Discover the latest and most vital updates in the world of forex trading. Enhance your trades with the latest insights. Fresh news and market analysis.
Whether you're a full-time trader or new to the Forex market, our content can help you make informed decisions in the constantly shifting currency markets.
Stay ahead of trends, understand market drivers, and navigate your trading strategies accordingly. Know which stocks, currencies, or other financial assets show uptrend or downtrend movements daily.
The comprehensive Forex market and analysis section has customizable filtering options. A dedicated search window enables traders to look for any keywords or assets of interest.
Moreover, traders can choose the category and filter the news accordingly. Available categories are: Fundamental Analysis, Technical Analysis, Expert Commentary, Trade Pattern Ideas, Trade Ideas, and News. To refine results even further, users can select the date, ensuring a precise display of the selected period.
This week, Coinbase announced that the crypto exchange would reduce its staff by 1,100, as the cryptocurrency market has been plummeting.
On Wednesday, the European Central Bank issued a statement after an emergency meeting. In general, the bank announced that it would develop a new mechanism for bond reinvestments and develop a new system for monetary control.
The price for gold once again tested the support of the zone below 1,810.00 level during late Tuesday's trading hours. By the middle of Wednesday's trading, the price had recovered and returned to 1,835.00. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US
The USD/JPY pair hit the 135.50 mark and shortly traded above it during the midnight hours to Wednesday. However, since the event, the pair has been declining as by the middle of the day's trading the pair was located at the 134.50 mark and was looking for support near that level. Prior to analysing the technical chart, note that the Federal
The GBP/USD rate found support in the 1.1940 level, which is 20 base points below the 2019 low level at 1.1960. The event was followed by a surge of the Pound against the US Dollar, which by the middle of the day's European trading hours had reached above the 1.2100 mark and the technical levels, which strengthened it. Above all note
The support of the 1.0400 mark eventually was enough to cause a move of the EUR/USD up to the resistance zone, which surrounds the 1.0500 mark. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US Dollar. Note that the publication and the follow
This week, OPEC stated that the oil producers expect global oil demand to decline in 2023.
The price for gold once again tested the support of the zone below 1,810.00 level during late Tuesday's trading hours. By the middle of Wednesday's trading, the price had recovered and returned to 1,835.00. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US
The USD/JPY pair hit the 135.50 mark and shortly traded above it during the midnight hours to Wednesday. However, since the event, the pair has been declining as by the middle of the day's trading the pair was located at the 134.50 mark and was looking for support near that level. Prior to analyzing the technical chart, note that the
The GBP/USD rate found support in the 1.1940 level, which is 20 base points below the 2019 low level at 1.1960. The event was followed by a surge of the Pound against the US Dollar, which by the middle of the day's European trading hours had reached above the 1.2100 mark and the technical levels, which strengthened it. Above all
The support of the 1.0400 mark eventually was enough to cause a move of the EUR/USD up to the resistance zone, which surrounds the 1.0500 mark. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US Dollar. Note that the publication and
The US National Federation of Independent Business has revealed that its Small Business Optimism Index has decreased to 93.1 during May, which is a new record low.
FedEx has announced that the company would increase its dividend by more than 50.00%. The news caused a major surge of the company's stock price.
On Tuesday, the stock price of FedEx surged by 14.18% or $28.52. The surge occurred due to the company making an announcement prior to the US market opening. The parcel delivery firm added two new directors to its board and raised its quarterly dividend by 50.00%. Namely, as the yield of holding the stock surged, its value immediately adjusted. In
Since the May 13 review, the price for US light crude oil has continued to surge. It has been observed that the May and June low and high levels can be connected to reveal an ascending wedge pattern. If the commodity price continues to surge, the rate might test the March high levels at 130.00. On the other hand,
The USA 500 stock index decline has continued, as the 3,830.00/3,870.00 zone has been passed. On June 14, the pair was confirming the 3,800.00 level as resistance. In theory, the index should continue to decline. However, the 2022 low level connecting trend line is close by and could act as support near 3,720.00. In the meantime, note that on Wednesday,
During the second part of Tuesday's trading, the surge of the US Dollar against the Canadian Dollar had continued, as the rate was approaching the resistance of the 1.2950 mark. A move above the 1.2950 mark could encounter resistance in the combination of the 1.3000 mark and the weekly R2 simple pivot point at 1.2996. Higher above, note the 1.3050
During the second part of Tuesday's trading hours, the GBP/JPY currency pair reached the 161.50 level. Meanwhile, note that the rate has been piercing the lower trend line of the channel pattern, which has been guiding the rate down. In general, it indicates that the decline of the Pound against the Japanese Yen might accelerate. A move below the support
During the second part of Tuesday's trading, the AUD/USD currency pair reached below the 0.6900 mark. In the meantime, it was spotted that the rate has been declining in a narrow channel down pattern since January 9. A continuation of the Australian Dollar's decline against the US Dollar is set to look for support first in the 0.6850 level. Further below,
The decline of the EUR/JPY reached the 139.50 mark on Monday. On Tuesday, the rate recovered until it encountered the resistance of the 50-hour simple moving average above 140.60. If the 50-hour simple moving average holds and pushes the rate down, the 139.50 mark and the weekly S1 simple pivot point at 139.35 could act as support. Further below,
Reuters revealed this week that half of surveyed Japanese firms see the weak Japanese Yen as an issue instead of an advantage.
The price for Natural Gas has plummeted from $8.60 down to $7.40. The move was initially attributed to the OPEC report on future demand.
In May, the US Producer Price Index continued to surge, as prices increased by 0.8%, compared to 0.4% in April.
The price for gold eventually reached below the 1,825.00/1,830.00 zone. However, by the end of Monday's trading the pair had found support in the 1,810.00 mark and recovered to 1,830.00. Economic Calendar Analysis On Wednesday, the US Retail Sales and Core Retail Sales is bound to impact the USD value at 12:30 GMT. The top event of the month is scheduled for Wednesday's