A UNIQUE FOREX BROKER WITH TIGHT SPREADS OFFERING MT4 | CTRADER | FIX API | PAMM | CUSTOM LIQUIDITY

ANALYZE THIS...

Trading in the FX Market is more than just plotting indicators and placing an EA on a chart. Fundamentals are the catalyst and the driving force behind price moves, and if you aren’t keeping your ear to the ground, any one of a myriad of news events can seriously ruin your day. Bookmark this page to stay up-to-date on trending news and upcoming news events that affect your trading.

FOMC to press on with hikes, cautiously

Beginning with their central view on the economy, Vice Chair Clarida made clear that US economic momentum remains “robust, as indicated by strong growth in gross domestic product (GDP) and a job market that has been surprising on the upside for...

READ MORE

US Dollar Tests Trend-Line Support Ahead of FOMC Minutes

The US Dollar’s bullish trend has finally found some resistance off of the 97.50 level, and this was helped in-part by a speech from FOMC Chair, Jerome Powell yesterday. In that speech, Mr. Powell shared a differing view on the Fed’s proximity to...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 29.11.2018

EUR/USD: Neutral: Risk of a short-term bottom has increased;GBP/USD: Neutral: GBP could move below the year-to-date low of 1.2662; AUD/USD: Neutral: Prospect of 0.7199 as a short-term bottom is quite high...

READ MORE

Fed's Powell: Estimates of neutral policy rate, maximum employment highly uncertain

Estimates of neutral policy rate, maximum employment highly uncertain; Gradual rate hikes meant to keep risks at bay, learning ...

READ MORE

EUR/USD: On the defensive

Analyst at Commerzbank, suggests that the EUR/USD has seen a slight erosion of the 1.1300 August and October lows and the market needs to overcome the current November high at 1.1500 to alleviate immediate downside pressure and...

READ MORE

Forex Today - Sterling falls on Brexit vote worries, Trump weighs in

U.S stock futures are lower; along with European shares while gains in Asian equities were capped overnight after President Trump’s comments on further Chinese tariff hikes casted doubt on an ending to a trade war between the worlds two largest economies...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -27.11.2018

EUR/USD: Neutral: EUR to trade sideways for now; GBP/USD: Neutral: Diminished prospect of GBP making fresh 2018 low; AUD/USD: Neutral: Short-term top in place; AUD to trade sideways for now...

READ MORE

EUR/USD: Dragged down by the marked divergence in growth momentum

Analysts at Danske Bank explain that the EUR/USD has been dragged down by the marked divergence in growth momentum still visible in PMIs on Friday and cyclical dispersion is set to remain a key factor near term...

READ MORE

FOREX Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 26.11.2018

EUR/USD: Neutral: EUR to trade sideways for now; GBP/USD: Neutra: Diminished prospect of GBP making fresh 2018 low; AUD/USD: Neutral: Short-term top in place; AUD to trade sideways for now...

READ MORE

Dollar Higher as Trade War Concerns Fuel Risk Aversion

The dollar was higher on Friday against most major pairs. The greenback gained the most against the EUR as disappointing PMI surveys and the uncertain future of the Brexit deal ahead of the weekend took its toll on the single currency...

READ MORE

Bank of England: Waiting on Brexit

"If - and it's a very big if - the British Prime Minister can defy the odds and persuade parliament to approve her Brexit deal in December, then we think this would keep the Bank on-track to hike rates in May 2019, potentially followed by a second increase in November," explain ING analysts...

READ MORE

EUR/USD tumbles back closer to weekly lows on dismal Euro-zone PMIs

After an initial uptick to 1.1420 region, the EUR/USD pair met with some aggressive supply and tumbled to the lower end of its weekly trading range. The shared currency's sudden collapse of over 50-pips during the early...

