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The USD/JPY has continued to trade near the 144.00 mark. However, on Wednesday the rate booked a new high at 144.25. Meanwhile, previous scenarios remain relevant. An extension of the USD/JPY surge is expected to be slowed down by the combination of the weekly R1 simple pivot point at 144.61 and the 144.50 level. Higher above, note the 145.00 mark. On the
The 200-hour simple moving average provided enough resistance for the rate to start a decline. On Wednesday, the rate traded below the 50 and 100-hour simple moving averages near the 1.2720 level. An extension of the ongoing retracement downwards could result in the GBP looking for support against the US Dollar in the 1.2685/1.2700 range. Further below, note the weekly S1
The EUR/USD currency pair has declined down to the combined support of the 50, 100 and 200-hour simple moving averages at 1.0930. A resumption of the previous surge is expected to face resistance in the 1.0980 level, the weekly R1 at 1.0987 and the 1.1000 mark. Note that despite being pierced the 1.1000 mark caused the most recent decline of
International Business Machines Corporation has revealed this week that it would boost its cloud and automation capabilities by acquiring Apptio for $4.6 billion.
The price for gold continued to make attempts to pass the resistance of the 1,930.00 mark and the 1,932.25 level. However, it failed at mid-Tuesday. The price of gold dropped, as the USD strengthened and reached even below 1,915.00 Economic Calendar Analysis On Thursday, the US Gross Domestic Product release is highly likely going to impact the financial markets via an adjustment
Despite the Japanese government announcing measures to stop the decline of the Yen, on Tuesday the USD/JPY reached a new high level, as it reached 144.00. The surge was spotted to have been surging due to the support of the 50-hour simple moving average reaching the 143.50 mark. The combined strength caused a sharp surge. Economic Calendar On Thursday, the US Gross
The 200-hour simple moving average is stopping the Pound from surging higher against the US Dollar. The SMA is strengthening the 1.2750 level, which is most likely also providing its impact. In general, previous forecast scenarios remains relevant. Economic Calendar On Thursday, the US Gross Domestic Product release is highly likely going to impact the financial markets via an adjustment of the
The EUR/USD has continues its recovery. By mid-Tuesday, the rate had reached above the resistance levels near 1.0920. Economic Calendar Analysis On Thursday, the US Gross Domestic Product release is highly likely going to impact the financial markets via an adjustment of the USD value. On Friday, at 12:30 GMT, the US Core PCE Price Index is set to impact the US Dollar.
The price for gold continued to make attempts to pass the resistance of the 1,930.00 mark and the 1,932.25 level. However, it failed at mid-Tuesday. The price of gold dropped, as the USD strengthened and reached even below 1,915.00 In general, a bounce off from the most recent low level could result in the pair once again testing the 1,930.00 and
Despite the Japanese government announcing measures to stop the decline of the Yen, on Tuesday the USD/JPY reached a new high level, as it reached 144.00. The surge was spotted to have been surging due to the support of the 50-hour simple moving average reaching the 143.50 mark. The combined strength caused a sharp surge. An extension of the USD/JPY surge
The 200-hour simple moving average is stopping the Pound from surging higher against the US Dollar. The SMA is strengthening the 1.2750 level, which is most likely also providing its impact. In general, previous forecast scenarios remains relevant. A move above 1.2750 could encounter resistance in the 1.2800 mark and the weekly R1 simple pivot point at 1.2806. Above these levels,
The EUR/USD has continues its recovery. By mid-Tuesday, the rate had reached above the resistance levels near 1.0920. A continuation of the surge is expected to face resistance in the 1.0980 level, the weekly R1 at 1.0987 and the 1.1000 mark. Note that despite being pierced the 1.1000 mark caused the most recent decline of the Euro against the US
The recent rally of Tesla shares has caused a major wave of downgrades of stock price targets by Wall Street firms.
Deutsche Bank has revealed to its investors that some shares of Russian companies have become inaccessible.
The Wall Street Journal has reported that US retailers have been seeing a broad wave of receiving bomb threats. Callers have reportedly asked for payment to not detonate a potential bomb planted at a store.
S&P Global has decreased its forecast for the growth of the Chinese GDP in 2023 from 5.5% down to 5.2%.
The price of gold has revealed support at the 1,910.25 level. The support caused a recovery of the metal up to the 1,930.00 levels. However, the week as started at 1,925.00, before the 50-hour simple moving average acted as support and caused a move back up above 1,930.00. Economic Calendar Analysis This week, the pair could react to the release of US
The USD/JPY reached a new high level on Friday. On Monday, the pair was observed as descending in a consolidation, before most likely restarting its surge. The rate was looking for support in the combination of the 50-hour simple moving average, the weekly simple pivot point at 142.91 and the 143.00 mark. Economic Calendar This week, the pair could react to the
The GBP/USD is finding support in the 1.2685/1.2700 range. Meanwhile, it was observed on Monday that resistance was encountered in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2746. Economic Calendar This week, the pair could react to the release of US Durable Goods Orders on Tuesday at 12:30 GMT. On Thursday,
Worse than expected European country Purchasing Managers Indices caused a constant decline of the Euro from 07:00 GMT up to 08:00 GMT on Friday. The rate eventually started a recovery, which has reached back above 1.0900. However, it has been spotted that the EUR/USD is encountering resistance in the 200-hour simple moving average. Meanwhile, the 1.0900 was acting as support during
The price of gold has revealed support at the 1,910.25 level. The support caused a recovery of the metal up to the 1,930.00 levels. However, the week as started at 1,925.00, before the 50-hour simple moving average acted as support and caused a move back up above 1,930.00. An extension of the recovery could encounter resistance in the combination of the
The USD/JPY reached a new high level on Friday. On Monday, the pair was observed as descending in a consolidation, before most likely restarting its surge. The rate was looking for support in the combination of the 50-hour simple moving average, the weekly simple pivot point at 142.91 and the 143.00 mark. A move below 142.91 could almost immediately find
The GBP/USD is finding support in the 1.2685/1.2700 range. Meanwhile, it was observed on Monday that resistance was encountered in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2746. A move above 1.2750 could encounter resistance in the 1.2800 mark and the weekly R1 simple pivot point at 1.2806. Above these
Worse than expected European country Purchasing Managers Indices caused a constant decline of the Euro from 07:00 GMT up to 08:00 GMT on Friday. The rate eventually started a recovery, which has reached back above 1.0900. However, it has been spotted that the EUR/USD is encountering resistance in the 200-hour simple moving average. Meanwhile, the 1.0900 was acting as