Forex News and Market Analysis
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
Buying the Retreat in EUR/GBP at MAs
EUR/GBP retreated from above 0.87 yesterday again and we decided to buy this pullback for the second time Full Article
Forex Signals Brief September 28: Mind the European CPI ahead of US Data
Yesterday's retail sales balanced the situation after Tuesday's soft data from the US and today we have plenty to come, but after the EU CPI Full Article
EUR/USD Faces Downward Pressure Amid Strengthening USD and Economic Indicators
In the early Asian trading hours on Thursday, the EUR/USD pair's momentum dwindles around the 1.0500 mark. Full Article
Gold’s Price Decline: Analyzing Key Drivers and Future Projections
Gold's value (XAU/USD) experienced a significant dip, reaching a six-and-a-half-month nadir in the vicinity of $1,873-1,872 on Wednesday, marking its sharpest one-day drop in two months. Full Article
FED’s Kashkari Keeping Rate Hike Hopes and the USD Up
Minneapolis FED President, Neel Kashkari has been quite vocal about further rate hikes in the last two days, helping keep the USD bullish Full Article
Durable Goods Orders Turn Positive in August
Durable goods orders showed a 0.2% increase in August, against -0.5% expected and July's -5.2% decline, which was revised to -5.6% Full Article
Will AUD/USD Break the Range After the Inflation Figures?
AUD/USD is not recovering despite the 3 point jump in Australian inflation to 5.2% in August Full Article
USD Doesn’t Blink As New Home Sales Dive Below 700K Again on Surging Rates
The housing sector is showing signs of weakness as interest rates remain at record levels, with odds pointing to one more hike Full Article
Forex Signals Brief September 27: First Round of US Data Misses
Yesterday the New Home Sales and the CB Consumer Confidence missed expectations, coming weaker, today we have the retail sales from the US Full Article
GBP/USD Faces Decline Amidst Strong US Economic Data and Hawkish Fed Stance
The GBP/USD pair persists in its downturn that initiated on September 20, registering figures beneath the 1.2150 mark during Wednesday's Asian trading window. Full Article
Gold’s Valuation Faces Downward Pressure Amid Strengthening US Dollar
During Wednesday's early European trading session, Gold (XAU/USD) observed some selling momentum, with prices hovering around the $1,902 mark. Full Article
Best Crypto for DeFi Yield Farming This 2023
The decentralized finance (DeFi) industry has a broad number of innovative ways to generate an attractive yield on cryptocurrency investment Full Article
DXY Index Keeps Climbing As Long As US Consumer Keeps Spending
The USD index DXY continues to make gains as the US consumer continues to keep the economy afloat, but we'll see this week as the data is co Full Article
USD/JPY at 149 after No FX Intervention Comments by Japanese Officials
USD/JPY is looking at 150 after making massive gains in the last two months and the Bank of Japan is not intervening Full Article
Gold Set for A Breakout As the Range Between MAs Gets Narrower
Gold has been bouncing off the 200 SMA but has found resistance at the 100 SMA on the daily chart, which are closing in Full Article