Forex Market News and Analysis

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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.

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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.

Fri, 31 May 2024 19:30:04 GMT

T-Mobile buys US Cellular's operations

US firm T-Mobile has set out to buy out the regional company's US Cellular wireless operations, customers, stores and 30% of spectrum assets. The deal is set to amount to $4.4 billion.

Fri, 31 May 2024 15:30:04 GMT

GameStop recovers after share sale

This week, in the aftermath of a stock sale of $933 million done by the firm's management, the stock price of GameStop was observed to be recovering.

Fri, 31 May 2024 11:30:04 GMT

UBS raises S&P 500 target

UBS Global Research has increased the end of year S&P 500 price target to 5,600. The target indicates an upside of more than 5.00%.

Fri, 31 May 2024 07:30:04 GMT

VinFast considers producing in USA

The Vietnamese electric vehicle maker VinFast has been considering buying a production plant in the United States for a total of $4 billion.

Fri, 31 May 2024 03:30:04 GMT

Bank of Japan hints at rate hike

The Bank of Japan Board Member Seiji Adachi has hinted that the central bank could increase interest rates, if a decline in the Yen would cause more inflation.

Thu, 30 May 2024 19:30:03 GMT

China negotiates with Europe on EV tariffs

As the European Union has been moving to increase tariffs on Chinese made electric vehicles, the Chinese government has decided to negotiate and make a deal with the EU.

Thu, 30 May 2024 15:30:04 GMT

Samsung Electronics' workers threaten a strike

The union of the workers of the South Korean giant Samsung Electronics has announced that the workers could strike next week unless its demands for higher wages were met.

Thu, 30 May 2024 13:31:08 GMT

US GDP update boosts USD decline

The US Bureau of Economic Analysis has published the US Preliminary quarterly GDP data. US GDP has increased by 1.3% instead of the forecast 1.2%. Dollar index reacted to the news with an immediate dip of 11 base points that was followed by a further decline. However, the USD was already declining during the early hours of today's trading

Thu, 30 May 2024 13:12:59 GMT

US GDP update boosts USD decline

The US Bureau of Economic Analysis has published the US Preliminary quarterly GDP data. US GDP has increased by 1.3% instead of the forecast 1.2%. Dollar index reacted to the news with an immediate dip of 11 base points that was followed by a further decline.

Thu, 30 May 2024 11:30:04 GMT

IMF upgrades outlook for China

International Monetary Fund has raised its forecast for Chinese GDP growth, as the organization expects the Chinese economy to grow by 5.00%.

Thu, 30 May 2024 07:30:04 GMT

Anglo American rejects BHP offer

The mining company Anglo American has rejected BHP Group's offer to extend takeover talks further above the set deadline.

Thu, 30 May 2024 03:30:05 GMT

Weight loss drug market continues to grow

Most recent forecasts reveal that, as millions seek to acquire the weight loss drugs from Novo Nordisk and Eli Lilly, the total market could grow to $150 billion by early 2030s.

Wed, 29 May 2024 21:30:04 GMT

Airfares peak in EU and Asia

It has been reported that due to travellers looking for savings opportunities the prices for airline tickets might have peaked in Europe and Asia.

Wed, 29 May 2024 18:30:04 GMT

Toyota shows new engines

The Toyota Motor Company has showcased new compact engines that can be adapted to various fuels.

Wed, 29 May 2024 16:14:37 GMT

Gold recovery encounters resistance

The recovery of gold stopped at 2,360.00. The level held and caused a decline back to the 2,326.60/2,334.40 range that has acted as support. Economic Calendar Analysis On Thursday, at 12:30 GMT the publication of the United States Preliminary GDP and Unemployment Claims could impact the market via a move of the USD. On Friday, the top event of the week will take

Wed, 29 May 2024 16:09:41 GMT

USD/JPY shows signs of resuming the surge

In general, the pair is still near 157.00. However, a new hihg was booked at midnight to Wednesday at 157.40. In the meantime, during the morning hours of the day, the pair confimred that the 50 and 100-hour simple moving averages are acting as support. Economic Calendar On Thursday, at 12:30 GMT the publication of the United States Preliminary GDP and

Wed, 29 May 2024 15:39:21 GMT

GBP/USD bounced off 1.2800

The 1.2800 level has been reached as expected. It has acted as resistance and the scenario of a decline has been ongoing. At mid-Wednesday, the pair passed below the 200-hour simple moving average and the weekly simple pivot point near 1.2725. Next target was the 1.2700 mark Economic Calendar On Thursday, at 12:30 GMT the publication of the United States Preliminary

Wed, 29 May 2024 15:30:03 GMT

iPhone sales jump in China

Reuters has revealed that Chinese government data shows that in April iPhone sales in China surged by 52%.

Wed, 29 May 2024 15:25:16 GMT

EUR/USD fails to recover

On Monday the pair was once again approaching the 1.0875/1.0885 range. The range held and caused another decline of the pair that on Wednesday reached below the combination of the hourly moving averages and the weekly simple pivot point. Economic Calendar Analysis On Thursday, at 12:30 GMT the publication of the United States Preliminary GDP and Unemployment Claims could impact the market

Wed, 29 May 2024 15:02:30 GMT

Gold is back at support

The recovery of gold stopped at 2,360.00. The level held and caused a decline back to the 2,326.60/2,334.40 range that has acted as support. A recovery of the metal's price has to reach above 50 and 100-hour simple moving averages near 2,350.00 and the 2,360.00 mark. Higher above, the 200-hour SMA might act as resistance near 2,380.00, before teh 2,400.00

Wed, 29 May 2024 14:50:03 GMT

USD/JPY reveals new support

In general, the pair is still near 157.00. However, a new hihg was booked at midnight to Wednesday at 157.40. In the meantime, during the morning hours of the day, the pair confimred that the 50 and 100-hour simple moving averages are acting as support. A resumption of the prior surge of the Dollar against the Yen is set

Wed, 29 May 2024 14:35:07 GMT

GBP/USD bounced off 1.2800

The 1.2800 level has been reached as expected. It has acted as resistance and the scenario of a decline has been ongoing. At mid-Wednesday, the pair passed below the 200-hour simple moving average and the weekly simple pivot point near 1.2725. Next target was the 1.2700 mark If the 1.2700 level fails to hold, support could be looked for in

Wed, 29 May 2024 14:10:59 GMT

EUR/USD bounces off from 1.0875/1.0885

On Monday the pair was once again approaching the 1.0875/1.0885 range. The range held and caused another decline of the pair that on Wednesday reached below the combination of the hourly moving averages and the weekly simple pivot point. If the pair recovers, it might face resistance combination of the 50, 100 and 200-hour simple moving averages and the weekly

Wed, 29 May 2024 12:30:04 GMT

Kashkari wants progress on inflation

The President of the Minneapolis Federal Reserve Bank Neel Kashkari has stated to CNBC that the Fed needs to see more signs of declining inflation before a rate cut.

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