READ MORE

UK PM May Spokesman: UK has no further demands in Brexit negotiations ahead of EU summit

British Prime Minister Theresa May's spokesman crossed the wires in the last hour saying that the UK had no further demands in Brexit negotiations ahead of the EU summit on Sunday.

READ MORE

Gold moves back closer to Wednesday’s 2-week tops

Gold prices edged higher on Thursday and moved within striking distance of two -week tops set in the previous session. A combination of supporting factors helped the precious metal to...

READ MORE

ECB Minutes to reveal little detail about future policy

Recent rhetoric from the Governing Council has suggested that the December meeting will be...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 21.11.2018

EUR/USD: Neutral : Upward pressure has eased; EUR to trade sideways for now; GBP/USD: Neutral: Prospect of a fresh low for the year has increased;AUD/USD: Neutral: Short-term top in place; AUD to trade sideways for now...

READ MORE

Forex Today: Antipodeans bounce amid quiet Asia, European politics in spotlight

The US dollar consolidated the overnight bounce across the board in Wednesday’s Asian trading, as most majors breathed a sigh of relief. The Antipodeans benefited the most amid a bounce in oil prices while the Loonie traded better bid near the 1.33 handle. The Aussie extended the...

READ MORE

EUR/USD Technical Analysis: Early Wednesday buyers should watch out for falling bears

After the EUR/USD's fantastic decline on Tuesday, the pair is seeing a mild bounceback into the 1.1385 region, though major intraday resistance rests at the 38.2% Fibo level of yesterday's contraction sits in confluence with the 1.1400 handle...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 20.11.2018

EUR/USD: Neutral: Rebound in EUR could extend further to 1.1500; GBP/USD: Neutral Prospect of a fresh low for the year has increased;AUD/USD: Neutral: Next level to focus on is at 0.7380...

READ MORE

Forex Today: Aussie weakest in Asia risk-off, eyes on BOE inflation report hearings

Forex today in Asia witnessed risk-off market profile for the second day in a row this Monday, as the Asian stocks tracked the heavy losses in their Wall Street counterparts. Amid risk-aversion, the Aussie was the biggest loser while the Yen recovered ground and...

READ MORE

Fed's Williams: Fed to continue hiking rates along gradual path

Additional comments from New York Fed President continue to cross the wires.

READ MORE

Gold ticks lower to $1220, though downside remains limited

Gold came under some fresh selling pressure at the start of a new trading week and eroded a part of Friday's strong up-move to over one-week tops. The Fed Vice Chairman Richard Clarida's dovish comments on Friday, saying that...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (19.11.2018)

EUR/USD: Neutral- Rebound in EUR could extend further to 1.1500. GBP/USD: Neutral: Prospect of a fresh low for the year has increased; GBP/USD: Neutral- Prospect of a fresh low for the year has increase; AUD/USD: Neutral- Next level to focus on is at 0.7380...

READ MORE

Dollar Lower Ahead of Crucial Week for Brexit and Italian Budget

The US dollar is weaker across the board on Friday. The comments from U.S. Federal Reserve Vice-Chair Richard Clarida on interest rates nearing a neutral rate were dollar negative. Rising optimism about the US-China trade disagreement also depreciated the greenback as investors exited the...

READ MORE

Draghi’s speech: Slowdown has raised questions about strength of growth outlook

The European Central Bank (ECB) President Draghi is on the wires now, via Reuters, delivering the keynote speech at the Frankfurt European Banking Congress. Key Headlines:

READ MORE

FOREX Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (16.11.2018)

EUR/USD: Neutral - Downward pressure has eased, EUR to trade sideways; GBP/USD: Neutral: Prospect of a fresh low for the year has increased;AUD/USD: Neutral- October’s peak of 0.7315 is back in sight...

