Forex News and Market Analysis
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
Forex Signals Brief September 26: Consumer Confidence, Home Sales on the Agenda
The FED is looking at the US Conference Board consumer confidence and new home sales to see where the economy stands Full Article
EUR/USD Stabilizes Amidst ECB’s Policy Dilemma and Rising US Treasury Yields
During Tuesday's Asian trading window, the EUR/USD exhibited resilience, hovering around the 1.0590 mark, despite facing headwinds. Full Article
Gold Prices Slip Further Amid a Resilient USD and Hawkish Federal Reserve Outlook
Gold prices extend their downward trajectory observed over recent days, slipping further beneath the $1,915 benchmark and marking a new low for the week. Full Article
Signs of Exhaustion After Strong Rally in Crude Oil
Crude Oil has been retreating since last Tuesday and it giving some bearish signals after moving above $90/barrel Full Article
UK Politicians Adopts Metaverse Avatars For Web3 Roadmap
During a landmark virtual gathering on September 20th, a group of British government officials and Lords took the metaverse to share their v Full Article
EUR/GBP Retreats on Dovish ECB Comments About Eurozone Economy
EUR/GBP has reversed from above 0.87 as the Euro resumes decline on softer economic indicators and dovish ECB comments Full Article
EUR/USD Maintaining Downtrend As Ifo Business Climate Remains Weak
EUR/USD should break below 1.06 this week with the business climate and inflation softening further in September Full Article
Long on USD/CAD As Daily Chart Points to a Bullish Reversal
USD/CAD has retreated 3 cents lower but it seems like the pullback might have come to an end and a bullish reversal is underway Full Article
Forex Signals Brief September 25: Attention Shifts to Inflation This Week
Last week the attention was on the economic data, while this week traders will be focused on CPI consumer inflation data Full Article
USD/JPY Analysis: Monetary Divergence and Currency Interventions Drive Volatility
During Monday's Asian session, the USD/JPY pair achieved its loftiest levels since November 2022, though it remains hesitant to extend gains beyond the mid-148.00s range. Full Article
GBP/USD Dynamics: The Interplay of Hawkish Stances and Yield Curves
The GBP/USD duo is currently experiencing limited fluctuations during the Asian trading session this Monday, reflecting upon its recent descent to levels last witnessed in late March. Full Article