Forex News and Market Analysis
USD Resumes Uptrend on Friday After Strong NFP Jobs Report
The NFP report improved the sentiment for the USD again on Friday after softer inflation indicator numbers during the week Full Article
Strong Bullish Reversal in Crude Oil, on Improving Risk Sentiment
Crude Oil has been bearish for more than a year, but this week we saw a decent reversal higher on higher Caixin manufacturing Full Article
USD/JPY Heading for the 200 SMA at 137, on Softer US Inflation
USD/JPY has turned bearish this week as the USD retreats on a rate hike pause by the FED, while inflation indicators show a slowdown Full Article
EUR/USD Challenging the Downtrend and Testing the 50 SMA
EUR/USD is pushing above the 50 SMA after breaking the 20 SMA which had been acting as resistance for almost a month Full Article
Forex Signals Brief June 2: Will the NFP Send USD Back Up Today?
Yesterday the USD retreated on lower inflation indicators, while today we have the NFP report which might reverse the situation again Full Article
GBP/USD Reflects Pre-NFP Anxiety as it Hovers Near 1.2530 Level
The GBP/USD pair exhibits a cautious tone on early Friday, oscillating around the 1.2530 level. Full Article
Gold Price Shows Weekly Gain Amid Optimism Ahead of US Employment Report
The price of gold (XAU/USD) is set to record its first weekly gain in four weeks, as market sentiment remains cautiously optimistic heading into the key US employment report for May. Full Article
Risk Sentiment Improves As ISM Manufacturing Prices Take A Dive
The USD is retreating lower today after two inflation reports showed considerably lower numbers for May in the US Full Article
USD/CAD in A Range, on Stronger Canada GDP, Weaker China Rebound
The resistance zone at 1.3660s rejected USD/CAD again yesterday after stronger Canada GDP numbers and slower China rebound Full Article
Crude Oil Resumes Decline As China Manufacturing Contracts Further
Crude Oil is looking increasingly bearish again as MAs are keeping it down, while the slowdown in China is weakening the demand Full Article
Forex Signals Brief June 1: Eurozone Inflation Likely Weaker in May
Yesterday the CPI numbers from European countries showed a slowdown, so today's headline Eurozone inflation numbers should be soft as well Full Article
Gold Price (XAU/USD) Exhibits Volatile Moves as Investors Await US Employment Data
Gold price (XAU/USD) is showing fluctuating movements within the range of $1,962 to $1,967 during the Asian session. Full Article
EUR/USD Consolidates as Pre-Data Anxiety Prevails – Technical Outlook Indicates Bearish Trend
The EUR/USD pair exhibits a sense of pre-data anxiety, hovering around 1.0690 in the early morning hours in Europe. Full Article
USD Resumes Buying Momentum on Strong JOLTS Job Openings
Fundamentals are painting a brighter picture for the US economy with JOLTS job openings moving above 10 million again ibn April Full Article
Where Is AUD/USD Headed After RBA’s Lowe and May Inflation?
AUD/USD has broken below the 3-month range and now the bottom of it has turned into resistance, rejecting the price Full Article
GBP/USD Trying to Decide Between MAs
GBP/USD has been retreating lower for two weeks, but yesterday we saw a strong bounce off the 100 daily SMA, although the to SMA stopped it Full Article
Forex Signals Brief May 31: A Sneak Peek Ahead of Tomorrow’s Eurozone Inflation
Yesterday the USD retreated after being bullish for most of this month, but let's see today after the European inflation and JOLTS jobs repo Full Article
USD/JPY Struggles Amid Cautious Market Sentiment and Mixed Data
The USD/JPY pair is facing difficulties reflecting the slightly downbeat sentiment in the market and is hesitant to validate the comments made by Bank of Japan (BoJ) Governor Kazuo Ueda, creating a relatively uneventful Wednesday morning in Europe. Full Article
EUR/USD Pair Falls Below Key Support Level Amidst Stronger US Dollar and Investor Risk-Aversion
In the Asian session, the EUR/USD pair experienced a significant drop, breaking below the important support level of 1.0700. Full Article