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 price for gold managed to break off the 2,300.00 and show that it is heading higher. However, the surge eventually stopped at the 2,380.00 level. On Monday, the rate passed below the 2,360.00 level and the impact range near it. By mid-day, the price was finding support in the 2,333.75/2,340.00 range. A resumption of the metal's surge is set
Despite all actions done by the Bank of Japan, the USD/JPY rate has moved higher. This week, the rate was struggling to pass above the 155.95/156.30 range. This range has acted as both support and resistance during this year. Meanwhile, support as provided by the 50-hour simple moving average. In addition, the 100-hour SMA was catching up with the
Last week, despite being pierced, the 1.2460/1.2470 range held as support and forced the pair to recover. On Monday, the recovery was stuck between the support of the three hourly simple moving averages and the weekly simple pivot point near 1.2520 and the resistance range at 1.2535/1.2550. A broader surge would most likely face resistance in the 1.2600 and
Throughout the past week, the situation has not changed. The EUR/USD remains close by the 1.0800 mark. However, the rate did dip below the 1.0740/1.0750 range, before returning to previous levels. On Monday, the pair was being supported by the 50-hour simple average that was pushing the rate into the 1.0800 mark which was supported by the weekly R1
The Russian gas giant has posted its first loss since late 1990s, as the firm has suffered losses of $7 billion. Quarterly result release has revealed that gas prices in China have been declining and there is less demand than in Europe.
Data for April has revealed that in April sales of homes in Toronto have decreased for a third month straight. Meanwhile, prices have continued to rise.
Turkish inflation has reached highest level since 2022 by nearing 70% in April. The Finance Minister of Turkey Mehmet Simsek commented that the inflation is in line with expectations.
German firm Henkel has revealed that it expects higher profits in 2024, as it has experienced a strong first quarter.
The banking group Societe Generale has reported a decline in profits in the first quarter of 2024. However, the drop of income has been lower than expected.
Weak demand in Europe has caused a decline in the share price of Daimler Truck, despite the company revealing better financial results for the last quarter.
Due to the ongoing boom in AI, global firms have been buying up semiconductors, which are mostly produced in Taiwan. Due to this reason, investors have been buying Taiwanese ETFs.
The sports brand firm Adidas has revealed that it intends to invest into and actively manage the three stripe sneaker Samba and multi-colour Gazelle brands.
As the earnings season is over, it has been revealed to the world that tech giant firms have experienced rising costs that stem from the development of artificial intelligence tech.
The Universal Music Group has struck a new pact with TikTok that would see the return of the group's artists to the platform.
US pharmaceutical company Regeneron has reported that its top eye drug has been sold in lower quantities than expected.
The new and information firm Thomson Reuters has reported an increase of quarterly revenue of 8.00%. Moreover, the firm expects higher earnings throughout 2024.
Due to a rebound in business travel, Air Canada has experienced and reported smaller quarterly losses.
The Wall Street Journal has reported that the insurer Chubb is set to pay out $350 million for the repair of the collapsed Baltimore Bridge.
World's second largest steel producer ArcelorMittal has revealed that it expects global demand for steel to increase by 3-4% during 2024.
Reuters has revealed that it is most likely that in March Japanese household spending had declined more than in February.
In the aftermath of a strong quarter, Maersk has increased its annual profit expectations, as demand for container shipping has increased by almost 4.5%.
The Organization for Economic Cooperation and Development has reported that it expects global GDP to grow 3.1% in 2024 and 3.2% in 2025. These new forecasts are higher than the previous 2.9% and 3.0%.
PMI data for April has revealed that economic activity in euro zone factories has declined even further, as the reading is in contraction for a 22nd month straight. Moreover, the index has declined from 46.1 in March to 45.7 in April.
Energy company Shell has reported a quarterly profit of $7.7 billion which is sharply beating market analyst expectations.