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 USD/CAD pair was declining last week, until the US Federal Reserve policymakers revealed in interviews, how they are preparing for base interest rate hikes that are set to increase the demand for the US Dollar. Due to that reason a surge started, which on Monday had already reached the 1.2750 mark. Note that all such type of fundamental events
The GBP/JPY lost the support of the 167.00 mark and plummeted, during last week's trading. Moreover, on Monday, the rate passed the support line, which connects the April low levels. A continuation of the decline of the Pound against the Japanese Yen might aim at the weekly S2 simple pivot point at 162.23, the 162.00 mark and the 161.00 level. Meanwhile,
The resistance zone at 0.7450 was strong enough to cause a sharp decline of the AUD/USD pair below all noteworthy support levels. The rate sharply plummeted, as by April 25 the rate had reached the 0.7150 level. By doing so, the rate had passed below the March low level at 0.7170. A continuation of the decline of the pair would have
Last week, the EUR/JPY currency pair failed to pass the resistance of the 140.00 mark. Afterwards, a decline started, which by the middle of Monday's European trading hours had reached the 137.20 level. In regards to the near term future, a potential decline of the pair would most likely look for support in the 136.90/137.10 zone and the weekly
Reuters revealed on Friday that the Japanese government intends to increase gas subsidies and increase the country's reserves.
During Monday's early trading hours, the US Dollar index touched the 101.75 mark. Most recently the currency has reached levels not seen since the 2020 coronavirus crash.
On Friday, Renault revealed that in the first quarter of 2022 the company had experienced a decline in sales due to the Russian invasion of Ukraine.
The head of the International Monetary Fund Kristalina Georgieva announced this week that a continuation in the slowdown of the Chinese economy might spill over into the global economy.
This week, Reuters published a report, which stated that the global tourism is expected to recover from the pandemic by the start of 2023.
The Japanese government revealed this week that the country's economy appears to be recovering, as the COVID-19 measures have been lifted.
For the first time in two years industrial manufacturing in Shanghai has declined, as coronavirus lockdowns had halted production.
This week, the US jobless claims declined, as the unemployment claim number hit the smallest number in 52 years. The data indicates that there is a shortage of labour in the United States.
At 06:00 GMT, the UK statisticians revealed that the monthly retail sales had declined in the UK by 1.4% instead of the expected 0.3%. Namely, there is a lot less demand for the GBP in the local economy. The GBP/USD reacted to the news with a drop of 115 base points or 0.88% in an hour and half after the
At 06:00 GMT, the UK statisticians revealed that the monthly retail sales had declined in the UK by 1.4% instead of the expected 0.3%. Namely, there is a lot less demand for the GBP in the local economy.
The situation on the chart for gold has not changed. Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Previous analysis remains relevant. Economic Calendar Analysis There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. XAU/USD short-term forecast In
The USD/JPY made three attempts at passing the resistance zone at 128.47/128.68. On Friday morning, the rate clearly bounced off the resistance zone, as it passed below the support of the 50 and 100-hour simple moving averages and the 128.00 mark. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published on
Since the middle of Thursday's trading up to the morning hours of Friday, the GBP/USD currency pair traded near the 1.3020 level. Due to that reason, the previous forecast scenarios remained relevant. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. GBP/USD short-term review A decline of the Pound against the
The April high level zone at 1.0920/1.0938 provided resistance to the EUR/USD currency exchange rate. The event was followed with a decline to the weekly simple pivot point at the 1.0832 level. In the meantime, on Friday morning it was spotted that the rate was finding resistance in the 50-hour simple moving average. Economic Calendar Analysis On Friday, at 07:30 GMT, the
On Thursday, the Euro started a recovery against peer currencies, as ECB policymakers made comments that they are considering base rate hikes.
The situation on the chart for gold has not changed. Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Previous analysis remains relevant. In the near term future, a potential decline of the price for gold might look for support in the 1,940.00, 1,930.00 and 1,920.00 levels, before
The USD/JPY made three attempts at passing the resistance zone at 128.47/128.68. On Friday morning, the rate clearly bounced off the resistance zone, as it passed below the support of the 50 and 100-hour simple moving averages and the 128.00 mark. A continuation of the decline of the US Dollar, compared to the Japanese Yen, the currency pair might look for
Since the middle of Thursday's trading up to the morning hours of Friday, the GBP/USD currency pair traded near the 1.3020 level. Due to that reason, the previous forecast scenarios remained relevant. A decline of the Pound against the US Dollar might look for support in the 1.3000 mark and the April low level zone at 1.2975/1.2990. Meanwhile, a move above the
The April high level zone at 1.0920/1.0938 provided resistance to the EUR/USD currency exchange rate. The event was followed with a decline to the weekly simple pivot point at the 1.0832 level. In the meantime, on Friday morning it was spotted that the rate was finding resistance in the 50-hour simple moving average. If the Euro manages to surge against
Dear Dukascopy clients, note that the requirements for equity are bound to change during the weekend. Please, adjust your positions accordingly to avoid unexpected margin calls. Maximum available leverage for the weekends and other market closure days is set to 1:30 (1:60 for accounts with maximum leverage of 1:200). The purpose of this policy is to mitigate risks caused by potential