READ MORE

EUR/USD – Euro ticks lower, investors eye U.S retail sales

EUR/USD has posted slight losses on Thursday session, wiping out the gains seen on Wednesday. In the European session, the pair is trading at 1.1299, down 0.10% on the day. On the release front, the sole indicator is eurozone trade balance...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (15.11.2018)

EUR/USD: Neutral: Diminished odds for a break of 1.1200; GBP/USD: Neutral : GBP is likely trading within a broad range; AUD/USD: Neutral ;October’s peak of 0.7315 is back in sight...

READ MORE

Gold Prices May Fall on US CPI Uptick, Hawkish Powell Comments

Gold prices struggled for meaningful upside progress despite a weaker US Dollar, which typically boosts anti-fiat demand for the yellow metal. That might reflect traders’ unwillingness to commit ahead of key event risk on the horizon...

READ MORE

EUR/USD gyrates around 1.1300 ahead of EMU GDP, US CPI

The European currency is looking to add to Tuesday’s rebound, prompting EUR/USD to return to the 1.1300 neighbourhood. EUR/USD looks to Brexit, Italy, data...now struggling to advance further north of the 1.1300 handle...

READ MORE

FX Today: Pound sees two-way trading in Asia, Eyes on German GDP, Brexit Cabinet meeting, UK CPI

The US dollar profit-taking was the key underlying theme in Asia this Wednesday, in response to the increased demand for the GBP and Euro on a potential Brexit deal. The GBP/USD pair jumped to 1.3050 in early trades on reports that the key UK Cabinet Ministers will support the...

READ MORE

Forex Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 13.11.2018

EUR/USD: Neutral - Break of 1.1200 could open up the way for further rapid drop.GBP/USD: Neutral - Still in range but risk of a break of 1.2800 has increased. AUD/USD: Neutral - Diminished odds for further AUD strength...

READ MORE

Forex Today: Risk rebounds on easing US-China trade woes; UK wages, ZEW – Key

Forex Today witnessed a major turnaround in the risk sentiment in Tuesday’s Asian trading, in response to the latest report that China’s Vice Premier is heading to the US soon to bring out a resolution on the US-China trade talks. Markets believed this move by China could pave...

READ MORE

US Dollar Flying High on Hawkish Fed Statement

The US dollar rose against most major pairs on Friday. Only the Japanese yen was able to gain against the mighty greenback. The FOMC statement eased concerns that the Fed would hint at a pause in its tightening of monetary policy. The lack of changes, and given that there was no...

READ MORE

GBP/USD challenges 1.3000 post-UK data

The selling bias around the British Pound remains well and sound during the second half of the week, although some decent contention turned up in the sub-1.30 area for GBP/USD, session lows. GBP/USD looks to Brexit headlines for direction...

READ MORE

USD/JPY retreats further from 5-week tops, at low point of the day

The USD/JPY pair traded with a mild negative bias through the Asian session on Friday and eroded a part of previous session strong up-move to five-week tops. Resurgent US Dollar demand on Thursday helped the pair to build on the previous session's goodish rebound from...

READ MORE

EUR/JPY Technical Analysis: Upside capped by the 200-day SMA at 130.21

The recovery in the cross met strong resistance in the boundaries of the key 200-day SMA at 130.2, provoking failure and the ongoing knee-jerk after five consecutive daily advances. Immediate target on the upside remains ...

READ MORE

Forex Today: US dollar extends post-US election recovery ahead of FOMC decision

Forex today in Asia was characterised by minimal volatility and tight trading ranges, as the dust settled over the US mid-term elections aftermath. The US dollar staged a solid comeback across its major rivals, having almost reversed a Democrats win induced sell-off seen a day before...

READ MORE

Crude Oil Technical Analysis: Black Gold continues its descent as bearish EIA data sends WTI to $61.00 a barrel

Crude oil is trading in a strong bear trend below the 50, 100 and 200-period simple moving average on the 4-hour chart. In reaction to the EIA data, oil lost almost $1 in a few minutes...

