Forex Market News and Analysis

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.

Wed, 02 Aug 2023 12:30:04 GMT

CVS fires employees

The United States pharmacy company CVS Health is set to get rid of 5,000 jobs, as reported by the Wall Street Journal.

Wed, 02 Aug 2023 10:30:03 GMT

Toyota doubles profit

In the first quarter of 2023, Toyota Motor Corporation has managed to double its quarterly profit due to larger productivity and sales. In addition, the company's profits have increased due to the weak Japanese Yen, as costs are paid out in Yen, but most income is in foreign currency.

Wed, 02 Aug 2023 08:30:04 GMT

Meta creates new chatbots

Financial Times has revealed to the world that Meta is preparing to create new AI chatbots in an attempt to retain users.

Wed, 02 Aug 2023 07:22:24 GMT

Crude oil demand boosts prices

US oil prices have surged during this week due to the official US inventory data revealing that US crude oil stocks have dropped by 15.4 million barrels, compared to the expected decline of only 1.37 million barrels. Note that the high demand appears to be priced in already, as the price for US light crude oil has surged almost 23.00% since

Wed, 02 Aug 2023 06:30:04 GMT

China issues orders to banks

Reuters has reported that Chinese authorities have asked banks to decrease or delay buying of US Dollars to reduce pressure on the Yuan.

Tue, 01 Aug 2023 19:27:43 GMT

Chinese stocks break descending trend

For most of 2023, as the USA tightened their policy and set export sanctions on China, the Chinese government continued to ease its policy and weakened the Yuan and the Chinese stocks. As a result, the Chinese top 50 stock index declined in a channel down pattern. The decline has ended due to a fundamental and a technical

Tue, 01 Aug 2023 19:14:15 GMT

EUR/JPY tests high level

In general, the surge of the USD/JPY has been caused by the weakness of the Japanese Yen. Namely, the Bank of Japan has kept its monetary policy easy, as it does not have to fight inflation. The US Federal Reserve has hiked interest rates and increased demand for the USD. The equation is simple. However, it is not the

Tue, 01 Aug 2023 18:47:51 GMT

Gold approaches 1,940.00

The price for gold reversed from the 1,972.40 level on Monday. There is no technical reason for the reversal. However, it can be attributed to a broader strengthening of the US Dollar. The decline eventually reached below the last week's low level and the 1,942.00 level. It appeared on Tuesday, that the metal is set to look for support either

Tue, 01 Aug 2023 18:43:16 GMT

USD/JPY surges higher

The USD/JPY has broken the resistance of the 143.00 mark. The rate had reached the 143.50 level by the second part of Tuesday's European trading. Economic Calendar On Thursday, watch out for the Bank of England's expected rate hike at 5.25%. It is possible that not only the GBP pairs, but other financial instruments could adjust to the continuation of rate increases. On

Tue, 01 Aug 2023 18:36:22 GMT

GBP/USD decline respects pivot point

The GBP/USD ended its sideways consolidation with a decline. By mid-Tuesday, the decline had reached below the 1.2750 level and had almost touched the weekly S1 simple pivot point at 1.2740. Economic Calendar On Thursday, watch out for the Bank of England's expected rate hike at 5.25%. It is possible that not only the GBP pairs, but other financial instruments could adjust

Tue, 01 Aug 2023 18:24:49 GMT

EUR/USD declines and passes support levels

The EUR/USD has bounced off the combined resistance of the weekly simple pivot point and the 100-hour simple moving average, before reaching the 1.1050 level. The following decline has reached below the 1.0960 level during mid-Tuesday trading. Economic Calendar Analysis On Thursday, watch out for the Bank of England's expected rate hike at 5.25%. It is possible that not only the

Tue, 01 Aug 2023 17:54:13 GMT

Gold reaches new low level

The price for gold reversed from the 1,972.40 level on Monday. There is no technical reason for the reversal. However, it can be attributed to a broader strengthening of the US Dollar. The decline eventually reached below the last week's low level and the 1,942.00 level. It appeared on Tuesday, that the metal is set to look for support

