Forex News

USD/JPY Continues to Drop Below 142.00 as USD Weakens – All Eyes on Fed Decision! The USD/JPY pair attracts fresh sellers during the Asian session on Wednesday and slides back below the 142.00 mark in the last hour, eroding a part of the overnight gains and stalling its recovery from

EUR/USD: Battling to Reach Monthly High Before Fed’s Rate Decision – A Market Update for 09/17/2024 Market Update EUR/USD is currently struggling to test the monthly high of 1.1156. The US Retail Sales report has shown a 0.1% rise in August, contrary to forecasts for a 0.2% decline. However, all

Unlocking the Potential of Gold: A Short-Term Technical Analysis for XAU/USD with a Bullish Target of $2600 by September 17, 2024 Description: Gold prices are virtually unchanged since the Sunday open with XAU/USD trading at 2578 ahead of tomorrow’s highly anticipated Fed interest rate decision. While a breakout of the

USD/CAD Price Prediction: Trapped in a Holding Pattern Below 1.3600 Introduction The USD/CAD pair continues to experience a period of consolidation, with prices stuck in a narrow range below the key level of 1.3600. This stagnation comes as a result of a bearish US Dollar, which has been weighing down

Unlocking the Mystery of USD/JPY: A Trader’s Guide to Navigating the 140.10-141.40 Range Description: The US Dollar (USD) is likely to trade in a sideways range of 140.10-141.40 against the Japanese Yen (JPY), UOB Group FX strategists Quek Ser Leang and Lee Sue Ann note. In the longer run, downward

Breaking News: AUD/USD Soars Above Mid-0.6700s, Reaching Two-Week High Ahead of US Retail Sales Report Description: The AUD/USD pair gains traction for the second straight day on Tuesday – also marking the fourth day of a positive move – and climbs to a one-and-half-week high during the early part of

Unpacking the USD: A Technical Analysis Ahead of the Fed Decision for EUR/USD and GBP/USD Description This week, September 16-20, 2024, is key for the USD, with the Federal Reserve meeting in the spotlight, taking place between Tuesday, September 17, and Wednesday, September 18. Currently, according to the CME’s FedWatch

GBP/USD Soars as Traders Bet on Fed Rate Cut – A Game-Changing Move for the Currency Market! What to Expect from GBP/USD On a quiet Monday, GBP/USD made significant gains, pushing past the 1.3200 handle and entering bullish territory. This sudden surge comes as investors brace themselves for major central

Unpacking the USD/JPY: A Look at the Latest Carry Unwind and its Impact on the Market Description: USD/JPY set a fresh yearly low after the weekly open. As looked at on Friday USD/JPY has started to encounter a big zone with longer-term importance around the 140.00 level, with 140.30 which

NZD/USD Skyrockets Near 0.6200 as Fed Policy Looms on the Horizon The NZD/USD pair refreshes a weekly high of 0.6200 in Monday’s New York session As the trading week kicks off, the New Zealand Dollar (NZD) has been making significant gains against the US Dollar (USD), with the NZD/USD pair

Exploring the Latest Market Trends: A Look at USD/JPY and Gold Outlook During Fed and BOJ Policy Week Market Expectations and Currency Movement With market expectations leaning 50-60% towards a 50bps Fed rate cut, the US Dollar has dropped to its December 2023 lows, pushing USDJPY below the 140 mark.

Unlocking the Potential: A Closer Look at the NZD/USD Price Forecast The NZD/USD pair attracts dip-buying The NZD/USD pair has caught the attention of investors as it attracts some dip-buying on the first day of a new week. This comes after reversing a major part of Friday’s pullback from the

EUR/JPY Faces Challenges Near Mid-15500s, Hits Lowest Point Since August Before Upcoming BOJ Meeting Description: The EUR/JPY cross attracts sellers for the second straight day on Monday and drops to its lowest level since early August, below mid-155.00s during the Asian session. The downtick is sponsored by the underlying bullish

Shining Bright: Gold Price Holds Strong Near Record High Before Crucial FOMC Meeting This Week Description: Gold price (XAU/USD) holds steady near the all-time high, around the $2,580 region during the Asian session on Monday amid relatively thin trading volumes on the back of a holiday in China and Japan.

EUR/USD Fails to Reclaim 1.11 Mark, Ending Friday on a Flat Note – A Market Update Description: EUR/USD kicked back into the 1.1100 handle on Friday, before market forces weighed on the Euro once again and returned Fiber to the day’s opening bids. The pair has fumbled a near-term technical

Gold Soars to New Heights: A Breakthrough Analysis Introduction After three weeks of consolidation, gold moved decisively upwards, hitting a record above $2572 per troy ounce on the spot market on Friday. The price rise has approached 3% since the beginning of the week and 25% since the beginning of