READ MORE

FOMC: No urgency to raise policy rates

Analysts at National Bank Financial, suggest that today’s Fed rate setting meeting will be held on the heel of a month characterised by both global and domestic stock market weakness, which has contributed to some tightening of ...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY ( 07.11.2018)

EUR/USD: Neutral : Immediate bias is for EUR to probe the top of the expected 1.1330/1.1490 consolidation range; GBP/USD: Neutral: Rebound could extend further but a break of 1.3190 would be surprising; AUD/USD: Neutral : Scope for AUD to test the key and critical 0.7260 resistance...

READ MORE

Gold turns higher for the day, up little around $1235 level

Gold reversed an early dip to sub-$1230 level and is now holding with modest daily gains, recovering the downtick witnessed over the past two trading sessions. The prevalent cautious mood across global financial markets, ahead of the US midterm elections, turned out to...

READ MORE

Forex Today: US dollar better bid heading into the US mid-term elections

Forex today in Asia was a quiet affair today, with most majors sticking to tight trading ranges, as the investors trade with caution in the run up to the US mid-term elections showdown later on Tuesday. The US dollar traded on the front against its major rivals, but the bulls...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (05.11.2018)

EUR/USD: Immediate bias is for EUR to probe the top of the expected 1.1330/1.1490 consolidation range.;GBP/USD: Rebound in GBP has room to extend higher to 1.3100; AUD/USD: Scope for AUD to test the key and critical 0.7260 resistance...

READ MORE

FX Today: GBP – a big mover in Asia on mixed Brexit news, focus on UK services PMI

The overnight Brexit deal rhetoric prompted a bullish opening gap in the Cable, as the pound bounced to 2-week highs to near 1.3050 level vs. the greenback. The opening jump was quickly reversed and the spot gave up the...

READ MORE

Strong Fundamentals Boost Dollar with US Midterms in Focus

The dollar is higher against major pairs on Friday after the release of the October U.S. non farm payrolls (NFP) report showed a massive 250,000 jobs gain and the fastest wage growth pace since 2009. US fundamentals have been solid and boosted the US dollar higher despite...

READ MORE

USD/JPY struggles to build on positive move beyond 113.00 handle, NFP in focus

The USD/JPY pair struggled to build on its intraday positive move and quickly retreated over 25-pips from session high level of 113.10. The pair stalled this week's retracement slide from over...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (02.11.2018)

EUR/USD: Neutral (since 21 Aug 18, 1.1485): Negative phase has ended; immediate bias is for EUR to probe the top of the expected 1.1330/1.1490 consolidation range.GBP/USD: Neutral (since 21 Aug 18, spot at 1.2795): Rebound in GBP has room to extend higher to 1.3100...

READ MORE

Gold stages a solid rebound from 3-week lows amid notable USD supply

Gold staged a solid rebound on Thursday and reversed the previous session’s entire downfall to three-week lows. The commodity stalled its recent corrective slide from over...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 01.11.2018

EUR/USD: Neutral: EUR is still weak, but prospect for a sustained break below the year-to-date low of 1.1297 is not that high; GBP/USD: Neutral -Negative phase has ended, GBP has moved into a correction phase...

READ MORE

Breaking News: GBP/USD jumps as Raab says a Brexit deal is expected by November 21

UK Brexit Secretary Dominic Raab says a Brexit deal is due by November 21st. The GBP/USD is reacting positively and it jumped above 1.2800. The high so far was 1.2830.

READ MORE

EUR/USD – Euro yawns as Eurozone CPI, GDP meet forecasts

EUR/USD has ticked lower on Wednesday, after posting losses in the past two sessions. Currently, the pair is trading at 1.1334, down 0.10% on the day. On the release front, German retail sales posted a gain of 0.1%, missing the...

