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 EUR/USD managed to breach the 1.0800 mark and was consolidating, as the US CPI data was published. Due to the data being below forecast, the Dollar plummeted. It resulted in the EUR/USD heading higher. Resistance could be encountered in the weekly R3 simple pivot point at 1.0866 and the April high level resistance zone that surrounds the 1.0880 level.
US statisticians have published consumer price index and retail sales data sets. Both inflation and consumer shopping were expected to have increased. In general, the data showed that prices have risen less than expected. However, retail sales are unchanged. US Dollar reacted to the news by plummeting, as the Dollar index dropped from 104.80 down below 104.50. The US Bureau of
US statisticians have published consumer price index and retail sales data sets. Both inflation and consumer shopping were expected to have increased. In general, the data showed that prices have risen less than expected. However, retail sales are unchanged.
The Japanese tech giant Sony has announced that it expects higher profits from the image sensor segment. Moreover, the firm intends to do a stock split.
In April, the Indonesian economy experienced a record trade surplus of $3.56 billion, which beat market forecasts.
Bank of America has surveyed its investors and found out that they are the most bullish since November 2021. The November 2021 marked the top in various speculative assets.
The Wall Street Journal has reported that Walmart is set to fire hundreds of its corporate staff. Moreover, other employees are forced to relocate.
The pharma giant Bayer has reported a decline of profits in the first quarter of 2024. However, due to the decline being lower than forecast, the stock price of the company rallied.
The Vice Chairman of the Federal Reserve Phillip Jefferson has recently stated that despite the central bank attempting to clearly communicate with the public, it is experiencing issues.
The BHP group announced this week that Anglo American has rejected an updated buyout despite BHP increasing the buyout sum from $38 billion up to $42.67.
Chinese government is set to start the issue of new bonds for a total value of 1 trillion Yuan. The borrowed funds are going to be used to stimulate the national economy.
The Bureau of Labor Statistics has published the Producer Price Index and the Core Producer Price index. These data sets provide insight into price changes at the wholesale level. Inflation has turned out to be much higher than expected.
The Bureau of Labor Statistics has published the Producer Price Index and the Core Producer Price index. These data sets provide insight into price changes at the wholesale level. Inflation has turned out to be much higher than expected. The US Dollar reacted to the news with a 0.25% surge upwards, erasing prior losses. The Dollar surge is attributed
The Wall Street Journal has reported that Intel is about to close $11 billion deal with Apollo. Apollo Global Management is set to provide Intel funds to build a new factory in Ireland.
United States auto manufacturer workers of the Mercedes-Benz plant in Alabama have decided to vote upon whether to join the United Auto Workers union. The vote could result in follow up worker demands from the company.
Leader of the US Senate Majority Chuck Schumer has urged the Federal Trade Commission to "pump the breaks" on Chevron acquiring Hess corporation.
Retail giant Amazon has revealed that it would invest $1.3 billion in France. The investment is set to create new 3,000 jobs.
The Japanese major bank SoftBank has reported that it has managed to profit in the first quarter of 2024. Profits have been attributed to using artificial intelligence solutions.
Due to overall low returns, investors in Europe have started to invest on their own and dump the services of hedge funds. The trend has resulted in a 8-year low level in European hedge fund assets.
Today, OpenAI is set to announce a string of new updates to its ChatGPT products. A conference is set to be live streamed at 17:00 GMT.
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. Economic Calendar Analysis The US Consumer Price Index will impact
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 pair. Economic
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. Economic Calendar The US Consumer Price Index will impact the market this week. Everything else
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 simple