Forex Market News and Analysis

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Thu, 13 Apr 2023 11:48:22 GMT

Gold is back at 2023 highs

The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. The price of gold reacted to the news with high volatility, before starting a surge. By the middle of Thursday's trading, the

Thu, 13 Apr 2023 11:35:34 GMT

USD/JPY is squeezed in between SMAs

The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. Due to the news, the rate declined to the support of the 133.00 level and the 100-hour simple moving average. Meanwhile, it

Thu, 13 Apr 2023 11:29:29 GMT

GBP/USD faces resistance near 1.2520

The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. On the GBP/USD charts it resulted in a surge, which by mid-Thursday was testing the resistance of the April high level

Thu, 13 Apr 2023 11:22:32 GMT

EUR/USD approaches January high

The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. As a result, the EUR/USD currency pair has surged. By the middle of Thursday's trading, the pair was above 1.1025. Economic Calendar Analysis On

Thu, 13 Apr 2023 10:56:18 GMT

Gold is back near 2,030.00

The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. The price of gold reacted to the news with high volatility, before starting a surge. By the middle of Thursday's trading, the

Thu, 13 Apr 2023 10:23:55 GMT

USD/JPY reacts to US CPI

The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. Due to the news, the rate declined to the support of the 133.00 level and the 100-hour simple moving average. Meanwhile,

Thu, 13 Apr 2023 10:10:36 GMT

GBP/USD tests resistance zone

The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. On the GBP/USD charts it resulted in a surge, which by mid-Thursday was testing the resistance of the April high level zone

Thu, 13 Apr 2023 09:49:00 GMT

EUR/USD reaches above 1.1000

The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. As a result, the EUR/USD currency pair has surged. By the middle of Thursday's trading, the pair was above 1.1025. A

Thu, 13 Apr 2023 09:30:07 GMT

Binance delists tokens

The cryptocurrency exchange Binance.US has announced that it would delist Tron and Spell tokens.

Thu, 13 Apr 2023 06:30:09 GMT

Cineworld implements restructuration

The UK cinema operator Cineworld has announced a new restructuring plan that would include a bankruptcy, which is expected to wipe out shareholder value.

Wed, 12 Apr 2023 15:30:07 GMT

Boeing reveals targets

Boeing Company has revealed that it expects to return to 2019 737 MAX jet production numbers in 2025.

Wed, 12 Apr 2023 12:57:29 GMT

United States publish inflation data

The US Bureau of Labor Statistics has just published the monthly Consumer Price Index data sets. Consumer Price Index month on month, which was expected to be at 0.2%, is actually 0.1%, Consumer Price Index year on year, which was expected to be at 5.1%, is actually 5.0% Core Consumer Price Index month on month, which was expected to be at

Wed, 12 Apr 2023 12:33:55 GMT

United States publish inflation data

The US Bureau of Labor Statistics has just published the monthly Consumer Price Index data sets. Consumer Price Index month on month, which was expected to be at 0.2%, is actually 0.1%, Consumer Price Index year on year, which was expected to be at 5.1%, is actually 5.0% Core Consumer Price Index month on month, which was expected to be at 0.4%,

Wed, 12 Apr 2023 12:30:07 GMT

Alibaba shows off AI

The Chinese conglomerate Alibaba has joined in the AI tech hype, as the company has showed off its Ai that should be implemented in various apps.

Wed, 12 Apr 2023 09:30:05 GMT

Chinese prices decline

In China consumer and factory prices have reportedly declined, as low demand has caused a price drop not seen since June 2020.

Wed, 12 Apr 2023 06:30:07 GMT

Credit Suisse employees comment on cuts

The Swiss Bank Employees Association has announced that Credit Suisse and UBS should stop firing employees despite the emergency merger.

Tue, 11 Apr 2023 14:30:08 GMT

Oil reacts to Chinese stimulus

Crude oil price benchmarks surged on Tuesday, as the Chinese government announced stimulus, which is expected to increase demand for energy products.

Tue, 11 Apr 2023 12:30:07 GMT

Dollar declines to prior levels

During Tuesday's Asian trading hours, the US Dollar index declined back to early Monday's levels and erased prior gains.

Tue, 11 Apr 2023 11:27:28 GMT

Gold trades near 2,000.00

The price for Gold retreated below 2,000.00 on Monday, before finding support in the combination of the 1,990.00 level and the 200-hour simple moving average. At mid-day on Tuesday, the commodity price was testing the resistance of the 2,000.00/2,010.00 range. Economic Calendar Analysis On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is

Tue, 11 Apr 2023 11:24:18 GMT

USD/JPY finds support in 133.00

The USD/JPY currency pair's surge appears to have bounced off the 134.00 mark. The following decline has approached and found support at 133.00. Meanwhile, the rate is being approached by the 50-hour simple moving average. Economic Calendar On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's

Tue, 11 Apr 2023 11:18:17 GMT

GBP/USD recovers losses

The GBP/USD has found support in the 1.2350 level. The event has been followed up with a surge to the 1.2450 mark. Economic Calendar On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value. On the same day, at 18:00 GMT, the US Federal Reserve Meeting

Tue, 11 Apr 2023 11:15:11 GMT

EUR/USD remains near 1.0900

The EUR/USD revealed a support zone below 1.0840 on Monday. The support zone was enough to cause a surge, which by mid-Tuesday had managed to reach above the technical levels near 1.0900. Economic Calendar Analysis On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value. On

Tue, 11 Apr 2023 10:53:30 GMT

Gold trades near 2,000.00

The price for Gold retreated below 2,000.00 on Monday, before finding support in the combination of the 1,990.00 level and the 200-hour simple moving average. At mid-day on Tuesday, the commodity price was testing the resistance of the 2,000.00/2,010.00 range. A move above 2,010.00 might encounter resistance in round price levels, before reaching the 2,050.00 mark. On the other hand, a

Tue, 11 Apr 2023 10:35:17 GMT

USD/JPY respects round levels

The USD/JPY currency pair's surge appears to have bounced off the 134.00 mark. The following decline has approached and found support at 133.00. Meanwhile, the rate is being approached by the 50-hour simple moving average. A decline below 133.00 and the 50-hour SMA might look for support in the 132.50 level and the 200-hour simple moving average. Further below, the weekly

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