READ MORE

ECB’s Visco: Widening of Italy-German yield spread reflects the risk of default

Bank of Italy Governor and ECB governing council member Ignazio Visco was out on the wires in the last hour, commenting on Italy's debt situation and said: Italy cannot narrow the growth gap with EU with higher spending...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY( 31.10.2018)

EUR/USD: Neutral (since 21 Aug 18, 1.1485): EUR is still weak, but prospect for a sustained break below the year-to-date low of 1.1297 is not that high. GBP/USD: Neutral (since 21 Aug 18, spot at 1.2795): More than even odds for a break of 1.2662 year’s low...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY (30.10.2018)

EUR/USD: Neutral (since 21 Aug 18, 1.1485): EUR is still weak, but prospect for a sustained break below the year-to-date low of 1.1297 is not that high. GBP/USD: Neutral (since 21 Aug 18, spot at 1.2795): GBP is searching and possibly close to making a short-term bottom...

READ MORE

EUR/USD still looks to a visit of 1.1315/01 – Commerzbank

EUR/USD remains directly offered below the 20 day ma at 1.1482. There is scope for a retest of the 1.1315 200 week ma and 1.1301 recent low. This is expected to hold the down side.

READ MORE

Forex Today: Trump offers reprieve to Asia, focus shifts to Eurozone GDP, German CPI

Forex Today saw a major turnaround in tandem with the risk sentiment, as the US President Trump’s optimistic comments offered a fresh breath of life in the Asian markets. The Asian equities staged a comeback, led by China stocks and lift the demand for...

READ MORE

Forex Today: Cautious start to a Big week ahead, eyes on UK Annual Budget report

Forex Today witnessed two-way business in Asia on the first trading day of the week, with the risks sentiment driving the market sentiment amid a sell-off in the Chinese stocks, as China slowdown fears begin to bite again. Amidst risk-aversion, the US dollar traded well bid across the...

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 29.10.2018

EUR/USD: Neutral (since 21 Aug 18, 1.1485): EUR is still weak, but prospect for a sustained break below the year-to-date low of 1.1297 is not that high. GBP/USD: Neutral (since 21 Aug 18, spot at 1.2795): GBP is searching and possibly close to making a short-term bottom...

READ MORE

Dollar Pays Heavy Price for Equity Sell Off

The US dollar was lower against most major pairs on Friday. The greenback dropped as investors flocked to safe havens away from the US currency. Trade war concerns and its impact on US companies have triggered a massive sell off in equities. The US dollar is on the back foot despite...

READ MORE

USD/CAD Technical Analysis: Big bears offering Friday surprise as the market is reversing down sharply to 1.3050 level

USD/CAD is trading in a bull trend above the 200-period simple moving average. USD/CAD found strong resistance at the 1.3150 resistance as the market is reversing sharply.

READ MORE

Gold Technical Analysis: Bulls keep the trend intact as the Yellow Metal is nearing $1,250.00/oz

Gold is trading in a bull trend above the 200-period simple moving average. Gold broke above 1,237.60 (July 3 swing low) as technical indicator suggest more upside. The next levels for bulls to reach are likely located near 1,250.00 figure and 1,265.90 July high.

READ MORE

Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -26.10.2018

EUR/USD: Neutral (since 21 Aug 18, 1.1485): EUR is still weak, but prospect for a sustained break below the year-to-date low of 1.1297 is not that high. We highlighted yesterday, there is “ample room for EUR to weaken further to 1.1350”. EUR staged a minor bounce after ECB’s...

READ MORE

Forex Today

Forex Today experienced re-emergence of the risk-off sentiment in Asia this Friday, as the Yuan’s weakness added to ongoing market woes and dragged the risk assets sharply lower. The Asian equities and the US indices futures stalled the bounce and resumed the recent...

READ MORE

EUR/JPY sticks to modest recovery gains, above 128.00 mark post-ECB

The EUR/JPY cross held on to its modest recovery gains, just above the 128.00 handle, and had a rather muted reaction to the latest ECB decision.The cross moved little after the ECB, at the October meeting, the reaffirmed to wind down its bond-purchase program by the end of this year and leave interest rates unchanged at least until next summer.

