Forex News

Breaking Down the GBP/USD: A Look at the British Pound’s Rise to 2024 Highs and Upcoming PMIs The Calm Before the Storm For economic data (if not necessarily price action) the first few days of this week have been a proverbial “calm before the storm.” Rather than key in to

EUR/USD Technical Analysis: Bulls Continue to Dominate A Closer Look at the Market Trends The EUR/USD has been on a steady rally since August 15, finding strong support at 1.0950. Currently, the pair is testing the key resistance zone of 1.1130. This particular zone has proved to be a tough

Unleashing the Bull: A Look at EUR/USD and Silver Analysis in Light of Dovish Expectations Introduction As investors and traders eagerly await the latest insights from the Federal Reserve, the EUR/USD and silver markets are experiencing positive rallies amidst a weakening US dollar. The market sentiment is leaning towards a

Gold Glitters as US Dollar Dims: A Fundamental Analysis Looking Beyond the Surface There was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. As such, the S&P500 and

USD/INR Bounces Back: US Dollar Demand Remains Strong, But Upside Potential May Be Limited The Indian Rupee (INR) weakens on Wednesday and remains the worst-performing Asian currency in August due to trade deficits and persistent USD demand from importers. As the week progresses, the USD/INR currency pair has seen a

GBP/USD Soars on Tuesday, Reaching New Yearly Highs! The Pound Sterling Continues to Strengthen Against the Greenback GBP/USD chalked in another third of a percent gain on Tuesday, squeezing out a fresh 13-month high and closing in the green for a third straight day as the Pound Sterling capitalizes on

Unpacking the US Dollar Forecast Why the USD/JPY Rebound May Be Short-Lived Before the Fed Symposium in 2024 The recent recovery in USD/JPY appears to have stalled ahead of the monthly high (150.89) as it carves a series of lower highs and lows. This trend has raised concerns among investors

USD/CHF Takes a Dive Below 0.8600 as the US Dollar Loses Strength – A Currency Market Update The USD/CHF pair faces an intense sell-off In Tuesday’s North American session, the USD/CHF pair faces an intense sell-off and slides below the round-level support of 0.8600. The Swiss Franc asset plummets as

Breaking Down the Latest Market Moves: Canadian Dollar Dips as CPI Confirms BOC’s Potential Rate Cut, While Gold Continues to Shine Canadian Dollar Under Pressure The Canadian Dollar has come under broad pressure in the early US session following the release of the latest inflation data. The data showed a

Uncovering the Precious Metals Market: Why Silver, Platinum, and Palladium are Falling Behind Gold – Insights from Commerzbank Introduction When it comes to investing in precious metals, gold has always been the star of the show. However, recent insights from Commerzbank’s experts shed light on why other precious metals like

GBP/USD Technical Analysis: Awaiting Strong Resistance Near 1-Year High Description: GBPUSD continues last week’s rebound off the 200-day SMA and the 50.0% Fibonacci retracement level of the up leg from 1.2300 to 1.3045 at 1.2670, but with some weakness today. The intraday bias looks neutral to negative, as the stochastic

EUR/JPY Soars to 163.00 as JPY Demand Dwindles: A Look at the Final Eurozone CPI for Potential Momentum Boost The Rise of EUR/JPY The EUR/JPY cross has seen a significant rally, increasing by nearly 130 pips from the Asian session low of around 161.70. The surge in price has seen

Gold Price Update: Bulls Hold Strong at $2,500 Range, Consolidation Continues Introduction Gold price (XAU/USD) registered modest losses on Monday as investors refrained from placing fresh bullish bets following the recent rise to a fresh record high and opted to wait for more cues about the Federal Reserve’s (Fed) policy

Unlocking the Market: A Weekly Technical Outlook for DXY, EUR/USD, USD/CAD, USD/JPY, Gold, and Oil (8/19/2024) Description: In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), 10yr

Uncovering the Top Market News: A Week in Review (August 19th – 23rd) – A Detailed Analysis of GBPCAD The GBPCAD currency pair, representing the exchange rate between the British pound and the Canadian dollar, is the most critical indicator of economic interaction between the UK and Canada. The Canadian

Gold Glitters Above $2,500: A Look at Friday’s Late Rally Description: Gold (XAU/USD) trades just above $2,500 on Monday as it consolidates the gains made after it broke above resistance to new all-time highs on Friday. The precious metal is supported by lingering doubts about the resilience of the US