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The EUR/USD has experienced a recovery, which has reached above the 1.0600 mark. Most recently, the currency pair encountered resistance in the 100-hour simple moving average. The recovery has occurred due to the ECB 0.50% base interest rate hike. Namely, funds are flowing into Euro denominated investments, adjusting to the new rate. Economic Calendar Analysis During the following week, all attention of the
The price for gold has found support in the 1,915.00 level and the 50-hour simple moving average. The event was followed by a surge, which by the middle of Friday's trading had pierced the January high level at 1,949.00. A move above 1,949.00 and 1,950.00 might stop at the February high level at 1,960.00. Higher above, note the upper trend line
The USD/JPY passed below the support zone at 132.50 on Thursday. However, support was provided by the weekly S2 simple pivot point near 131.75. Afterwards, the rate shortly recovered to the resistance of the 100-hour simple moving average, before resuming its decline. On Friday, the pair had once again reached below 132.50. In the near term future, the pair might once
The GBP/USD found support in the 200-hour simple moving average and stared a recovery. By the middle of Friday's trading, the pair had reached above the 1.2100 mark and the 50 and 100-hour simple moving averages. A move higher by the pair might encounter resistance in the early February high level at 1.2200. Higher above, note the 1.2250 level and the
The EUR/USD has experienced a recovery, which has reached above the 1.0600 mark. Most recently, the currency pair encountered resistance in the 100-hour simple moving average. A decline of the pair could look for support in the 1.0600 mark and the 50-hour simple moving average. Meanwhile, the rate did not find support in the 200-hour SMA and the weekly
The Swiss banking group Credit Suisse has revealed that the 50 billion CHF received from the Swiss National Bank would allow the bank to continue its ongoing reforms.
The stock price of First Republic Bank has continued to decline despite the rescue deal done by JPMorgan Chase, the Federal Reserve and the US Treasury for 11 firms to deposit $30 billion at the failing bank.
Reuters has reported that the European Central Bank confidently hiked its base interest rate by 0.50% due to the Swiss National Bank bailing out Credit Suisse.
Tyson Foods has announced that it would close two chicken processing plants in the US. By doing so the company would fire 1,700 workers.
The US head of KPMG Paul Knopp has stated that the accounting company would stand by its audits of the Silicon Valley Bank and Signature Bank.
US Senator Elizabeth Warren has stated that Jerome Powell should recuse himself from the review of the recent bank failures. The Senator stated that the Fed Chairman's actions had directly contributed to the situation.
The stock price of Credit Suisse has reached a new low level, as the biggest backer of the bank has announced that he can no longer increase its stake in the bank.
Reuters reported before the European Central Bank rate announcement that the news agency's sources expect the central bank to stick to big base interest rate increases.
The Crypto exchange Binance has revealed that it would halt deposits and withdrawals in GBP starting from May 22.
The crash of Credit Suisse stock price has caused a run to safety. On Gold charts it has resulted in a surge up to the 1,930.00 level. Economic Calendar Analysis This week, scheduled events are over. Next week, the top event of them all is set to take place. On Wednesday, at 18:00 GMT, the US Federal Reserve is set to hike its
The resistance of the 135.00 mark has held and the pair has declined to the support zone near 132.50. The decline is being attributed to a broader run to safety. The run to safe assets has been caused by the crash of Credit Suisse. Economic Calendar This week, scheduled events are over. Next week, the top event of them all is set to
The US Dollar has resumed it broader surge. On the GBP/USD charts it has resulted in a bounce off from the resistance of the 1.2200 level and a decline. By the middle of Wednesday's European trading hours, the currency pair had reached 1.2050. Economic Calendar Next week, the currency might react to the release of the UK Consumer Price Index on Wednesday
The EUR/USD is dropping due to crash of the European banking stock prices. A major run to safety is occurring. From a technical analysis perspective the pair has dropped to the support levels below 1.0550. Economic Calendar Analysis On Thursday, the EUR/USD is set to react to the expected 0.50% European Central Bank Main Refinancing Rate hike at 13:15 GMT. The ECB
The crash of Credit Suisse stock price has caused a run to safety. On Gold charts it has resulted in a surge up to the 1,930.00 level. A move higher might be slowed down by round price levels, before the commodity price tests historical high levels. Namely, the January and February high levels are expected to act as resistance at 1,949.00
The resistance of the 135.00 mark has held and the pair has declined to the support zone near 132.50. The decline is being attributed to a broader run to safety. The run to safe assets has been caused by the crash of Credit Suisse. A move below 132.50 could look for support in the 132.00 mark and the weekly S2
The US Dollar has resumed it broader surge. On the GBP/USD charts it has resulted in a bounce off from the resistance of the 1.2200 level and a decline. By the middle of Wednesday's European trading hours, the currency pair had reached 1.2050. An extension of the ongoing decline might look for support in the combination of the 1.2000 mark, the
The EUR/USD is dropping due to crash of the European banking stock prices. A major run to safety is occurring. From a technical analysis perspective the pair has dropped to the support levels below 1.0550. A move below the support levels near 1.0540 could look for support in the 1.0500 mark, prior to approaching the 1.0450 level and the weekly
The Facebook parent company has continued to lay off employees, as it has fired additional 10,000 workers.
The stock price of Credit Suisse has reached a new record low level, as the biggest backer of the bank has announced that he can no longer increase its stake in the bank. The Chairman of the Saudi National Bank Ammar Al Khudairy stated on Wednesday that an increasing of the stake in Credit Suisse would bring their holding above