READ MORE

EUR/USD Technical Analysis: Set-up points to an extension of the bearish trend, ECB awaited

The pair has been trending lower along a short-term descending channel on the hourly chart and now seems to have stabilized near the 1.1400 handle, just above the trend channel support.Meanwhile, the fact that the pair remains well below important...

READ MORE

Gold turns lower, hits intraday low around $1230

Gold reversed an early uptick back closer to over three-month tops and drifted into negative territory during the early European session.The overnight slump in the US equity markets had a spill-over effect on the Asian equity markets and underpinned the precious metal's safe-haven status at the start of Thursday's trading session.

READ MORE

USD/JPY recovers a major part of early slide to over 1-week lows, retakes 112.00 mark and beyond

The USD/JPY pair has managed to recover a major part of its early decline to over one-week lows and was now seen building on the momentum further beyond the 112.00 handle.The pair extended this week's retracement slide from the vicinity of the 113.00 handle and kept losing ground for the third consecutive session. The spill-over effect of the overnight rout in the US equities to the Asian markets on Thursday was seen underpinning the Japanese Yen's safe-haven appeal and eventually weighing on the major.

READ MORE

GBP/USD Technical Analysis: Flirting with a descending trend-channel support, 6-week lows ahead of May's speech

The pair kept losing ground through the mid-European session and is currently placed near the lower end of a short-term descending trend-channel, held over the past one-week or so.The fact that the pair remains well below important intraday moving averages - 50, 100 & 200-hour SMA, points to an extension of the ongoing bearish trajectory.

READ MORE

GBP/JPY struggles near 6-week lows, just below mid-145.00s

The GBP/JPY cross remained under some heavy selling pressure for the third consecutive session on Wednesday and dropped to fresh six-week lows in the last hour.Market expectations that the UK PM Theresa May will not accept the rumored EU offer of a UK-wide customs union as a way around the Irish backstop issue prompted some fresh selling around the British Pound.

READ MORE

USD/CAD recovers to 1.3100 ahead of BOC rate hike

The USD/CAD pair caught a fresh bid-wave and embarked upon a steady recovery mode to regain the 1.31 handle before meeting fresh supply at the last, as the bulls await the BOC monetary policy decision for the next push higher.The latest leg higher in the spot can be attributed to resurgent US dollar demand, mainly driven by a sell-off in the EUR and the GBP, in the wake of the European political woes. Moreover, markets prefer to hold the safe-haven US dollar in times of softer risk sentiment.

READ MORE

AUD/USD surrenders early gains to levels beyond 0.7100 handle

The AUD/USD pair surrendered early modest gains to levels beyond the 0.7100 handle and is currently placed at the lower end of its daily trading range. The pair built on previous session's late rebound from 1-1/2 week lows, with a combination of positive factors helping gains traction for the second consecutive session on Wednesday.

READ MORE

USD/JPY Technical Analysis: Forming a bearish Head & Shoulders pattern on hourly chart

The pair struggled to build on overnight goodish rebound and was now seen retracing from an important horizontal resistance, near the 112.65 region.The pair now seems to be in the process of forming a bearish Head & Shoulders chart pattern on the 1-hourly chart, with neck-line support near the 111.95 region.

READ MORE

Gold: In a sideways consolidation phase, around $1230 level

Gold extended its sideways price action on Wednesday and remained confined in a narrow trading range below $1235 level.After yesterday's strong upsurge to over three-month tops, and a subsequent retracement, the precious metal now seems to have entered a consolidation phase and was seen oscillating in a narrow trading range amid a combination of diverging forces.

READ MORE

EUR/USD recovery halted ahead of 1.1490

After printing fresh daily tops in the boundaries of 1.1490, EUR/USD has now come under renewed selling pressure and is gyrating around the 1.1460 region.The pair clinched fresh session highs near 1.1490 in early trade following some selling pressure hitting the greenback along with declining US yields.

