Forex News and Market Analysis
Commodity Currencies Feeling Good on Positive Signals from the Global Economy
The AUD, CAD and the NZD have been making gains in the last two weeks after global economic data has shown improvement Full Article
US Employment Remains Solid, Keeping the Economy Afloat and the FED Still Hawkish
This week we had another positive jobs reports from the US, which shows that this sector remains in good shape, keeping the economy afloat Full Article
Bitcoin Ordinals Proposes To Change In Inscription Numbering System
Bitcoin Ordinals’ chief coder and creator, Casey Rodarmor, had recently proposed to change the protocol’s numbering system with the goal of Full Article
USD/JPY Feeling Revived After the Bank of Japan Meeting
USD/JPY has made a U-turn today after the 100 pip decline yesterday as the Bank of Japan remain accommodative until inflation reaches 2% Full Article
GBP/USD Below 1.23 After BOE Holds Rated Steady
GBP/USD extends the decline after the BOE decided to hold interest rates at 5.25%, against expectations of a 25 bps hike Full Article
Forex Signals Brief September 22: Manufacturing and Services to Close A Volatile Week
This week's central bank meetings are over, but we have the manufacturing and services PMIs to be released still until the week closes Full Article
GBP/USD Wavers Amidst Prevailing Economic Signals
The GBP/USD duo faces challenges in maintaining the modest recovery noted the previous day from a near half-year low of 1.2230, demonstrating subdued movement during Friday's Asian session. Full Article
Gold Price Sees Mild Resurgence Amidst Prevailing Economic Indicators
Gold value exhibits a moderate uplift from its weekly low, settling around the $1,925 mark during Friday's Asian session. Full Article
Remaining Long on the USD After Hawkish Pause by the FED
The FED kept rates unchanged yesterday but is looking to keep them higher-for-longer which is bullish for the USD Full Article
Important Bullish Break in USD/CHF After SNB Holds Rates Steady
USD/CHF has pushed above 0.90 as we ass the 200 daily SMA after the SNB meeting, which opens the door for further gains Full Article
SEC Warns More Crypto Exchanges And DeFi To Face Upcoming Charges
The United States Securities and Exchange Commission intends to file additional charges against cryptocurrency exchanges and decentralized f Full Article
Where Is NZD/USD Heading After the Q2 GDP Report?
NZD/USD has made a reversal lower after failing at 0.60 despite better GDP figures, as the USD rallies on the FED hawkish hold Full Article
The Pullbacks in Oil Getting Deeper, Suggesting A Correction From $90
Yesterday we saw a deeper pullback in crude Oil but MAs held as support and Oil bounced after another drawdown in US EIA crude inventories Full Article
Forex Signals Brief September 21: More Rate Hikes from the SNB and BOE
Yesterday the FED delivered a hawkish pause with the DOT Plot pointing to more rate hikes, today the SNB and the BOE should hike by 25 bps Full Article
Gold Price Observes Modest Revival Amid Hawkish Fed Stance
In Thursday's Asian trading session, the Gold price (XAU/USD) exhibited a slight rebound, lifting from its recent slump to approximately $1,928. Full Article
USD/JPY Analysis: Maintaining Momentum after YTD High Amid Global Influences
In Thursday's Asian trading session, the USD/JPY pair experienced a minor retreat from its year-to-date zenith around 148.45, though it demonstrated resilience by remaining above its daily low. Full Article
Following Closely US Bond Yields for Direction After the FOMC
Today the FED is expected to keep rates unchanged, but traders are interested in the rhetoric for further hikes ahead with bond yields signa Full Article
GBP/USD to Move Toward 1.20 As Inflation Keeps Softening
GBP/USD sticking to last week's lows despite a small jump in consumer inflation in August, indicating that the price will head toward 1.20 Full Article
USD/CAD Tumbling Lower on Higher Oil and Inflation in Canada
USD/CAD seems to have turned bearish as Oil prices keep surging, and yesterday's jump in CPI inflation has given further support Full Article