Tue, 01 Aug 2023 17:27:27 GMT

USD/JPY manages to break resistance

The USD/JPY has broken the resistance of the 143.00 mark. The rate had reached the 143.50 level by the second part of Tuesday's European trading. A continuation of the ongoing USD surge against the Japanese Yen is expected to face resistance in the 144.00 mark and the weekly R2 simple pivot point at 144.09. Higher above, note the 145.00

Tue, 01 Aug 2023 17:10:49 GMT

GBP/USD declines as low as 1.2750

The GBP/USD ended its sideways consolidation with a decline. By mid-Tuesday, the decline had reached below the 1.2750 level and had almost touched the weekly S1 simple pivot point at 1.2740. In the case of a decline below 1.2740, the rate is expected to look for support in two zones. There are support and resistance zones at 1.2722/1.2727 and

Tue, 01 Aug 2023 16:59:15 GMT

EUR/USD returns back below 1.1000

The EUR/USD has bounced off the combined resistance of the weekly simple pivot point and the 100-hour simple moving average, before reaching the 1.1050 level. The following decline has reached below the 1.0960 level during mid-Tuesday trading. An extension of the ongoing decline is highly likely going to look for support in the 1.0935/1.0950 range, before approaching the weekly S1

Tue, 01 Aug 2023 15:56:03 GMT

Toyota doubles profit

In the first quarter of 2023, Toyota Motor Corporation has managed to double its quarterly profit due to larger productivity and sales. In addition, the company's profits have increased due to the weak Japanese Yen, as costs are paid out in Yen, but most income is in foreign currency. The news have caused a 2.30% jump of the company's stock

Tue, 01 Aug 2023 14:30:07 GMT

Lamborghini could reach record sales

The Chief Executive Officer of Lamborghini Stephan Winkelmann has stated that the company could sell 10,000 cars during 2023.

Tue, 01 Aug 2023 12:30:04 GMT

SEC offered deal to Coinbase

Financial Times has reported that the Securities and Exchange Commission had requested Coinbase to stop all crypto trading, except Bitcoin. The exchange denied the request and the SEC sued it in June.

Tue, 01 Aug 2023 10:30:04 GMT

Oil books major gains

Crude oil prices have shown monthly gains not seen for more than a year, as in July prices were boosted by Saudi Arabian production cuts and increased global demand.

Tue, 01 Aug 2023 06:30:05 GMT

China limits drone exports

Amidst tensions with the United States Chinese government has implemented export controls on drones and drone related equipment to safeguard its national interests.

Mon, 31 Jul 2023 17:56:22 GMT

Gold finds support in 50-day SMA

The price of Gold plummeted last week due to the US Federal Reserve rate hike. The rate declined as low as 1,942.50/1,943.40, where it found support. Since the event, the price has managed to break the 50, 100 and 200-hour simple moving averages. At mid-Monday, the commodity had reached above 1,970.00. Economic Calendar Analysis This week, the rate could be impacted by

Mon, 31 Jul 2023 17:49:36 GMT

USD/JPY surges, traders go short

The USD/JPY currency pair has reached the resistance of the 142.70/143.10 range. In addition, it is assumed that the weekly R1 is also acting as resistance. Meanwhile, mid-Monday, support was found in the 142.00 level. Economic Calendar This week, the rate could be impacted by the publication of the US ISM Manufacturing PMI and the JOLTS Job Openings on Tuesday at 14:00

Mon, 31 Jul 2023 17:38:47 GMT

GBP/USD consolidates near 1.2850

The GBP/USD currency exchange rate has been trading around the 1.2850 mark since mid-Friday. Support is found in the 1.2830/1.2840 range and the 50-hour simple moving average. Resistance is provided by the 1.2870/1.2890 zone, which is strengthened by the weekly simple pivot point at 1.2868 and the 100 and 200-hour simple moving averages. Economic Calendar This week, the rate could be impacted

Mon, 31 Jul 2023 17:32:17 GMT

EUR/USD recovers above 1.1000

The EUR/USD has surged above the 1.1000 mark. On Monday, the pair traded in the 1.1005/1.1045 range. It was observed to be ignoring the 50 and 100-hour simple moving averages, the weekly simple pivot point at 1.1035 and the support and resistance range at 1.1020/1.1040. Economic Calendar Analysis This week, the rate could be impacted by the publication of the US

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