SMA on the daily chart Full Article
Forex Signals Brief May 26: All Eyes on the Core PCE Price Index
Yesterday the positive Q1 GDP revisions and unemployment claims numbers kept USD bullish while today everyone is looking at PCE Price Index Full Article
EUR/USD Bears Persist Amid Eurozone Economic Concerns and US Dollar Strength Now
The EUR/USD pair remains under bearish control near a two-month low of 1.0720 during Friday's Asian session. Full Article
AUD/USD Bears Strengthen as Australian Retail Sales Stall and US Debt Ceiling Negotiations Linger
The [[AUD/USD]] currency pair is showing increased bearish bias following the recent announcement of stagnant Retail Sales data for April by the Australian Bureau of Statistics. Full Article
USD Continues to Progress After Higher US Q1 GDP Revisions
Fundamentals are turning in favour of the USD as Q1 GDP gets revised higher while the debt ceiling issue is finding a solution Full Article