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On Tuesday morning, the EUR/USD currency exchange rate's recovery reached the 1.0050 mark, which acted as resistance. Meanwhile, the pair did not touch the resistance of the weekly simple pivot point. Economic Calendar Analysis This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce its Federal Funds Rate and
Reuters has reported that the Chinese government would accelerate various projects and boost consumption to create an economic recovery.
The price for gold is apparently waiting for the US Federal Reserve Rate hike, which is scheduled for Wednesday's 18:00 GMT. Namely, the metal has been trading between the resistance of the 1,680.00 level and the support of 1,655.00/1,660.00 since Friday. On Tuesday morning, the pair had once again bounced off the resistance of the 1,680.00 level. In the meantime, note
The USD/JPY has bounced off the resistance zone at 143.65/143.80 and declined to the support at 143.00. Meanwhile, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point have had no impact on the rate. In general, previously described scenarios have remained relevant. In the case of a move above 143.65/143.80 the pair would have to pass
With the start of Tuesday's GMT trading hours, the GBP/USD pierced the resistance zone at 1.1440/1.1450. However, a surge did not follow, as resistance was found in the 100-hour simple moving average. Meanwhile, the rate was observed to be finding support in the 50-hour simple moving average. A surge of the rate above the 100-hour SMA near 1.1460 might find
On Tuesday morning, the EUR/USD currency exchange rate's recovery reached the 1.0050 mark, which acted as resistance. Meanwhile, the pair did not touch the resistance of the weekly simple pivot point. A move of the EUR/USD above the 1.0050 level could result in the pair testing the 1.0100 mark and the zone, which surrounds it. Higher above, take into account
This week, the 10-year US Treasury yield has reached its highest level since 2011. The rise has been attributed to the incoming US Federal Reserve rate hike.
Since the last review of the US 500 stock index, the stocks have failed to find support and declined to 3,900.00. The round price level acted as support and caused a minor recovery to the 4,150.00 level and the 200-day simple moving average. In mid-September the higher than expected US inflation data was enough to create a decline, which
In general, the Japanese stocks appear to have continued to recover throughout Summer. However, note that they are traded against the Japanese Yen, which has experienced a major decline. In September, the stocks were finding support in the 27,260.00/27,450.00 zone. Meanwhile, resistance was provided by the 28,650.00/28,680.00 zone. In the case of a decline below 27,260.00/27,450.00 the index might find
On Monday, the USD/CAD currency exchange rate was approaching the 1.3350 level. However, it appeared that the 1.3340 level had acted as resistance and the pair declined to look for support in the 50-hour simple moving average near 1.3270. In the case of a continuous surge of the US Dollar against the Canadian Dollar would encounter strong resistance in the 1.3400
The GBP/JPY currency exchange rate has broken the resistance of the trend line, which guided the rate's last week's decline, and the 50-hour simple moving average. The surge was caused by the 163.00 mark and the 162.75/162.95 zone providing enough support. An extension of the ongoing surge of the currency pair might encounter resistance in the 164.00 level. Higher above, note
On Friday and Monday, the AUD/USD currency pair was finding support in the 0.6670 level and resistance was provided by the 0.6723/0.6733 zone. A surge above the resistance zone might find resistance in the combination of the 200-hour simple moving average and the weekly simple pivot point at 0.6768. Higher above, note that the 0.6800 and 0.6850 levels could act
The EUR/JPY currency pair recently found support in the 142.30/142.65 zone. By the middle of Monday's trading hours, the pair had recovered and faced resistance in the combination of the weekly simple pivot point at 143.68 and the 200-hour simple moving average near 143.65. In the case of a surge above 143.70, the pair might encounter resistance in the 144.00
The stock price of FedEx plummeted 23.25% during Friday's trading. This is the company's biggest price drop ever. However, by Monday's 17:45 GMT, the shares had staged a recovery of 4.82%. The decline occurred, as the CEO of the Company Raj Subramaniam stated to CNBC that the company expects a global recession, as demand for shipping has been tumbling in
The stock price of FedEx plummeted 23.25% during Friday's trading. This is the company's biggest price drop ever. However, by Monday's 17:45 GMT, the shares had staged a recovery of 4.82%.
In the aftermath of the US CPI release, the price for Gold plummeted and reached the 1,655.00 level, which acted as support. Afterwards, a recovery to the resistance of the 1,680.00 level followed. On Monday, the price traded near the support of the 1,660.00 level and the resistance of the 50-hour simple moving average near 1,667.00. Economic Calendar Analysis This week, the
In the aftermath of the US CPI release, the USD/JPY bounced off the resistance of the 145.00 level and declined. Since September 14, the rate has been trading around the 143.00 level. Resistance is provided by the 143.65/143.80 zone and support is found at 142.55/142.65. Economic Calendar This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT,
Last week, the GBP/USD was testing the resistance zone at 1.1715/1.1760, as the US consumer price index data revealed that the US Federal Reserve is highly likely to be more hawkish on their policy and increase the value of the USD. By Monday, September 19, the rate had reached and was finding support in the 1.1350 level. Meanwhile, 1.1450 level
Since the EUR/USD reacted to the US Consumer Price Index release, the pair has been fluctuating around the 1.0000 mark. Support is being provided by the 0.9950 level and resistance is found at 1.0015 and 1.0030. Economic Calendar Analysis This week, the top event of them all is scheduled for Wednesday. At 18:00 GMT, the US Federal Reserve is set to announce
In the aftermath of the US CPI release, the price for Gold plummeted and reached the 1,655.00 level, which acted as support. Afterwards, a recovery to the resistance of the 1,680.00 level followed. On Monday, the price traded near the support of the 1,660.00 level and the resistance of the 50-hour simple moving average near 1,667.00. A resumption of the decline
As the day's US trading started, the stock price of Take-Two Interactive Software declined by 2.04%. The drop occurred due to the leaking of early footage of Grand Theft Auto VI during the weekend. The leak included dozens of videos revealing gunplay, driving and robberies. Bloomberg has confirmed the leak as authentic.
As the day's US trading started, the stock price of Take-Two Interactive Software plummeted nearly 6.00%. The drop occurred due to the leaking of early footage of Grand Theft Auto VI during the weekend.
In the aftermath of the US CPI release, the USD/JPY bounced off the resistance of the 145.00 level and declined. Since September 14, the rate has been trading around the 143.00 level. Resistance is provided by the 143.65/143.80 zone and support is found at 142.55/142.65. In the case of a move above 143.65/143.80 the pair would have to pass the combined
Last week, the GBP/USD was testing the resistance zone at 1.1715/1.1760, as the US consumer price index data revealed that the US Federal Reserve is highly likely to be more hawkish on their policy and increase the value of the USD. By Monday, September 19, the rate had reached and was finding support in the 1.1350 level. Meanwhile, 1.1450 level