Forex News

Breaking News: GBP/USD Hits Record High in 29 Months – Pound Sterling Soars! What’s Driving the Surge? GBP/USD tested into a fresh multi-year high on Tuesday, easing into a 29-month peak of 1.3266 as the Pound Sterling continues to catch a ride on a broad-market Greenback sell wave. Investors have

Shining Bright: Gold Prices Soar Near Record High Amid Global Tensions and Speculation of Fed Rate Cut The Gold price (XAU/USD) gains traction above $2,500 per troy ounce on Wednesday, bolstered by the escalating geopolitical tensions in the Middle East. Gold prices are reaching new heights as global tensions rise,

Unstoppable GBP/USD: How the Greenback’s Weakness is Driving the Pair to New Heights The Rise of GBP/USD GBP/USD tested into a fresh multi-year high on Tuesday, easing into a 29-month peak of 1.3266 as the Pound Sterling continues to catch a ride on a broad-market Greenback sell wave. Investors have

Breaking News: GBP/USD Surges to Record High Above 1.32 – What’s Next for This Dynamic Currency Pair? The Pound Sterling extended its gains and refreshed multi-year highs at around 1.3246 on Tuesday as the Greenback failed to recover following a surprisingly dovish tilt by Fed Chair Jerome Powell at his

Uncovering Gold’s Potential: Navigating the Impact of Middle East Tensions and Fed Policies Description Gold prices have recently dipped to 2507 USD per troy ounce but are poised for a potential rebound due to increased demand for safe-haven assets amid escalating conflict in the Middle East. Additionally, anticipations of monetary

Unleashing the Power of the British Pound: A Comprehensive Analysis GBP Price Action and Potential Correction in GBP/USD, EUR/GBP, and GBP/JPY The Bank of England (BoE) is one of the few Central Banks in the G7 with the exception of the Bank of Japan (BoJ) who are not expected to

RBA’s Hawkish Stance Boosts AUD/JPY Towards 98.50: A Closer Look at the Policy Outlook Understanding the RBA’s Hawkish Stance The Australian Dollar to Japanese Yen (AUD/JPY) pair has been making significant gains, nearing the 98.50 mark, driven by the hawkish sentiment surrounding the Reserve Bank of Australia (RBA) policy outlook.

Unlocking the Potential: Why Goldman Sachs is Still Bullish on GBP/CHF – A Must-Read for Forex Traders! Description: GBP has testified of its high beta properties after its rapid recovery in August alongside other risky assets. Expected downside in EURGBP below 0.85 and upside in GBPUSD above 1.30 to extend.

EUR/USD Takes a Tumble as the Greenback Regains Strength in the Market Description: EUR/USD pared back recent gains on Monday, slipping back from 1.1200 as traders ease off the gas pedal in broad-market Dollar-negative flows that sent Fiber into its highest bids in 13-months last week. Market risk appetite remains

USD/CHF Stays Below 0.8500 as Fed Promises Policy Shift in September The Current State of USD/CHF The USD/CHF pair is currently hovering below the psychological resistance level of 0.8500 in Monday’s American session. The Swiss Franc remains on a bearish trajectory as market participants have fully priced in Federal Reserve’s

Breaking Down the Market: A Recap of the Week’s Top News for EUR/USD (August 26-30) The EURUSD Pair: An Overview Traders in the Forex market are constantly keeping a close eye on the EURUSD pair, also known as the “Fiber” in trading circles. This currency pair is the most heavily

Gold Continues to Shine: Geopolitical Tensions Drive Demand for Safe Haven Investment The Rise of Gold Prices Gold (XAU/USD) is currently trading up into the $2,520s on Monday, experiencing a surge in price due to various factors. One significant driver of this increase is the rise in geopolitical tensions in

Breaking Barriers: AUD/USD Struggles to Surpass Key Resistance Level, According to UOB Group Description: Conditions are severely overbought, but there appears to be enough momentum for the Australian Dollar (AUD) to break clearly above 0.6800. However, given the overbought conditions, it remains to be seen if 0.6870 is within reach,

Unlocking the Potential: A Technical Analysis of EUR/USD’s Quick Rally Towards 2023 Highs Description: The pair violated a bearish engulfing candlestick pattern after refusing to close below 1.1100 on Friday, increasing optimism that the rally might have more room to run. Nevertheless, it is crucial to be cautious as the

EUR/USD Soars Close to 1.1200 Amidst Fed Chair Powell’s Dovish Remarks Description: EUR/USD extends its gains for the second session, trading around 1.1190 during the Asian session on Monday. This upside of the EUR/USD pair is attributed to the lower US Dollar (USD) following the dovish speech from the US

Breaking Down the USD/JPY and NZD/USD: The US Dollar and Fed’s Balancing Act Between a Hard and Soft Landing Introduction With rate cuts priced in at every Federal Open Market Committee (FOMC) meeting over the next year, markets are betting on the Federal Reserve being able to deliver a soft