Forex News and Market Analysis
USD Comeback in Jeopardy as ADP Employment Confirms Weakness in the Labour market
The labour market has been strong in the US, helping keep the economy from falling into a recession, but in recent months we have seen... Full Article
USD/CAD Unable to Reverse the Trend, Despite BOC Holding Rates at 5.00%
USD/CAD has been declining for more than a month, after failing to properly break the resistance zone around 1.39. Buyers were challenging.. Full Article
GBP/USD Fails at the 200 Weekly SMA, Construction PMI Improves
In November GBP/USD resumed the bullish momentum which started in Late September last year after the intervention by the Bank of England... Full Article
Will Risk Assets Turn Bullish in 2024 as Global Services Activity Makes A Turnaround?
The global economy has been softening considerably in the last two years as inflation surged and central banks raised interest rates at an u Full Article
Forex Signals Brief December 6: Will ADP Employment Confirm the Decline in JOLTS Jobs?
Yesterday JOLTS job openings fell to the lowest level in two years but the USD continued the bullish momentum, today we have the ADP numbers Full Article
EUR/USD Struggles Below 1.0800 Amid Mixed Eurozone Data
The Euro to U.S. Dollar (EUR/USD) exchange rate remains subdued below the key 1.0800 mark in early Asian trading on Wednesday. Full Article
Gold Sees Resilience Near $2,020 as Dollar Eases Ahead of US Jobs Data
The precious metal gold has established support just above the $2,020 mark early Wednesday, halting its two-day descent from the record peaks of $2,144 reached on Monday. Full Article
US Employment Weakens as JOLTS Jobs Fall, Yet the USD Continues to Pushe Higher
Employment surged in the US after coronavirus restrictions which has been helping the US stay afloat in the last two years, but now it seems Full Article
EUR/USD Testing the 200 Daily SMA as Support, Despite Improving Services
The European session was a risk-on session, with European stock markets remaining bullish and bond rates retreating, following a shaky start Full Article
AUD/USD Below MAs Again After the RBA Holds Rates at 4.35%
Early today we had the Reserve Bank of Australia policy meeting which was anticipated to hold rates unchanged, with markets pricing in a 97% Full Article
Gold Surges to New All-Time Highs and Gives It All Back, But Holds Above $2,000
Gold has experienced some extremely strong bids since early October, when Middle Eastern tensions erupted, and hasn't seen back since, with Full Article
Forex Signals Brief December 5: Powell Watching ISM Services and Jolts Jobs Closely Today
Yesterday USD buyers returned after being bearish for two months, but let's see if it will keep the momentum today after the ISM services an Full Article
EUR/USD Recovers in Asian Trade, Awaits US Data Amid Fed Signals
In the Asian trading hours on Tuesday, the EUR/USD pair halted its four-day downtrend, finding support from a revitalized US Dollar (USD). Full Article
Gold’s Subtle Retreat to $2,030 Amidst Rising Dollar and Yields
During Tuesday's early Asian session, the price of gold (XAU/USD) modestly retracted to $2,030, while the US Dollar Index (DXY) escalated to 103.60, and the yield on 10-year Treasury notes saw a modest recovery from 4.24% to 4.32%. Full Article
EUR/USD Testing 1.08 In What Seems a Trend Reversal
The economic data from the US was showing weakness early in the year, but in summer we saw some improvement, while Europe... Full Article
USD Stretches the Comeback, As Risk Aversion Kicks In
Risk sentiment improved in recent weeks as the FED and other central banks continued to give dovish signals, while the tensions in the Middl Full Article
USD/CHF Remains Soft Below 0.87 After the CPI Inflation Report
USD/CHF was making some decent gains from July until the end of September, but sellers have taken control since the beginning of October, as Full Article
USD/JPY Set for Further Declines After the Break of the 100 Dily SMA
USD/JPY was quite bullish for many months as the JPY plunged lower after the Bank of Japan kept interest rates unchanged while other major.. Full Article
Forex Signals Brief December 4: FED Blackout Period Before the FOMC Meeting
This week we have several employment reports from the US, but won't get any remarks by the FED, with the FOMC meeting next week Full Article
EUR/USD Technical Analysis: A Rebound Amid Speculation of Fed’s Policy Shift
In the early hours of Monday's Asian trading session, the EUR/USD pair halted its three-day downward trend. Full Article