READ MORE

USD/CAD – Canadian dollar continues to drift, BoC expected to raise rates

The Canadian dollar is trading sideways on Tuesday. Currently, USD/CAD is trading at 1.3106, up 0.04% on the day. On the release front, there are no Canadian events. In the U.S, the Richmond Manufacturing Index is expected to drop to 25 points. On Wednesday, the Bank of Canada is expected to raise the benchmark rate to 1.75%.

READ MORE

US Dollar Index fades the spike to tops above 96.00

The US Dollar Index (DXY), which gauges the greenback vs. its main rivals, has faded another test of the 96.15/20 band and is now navigating the sub-96.00 area.

READ MORE

EUR/USD Technical Analysis: The pair remains capped by the lower 1.1600s

Spot remains under pressure and navigates the lower end of the recent range and close to October’s low at 1.1432.

READ MORE

Brexit: Negotiations continuing – Deutsche Bank

Analysts at Deutsche Bank point out that yesterday, the British Pound had its worst day in a month, dropping around -0.85% versus the dollar as Brexit negotiations continued and Prime Minister May faced down the conflicting flanks of her governing coalition.

READ MORE

GBP futures: neutral so far, further decline not ruled out

In light of CME Group’s preliminary data for GBP futures markets, investors added more than 5K contracts to their open interest positions at the beginning of the week vs. Friday’s final 216,471 contracts. On the other hand, volume dropped for the second session in a row by around 5.7K contracts.

READ MORE

GBP/USD flirting with lows, back closer to 1.30 handle

The GBP/USD pair extended its intraday retracement slide from 100-day SMA and has now erased all of Friday's goodish rebound from two-week lows. The pair's early European session uptick quickly ran out of steam ahead of the 1.3100 handle, with a combination of negative factors prompting some fresh selling at the start of a new trading week.

READ MORE

USD/JPY Technical Analysis: Ascending trend-channel support prospects for additional gains

The pair built on its steady intraday climb from 100-hour SMA support and touched a 1-1/2 week high in the last hour, inching back closer to the 113.00 handle. The pair has been trending higher alongside a bullish channel on the 1-hourly chart, with bulls now eyeing a sustained break through the channel resistance.

READ MORE

Banks, miners led the way higher for FTSE 100

London stocks firmed up on Monday, with banks on the move higher and miners getting a lift after China stocks had their best day in more than two years. Sterling weakness was also boosting stocks as investors watched for Brexit updates with Prime Minister Theresa May is due to make a statement to the House of Commons on Monday.

READ MORE

GBP/USD reverses course, hits lows near 1.3050 on Brexit anxiety

The bears fought back control in the European session, knocking-off the GBP/USD pair to fresh session lows below the 0.7050 level, as markets turn anxious amidst calls for a no-confidence motion to be tabled against the UK PM Theresa May.

READ MORE

FOREX WEEK AHEAD

The US dollar was mixed on Friday. Investor’s appetite for risk rose and safe haven currencies (JPY and CHF) fell while positive China and Brexit news saw the NZD, EUR, GBP and AUD advance against the USD. The Canadian dollar was dragged down in the last ...

READ MORE

Gold: bulls making a fresh attempt to build on momentum beyond 100-day EMA

Gold quickly reversed an early European session dip to $1223 area and is currently placed at the top end of its daily trading range, just above 100-day EMA. The US Dollar failed to build on/preserve early gains to fresh multi-week tops and was seen as one of the key factors underpinning the dollar-denominated commodity. This coupled with a fresh wave of global risk-aversion trade, as depicted by a weaker tone around equity markets boosted the precious metal's safe-haven appeal and remained supportive of the positive move.

READ MORE

EUR/GBP rebound seen as corrective only – Commerzbank

“EUR/GBP continues to recover off the .8723 Fibonacci retracement which guards the 8700/.8697 June low.

