Forex News

EUR/USD Under Pressure: Weak Eurozone PMI Sparks Speculation of ECB Rate Cut EUR/USD struggles to hold the key support of 1.1100 in Tuesday’s European session after a sharp decline move on Monday. The major currency pair remains under pressure as Monday’s flash HCOB Purchasing Managers Index (PMI) data for September

Gold Glitters Near Record High: Holding Strong Above $2,600 Mark Introduction Gold price (XAU/USD) extends its consolidative price move for the second straight day on Tuesday as bulls turn cautious after the recent rise to a fresh all-time peak touched the previous day amid slightly overbought conditions on the daily

RBA and China Regulator Announcement Sends AUD/USD and NZD/USD to 2024 Closing Highs: A Forex Market Update Introduction On Monday, both the Australian dollar (AUD) and the New Zealand dollar (NZD) closed at their highest levels in 2024 against the US dollar (USD). This surge in value was fueled by

Unlocking the Market: A Weekly Technical Outlook for AUD/USD, USD/CAD, USD/JPY, Gold, Silver, and Oil (9/23/2024) Description: In this webinar, we take an in-depth look at the technical trade levels for the US Dollar (DXY), US Treasury Yields (US10Y), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD),

Breaking News: GBP/USD Soars to New Heights Above 1.3350 Amidst Disappointing US and UK Data The Pound Sterling reaches a new high On Monday, the Pound Sterling surged to a record high of 1.3355 against the US Dollar, marking a significant increase of over 0.20%. This spike comes as a

Silver Shines Bright: A Look at the Latest Forecast for Silver Prices The Current State of the Silver Market The silver market continues to be noisy, as the early hours of Monday have seen a lot of selling pressure, followed by a bit of a bounce. At this point, the

Shining Bright: Gold Maintains Momentum Amidst Expectations of Further Fed Rate Cuts and Heightened Middle East Tensions Gold Reaches New Heights Amid Economic Uncertainty Gold (XAU/USD) slightly retraces during the European session on Monday after being pushed up to a new all-time-high (ATH) of $2,631 earlier in the day. This

Breaking Down the Latest GBP/USD Trade: Pound Sterling’s Softening Stance at 1.3310 Description: The Pound Sterling (GBP) extended its hold against the US Dollar (USD) after the previous week’s resurgence, as the GBP/USD pair tapped the highest level since March 2022 above 1.3300. The bullish potential remained intact for the

Unlocking the Future: A Look Ahead at the GBP/EUR Exchange Rate for Buyers in 2024-09-22 Introduction At the time of writing, the GBP/EUR exchange rate traded at around €1.1912, virtually unchanged from the start of Friday’s opening levels. However, it continued to trade close to a two-year high struck earlier

Gold Proves the Doubters Wrong: A Technical Analysis Update Introduction Gold had an impressive start to the week, reaching new highs and finishing strong with a 1.3% gain. This came after a slight dip of 2% due to profit-taking following the Federal Reserve’s rate decision. The decision to loosen monetary

Rising AUD/USD: Green Candlesticks Continue to Shine in Latest Price Forecast The AUD/USD pair continues to climb The AUD/USD pair has been on a steady upward trajectory, with green candlesticks dominating the charts. As of Thursday, the pair reached a new high for 2024 at 0.6839. While there is limited

Rising Bets for Large Fed Rate Cut Keep AUD/USD Above 0.6800 Description: The AUD/USD pair clings to gains above the round-level support of 0.6800 in Friday’s European session. The Aussie asset remains broadly firm amid growing speculation that the Federal Reserve (Fed) could deliver one more bumper interest rate cut

Rising to the Top: AUD/USD Soars with Improved Risk Sentiment – A Technical Analysis Update The AUD/USD pair has climbed to a new peak, reaching 0.6815 The AUD/USD pair has been making significant gains in recent days, with the exchange rate reaching as high as 0.6815. This marks the highest

GBP/JPY Soars to Multi-Week Highs, Reclaims 19100 as Notable JPY Weakness Persists The GBP/JPY cross turns positive for the fifth successive day following an intraday dip to the 188.70 area and jumps to a nearly three-week top during the first half of the European session on Friday. Spot prices reclaim

Gold Soars to Record Highs as Global Interest Rates Expected to Drop – What This Means for Investors! Gold Breaks Record High Near $2,610 Gold (XAU/USD) reached a new record high near $2,610 on Friday, sparking excitement among investors. This surge comes amidst growing expectations that global central banks will

Unstoppable Shine: Gold Price Holds Steady Near All-Time High, Bullish Momentum Remains Strong Introduction Gold price (XAU/USD) regained positive traction on Thursday and rallied back closer to the all-time peak touched the previous day in reaction to the Federal Reserve’s (Fed) decision to start the policy easing cycle with an