Forex News

Riding the Euro Wave: EUR/USD Hits New Highs as Overbought Signals Spark Excitement A Strong Move for EUR/USD EUR/USD put in another strong move over the past week and even with that being the fourth consecutive weekly gain, the pair has showed its largest weekly move since November of last

Breaking News: EUR/USD Surges to 1.13 as Fed’s Powell Hints at Potential Rate Cut Description: EUR/USD rallied into its second-best day of August, climbing seven-tenths of one percent as the US Dollar tumbles across the board. Market risk appetite is pinned into the ceiling after Federal Reserve (Fed) officials broadly

Breaking Down the USD/CAD Drop: Fed Hints at Policy Shift – What it Means for Traders USD/CAD tumbles to a fresh monthly low (1.3508) as Federal Reserve Chairman Jerome Powell states that ‘the time has come for policy to adjust,’ and the exchange rate may continue to give back the

Gold Glitters as XAU/USD Retests $2500/oz Before Powell’s Jackson Hole Speech Introduction Gold prices are back at $2500/oz following a long awaited retracement which materialized during Thursdays US session. A combination of a stronger US Dollar, rising US Yields and potential profit taking ahead of Fed Chair Powell’s address at

Rising GBP/JPY: Pound Sterling Shines with a String of Positive Data Introduction GBP/JPY is exchanging hands in the 191.60s on Friday, marginally up on the day – its third day of gains in a row so far. The pair benefits from a stronger Pound Sterling (GBP) which has risen after

Unlocking the Potential: AUD/USD Bounces Back on Soft USD and RBA’s Steady Approach Introduction The AUD/USD currency pair is currently finding its footing and stabilizing around 0.6725. This stability comes as the US dollar weakens further in anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. Investors

Exploring the USD/JPY Outlook: A Battle Between the Hawkish BOJ and the Fed’s Anticipated Dovish Shift Japanese Inflation on the Rise Japanese inflation statistics have been on the rise, with the national core CPI approaching 2024 highs. This increase in inflation has caught the attention of market participants and central

NZD/USD Holds Steady Near Mid-0.6100s Falls Short of Two-Month High Ahead of Fed’s Powell Speech The NZD/USD pair regains some positive traction on Friday, albeit lacks follow-through and remains confined in a three-day-old range through the early European session. Spot prices currently trade around mid-0.6100s, well within the striking distance

Golden Opportunity: Precious Metal Rebounds from Crucial Support Ahead of Powell’s Jackson Hole Address Gold Bounces Back Gold (XAU/USD) has surged past the $2,490 mark on Friday after a brief pullback to the crucial technical support level at $2,470 in the previous trading session. This impressive rebound in the price

Breaking News: Gold Prices Expected to Soar to $2,700 per Ounce According to UBS Analysis Description: I posted earlier on the note on the UBS oil forecast: UBS is expecting Brent crude oil to recover into $85 – 90 range Citi is looking for the same direction: Citi says upside

Unpacking the Latest Market Moves: AUD/USD and Gold Take a Hit as Fed’s Coordinated Efforts Cause US Dollar to Bounce Back Description An obvious and coordinated pushback from Fed officials against market pricing looking for aggressive rate cuts in the months ahead has sparked a reversal in the US dollar,

From Setback to Strength: AUD/USD Bounces Back from 0.6720 as US Dollar Falters on Spike in Jobless Claims The AUD/USD pair discovers buying interest from the intraday low of 0.6725 in Thursday’s New York session After facing a setback earlier in the day, the Australian Dollar (AUD) made an impressive

USD/CAD Continues to Decline: Hits Lowest Point Since April 10th Introduction The USD/CAD pair has been on a downward trend, continuing its sharp retracement slide from the vicinity of the mid-1.3900s, which was the highest level since October 2022 touched earlier this month. The pair remains under selling pressure for

GBP/USD Update: Pound Sterling Bulls Take a Breather as USD Demand Rises The Current Situation The GBP/USD pair has been oscillating in a narrow band during the Asian session on Thursday and remains within striking distance of its highest level since July 2023, around the 1.3120 area touched the previous

Gold Market Update: TD Warns of Potential Downside Risk Based on Macro Positioning Data Description: TD is wary of gold, saying that their data on macro positioning data in gold appears to be flashing warning signs. Their model suggests gold positioning is statistically consistent with 370bps of Fed rate cuts,

USD/JPY: A Clash of Uncertainties – Insights from Rabobank Introduction When evaluating the outlook for a currency pair, it is often the case that the newsflow and market focus on one side of the exchange rate dominates the other over a period of time. However, according to Rabobank’s Senior FX