READ MORE

EUR/JPY Technical Analysis: The cross met support in the 128.30 region. Remains vulnerable

The soft tone around the European currency triggered a sharp leg lower in the cross, forcing it to drop as low as the 128.30 area, or multi-week lows, on Thursday.

READ MORE

USD/JPY clings to strong recovery gains, around mid-112.00s

A fresh leg of a selloff in the US equity markets on Thursday benefitted the Japanese Yen's safe-haven status and prompted some aggressive selling around the major. The global flight to safety, reinforced by a sudden drop in the US Treasury bond yields, was seen as one of the key factors behind the pair's sharp intraday retracement of nearly 90-pips from a one-week high level of 112.73.

READ MORE

EUR/USD Technical Analysis: Scope for a new visit to 2018 lows at 1.1299

EUR/USD continues to grind lower this week, accelerating the downside to the mid-1.1400s after break below the critical support at 1.1500 the figure.

READ MORE

GBP/USD struggles near 1-week lows, around 1.3100 handle

The GBP/USD pair struggled to build on its intraday recovery move from over one-week lows and is currently placed in neutral territory, just above the 1.3100 handle. The pair, for the second time this week, showed some resilience below ...

READ MORE

Yuan loses ground after U.S. stops short of calling China a currency manipulator

Major currencies were once again trading in tight ranges ahead of U.S. economic data, as investors digested the Treasury’s report on foreign exchange practices and Wednesday’s Federal Reserve meeting minutes. The Treasury refrained from labeling China a currency manipulator...

READ MORE

EUR/USD recovers ground and tests 1.1530

After bottoming out in the 1.1480 region during early trade, EUR/USD met dip-buyers and regained the 1.1500 barrier and beyond. Fresh USD-sellers appeared around the 95.80 region earlier in the day and prompted the current rebound in spot to the...

READ MORE

US Dollar Index drops to lows near 95.50

US Dollar Index looks to data. The upside momentum in the index gathered extra oxygen as of late after the FOMC minutes signaled on Wednesday that further tightening remains well on the cards by the Federal Reserve. In addition, the minutes discarded

READ MORE

EUR/USD Technical Analysis: The pair looks negative and could re-visit 1.1299

Spot is coming under further selling pressure so far this week, breaking below the key support at 1.1500 the figure and opening the door for a potential text of 2018 lows at 1.1299.

READ MORE

USD/JPY Technical Analysis: Greenback bulls looking for a breakout above 112.55 resistance

USD/JPY is consolidating after the recent 280-pip drop. USD/JPY bulls will need to overcome the 200-period simple moving average or else a small pullback towards 112.00 can be on the cards. The RSI and MACD

READ MORE

EUR/JPY Technical Analysis: Bullish attempts should face initial hurdle at the 200-day SMA at 130.75

EUR/JPY continues to trade in an erratic fashion so far this week, finding support in the 129.00 neighbourhood and with gains capped around the 200-day SMA, today at 130.75. A surpass of the 200-day SMA should open the door for a potential visit to the 21-day SMA just above 131.00 the figure.

READ MORE

GBP/USD still points to further consolidation – UOB

Cable is likely to prolong the current consolidative theme in the next weeks, noted FX Strategists at UOB Group.

READ MORE

Gold spikes to fresh session tops, bulls eyeing a sustained move beyond 100-DMA

Gold reversed an early dip to the $1220 area and is currently placed at the top end of its daily trading range, just above $1225 level. The US Dollar failed to build on/preserve early modest gains to the 95.00 neighborhood and was seen as one of the key factors underpinning the dollar-denominated commodity.

READ MORE

GBP/USD keeps focused on 1.3298 – Commerzbank

Cable continues to look to September’s peak near 1.3300 for the time being.

READ MORE
Load More

OH SH*T CALENDAR

UPCOMING FOREX NEWS EVENTS
  • LOADING...

  • DATE

    CURRENCY

    EVENT

    IMPACT

  • Loading events...