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.
The AUD/USD has been trading in a descending triangle pattern throughout this week. Namely, a resistance line is connecting the lower and lower high levels. Meanwhile, support is being found in the zone, which surrounds the 0.7160 level. On Thursday morning, the pair was finding support in the 0.7160 level. If the rate surges, it would have to pass the
In the expectations of European Central Bank starting monetary tightening the EUR/JPY currency rate hit a new seven-and-half year high level at 144.22. However, prior to the ECB monetary policy statement, the EUR/JPY retraced to the 50-hour simple moving average near 142.85. If the Euro resumes its surge against the Japanese Yen, the rate should encounter resistance in the
This week, the US Treasury Secretary Janet Yellen stated that inflation in the US is set to remain high.
The EUR/JPY currency pair reached a seven year high level at 142.84. The surge has been attributed to the various monetary policies of the ECB and the BoJ.
In May, the DUK+ asking price has drawn a double top pattern by making two attempts at reaching above 1.7500. In the meantime, support was found near and below the 1.5000 level. Namely, the asset price fluctuated in a 0.2500 range. Meanwhile, the bid price remained in the 1.4000/1.5000 zone with the exception of two spikes up to 1.6500. However, at
Throughout this week, the price for gold has fluctuated in the 1,837.00/1,858.00 zone. On Wednesday, the price was mostly fluctuating in the 1,845.00/1,855.00 range. Namely, the price bounced around the 1,850.00 mark in a ten USD range. Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of
At mid-day on Wednesday, the USD/JPY pair's surge hit the 134.50 mark. Meanwhile, it was spotted that the 133.50 and 134.00 levels and the weekly R2 simple pivot point failed to act as resistance. Economic Calendar On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. Hourly Chart A
Despite piercing the 1.2460/1.2480 zone's support, the GBP/USD recovered on Tuesday. During the late hours of the day's trading, the pair encountered resistance in the 1.2600 mark. By the middle of Wednesday's trading, the pair had declined below the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2535/1.2565. Economic Calendar On Friday, the US Consumer Price
Since the last failed attempt at passing the 1.0740/1.0760 zone, the EUR/USD has been trading around the 1.0700 mark. Namely, the pair has declined and found support at 1.0660, before retracing back up to the 1.0740 level. At mid-day on Wednesday, the currency pair was trading between the resistance of the 1.0740 level and the support of the technical levels
Throughout this week, the price for gold has fluctuated in the 1,837.00/1,858.00 zone. On Wednesday, the price was mostly fluctuating in the 1,845.00/1,855.00 range. Namely, the price bounced around the 1,850.00 mark in a ten USD range. In the case that the commodity price surges, round price levels are set to act as resistance. The 1,865.00, 1,870.00 and 1,875.00 levels could
At mid-day on Wednesday, the USD/JPY pair's surge hit the 134.50 mark. Meanwhile, it was spotted that the 133.50 and 134.00 levels and the weekly R2 simple pivot point failed to act as resistance. A continuation of the USD surge against the Japanese Yen could encounter resistance in a round exchange rate level and initiate a consolidation by slightly declining or
Reuters revealed this week that Qatar had chosen Exxon, Shell, Total and Conoco for a massive expansion of the liquefied natural gas sector.
Despite piercing the 1.2460/1.2480 zone's support, the GBP/USD recovered on Tuesday. During the late hours of the day's trading, the pair encountered resistance in the 1.2600 mark. By the middle of Wednesday's trading, the pair had declined below the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2535/1.2565. A continuation of the decline of the
Since the last failed attempt at passing the 1.0740/1.0760 zone, the EUR/USD has been trading around the 1.0700 mark. Namely, the pair has declined and found support at 1.0660, before retracing back up to the 1.0740 level. At mid-day on Wednesday, the currency pair was trading between the resistance of the 1.0740 level and the support of the technical
The share price of Credit Suisse plummeted more than 6.00%, as the bank announced that it had suffered losses in the second quarter of 2022.
Prior to the European Central Bank rate statement, on Wednesday, European stock indices declined due to the expectations of a stronger Euro.
The US Commerce Department revealed this week that the government is set to use a new strategy to restore international tourism, which was hit by the Covid-19 pandemic.
The Bank of America announced this week that it expects the European Central Bank to hike rates by 150 points, during this year. Previously, the bank expected a 100 point hike.
This week, the Governor of the Bank of Japan Haruhiko Kuroda stated that the economic situation in Japan does not warrant the start of quantitative tightening.
On Tuesday, the European stock markets traded with the expectations of the Wednesday's ECB Monetary Policy Statement.
During the early trading of this week, crude oil price benchmarks hit the $120 level, indicating that inflation is set to remain high.
Euro Zone Retail Sales data for April has revealed that retail sales had declined by 1.3% on a month-on-month basis. The decline was attributed to a fall in food sales.
Since declining on Friday, the price for gold has fluctuated around the 1,850.00 level. Meanwhile, the price was slightly impacted by the 100 and 200-hour simple moving averages. In general, previous forecasts remain unchanged Economic Calendar Analysis On Friday, the US Consumer Price Index release at 12:30 GMT is set to impact all financial markets through the value of the USD. XAU/USD short-term
At the start of Monday's trading, the stock price of Twitter plummeted 5.20% or $2.08. The start of trading with a gap down was caused by Elon Musk requesting more information from Twitter about fake accounts and being denied the info. As a result the potential buyer stated that he might not acquire the firm unless the information is