Forex News

GBP/USD Soars as US Economic Data Sparks Rate Cut Speculation – A Must-Read Forecast! The Pound Sterling Enjoys a Rebound After hitting a weekly low of 1.3087, the Pound Sterling has experienced a significant rebound. In early trading on Wednesday during the North American session, the GBP/USD pair has climbed

Breaking Down the Latest EUR/USD Forecast: Why the Dollar May Be Headed for a Downward Turn Introduction In the first half of Wednesday’s session, we have seen a slight recovery in global indices and futures from their overnight lows, providing a calmer backdrop in the FX space after currency volatility

Unlocking the Potential: A Special Report on Gold Prices and the Possibility of All-Time Highs by Year-End Introduction Gold has been performing remarkably well so far this year, with a gain of 21% and a record high of $2,531 on August 20. The impending release of US economic data, increased

Caution Ahead: NZD/USD Remains Below 0.6200 as Traders Await US Labor Data Market Update NZD/USD continues its losing streak for the fourth consecutive day, trading around 0.6180 during the Asian hours on Wednesday. The downside of the NZD/USD pair could be attributed to the cautious stance adopted by market participants

Unlocking the Potential: AUD/USD and ASX 200 in the Asian Market – A Must-Read Analysis for Traders Introduction After a long weekend, Wall Street indices experienced a downward trend, leaving traders on edge due to weak data at the start of the month. This sensitivity towards disappointing stock performance has

Say Goodbye to Gold: Trend Followers Forced to Sell, According to TDS Report The Current State of Gold Trading For the first time in months, CTAs (Commodity Trading Advisors) could start liquidating Gold in a downtape over the coming week, reinforcing the set-up for our tactical short. Alternative takes on

Unleashing the Potential: A Look into the GBP/USD Forecast for September 3rd, 2024 GBPUSD fell below the support of 1.3170 The GBP/USD currency pair has recently fallen below the key support level of 1.3170, signaling a potential shift in market sentiment. Traders and investors are closely watching the pair as

EUR/GBP on the Rise: Limited Upside Ahead Due to Dovish ECB Introduction EUR/GBP extends its gains for the second successive day, trading around 0.8430 during Tuesday’s European session. However, the upside potential for the EUR/GBP cross may be limited, as the Euro is under pressure amid strong speculation that the

Unlocking the Secrets of EUR/JPY: A Technical Analysis of the 38.2% Fibonacci Retracement Deciphering the EUR/JPY Market Trends EURJPY is currently heading south following the unsuccessful battle with the 162.30 resistance level, which is the 38.2% Fibonacci retracement level of the down leg from 175.37 to 154.40. However, a more

Uncovering the Top FX Performers: GBP/JPY and AUD Carry Trades Gain Popularity as Hard Landing Fears Subside Market Trends Over the past month, market concerns surrounding a hard economic landing in the United States have been diminishing. This favorable development has allowed Japanese yen carry trades to be reestablished, leading

Uncovering the Potential of USD/CAD: A Currency Pair to Watch in the Week Ahead (September 2, 2024) USD/CAD Forecast The Loonie is our featured currency pair this week, for not only do we have significantly important data from the US, but there’s also a rate decision across the northern border

Unlocking the Secrets of the Forex Market: A Weekly Technical Analysis of USD/JPY, USD/CAD, and AUD/USD USDJPY Technical Analysis USDJPY is looking for fresh buying as it is still striving for a close above the 20-day simple moving average (SMA) and beyond the 146.00 number. The next market mover could

Unlocking the Future: A Look at the GBP/AUD Exchange Rate Forecast for 2024-09-02 GBP/AUD Exchange Rate Wavers despite Lack of Data The Pound Australian Dollar (GBP/AUD) exchange rate traded in a wide range last week despite a short supply of both UK and Australian economic data releases. At the time

From Friday Hopes to Monday Reality: A Look at USD/CNH, China A50, SGX Iron Ore on Forex.com The Ups and Downs of the Chinese Yuan and Equity Markets Last Friday, the Chinese yuan and equity markets were on a high, as speculation grew that policymakers in China were considering allowing

Unleashing the Power of EUR/USD: A Weekly Forecast of Momentum Shifts from Bearish to Bullish Breakouts Introduction When it comes to trading in the foreign exchange market, understanding the dynamics of major currency pairs is crucial. The EUR/USD pair is one of the most widely traded pairs in the forex

EUR/USD Continues to Slide as the Greenback Gains Momentum on Friday Description: EUR/USD tilted further into the red on Friday, extending a downside move into a third straight day and dragging Fiber down to 1.1050 to round out the trading week. EU inflation figures released early Friday failed to impress