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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.

Markets Rise After Strong US Jobs Growth with Fed Talking Down Rate Hikes

The US dollar had a tough first week of 2019. The greenback is lower against most major pairs as market optimism of two rate hikes from the U.S. Federal Reserve have virtually evaporated. Mixed economic indicators and a neutral to dovish Fed Chair Powell put...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY-03.01.2019

We highlighted yesterday EUR “may struggle to maintain a toehold above 1.1500” but the sharp and rapid drop from a high of 1.1497 came as a surprise. The sudden turnaround has shifted the pressure quickly to the downside...

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USD/JPY recovers large part of daily drop on improved sentiment, trades near 109.50

The USD/JPY pair dipped below the 109 mark for the first time in more than 7 months on Wednesday during the European trading hours but was able to retrace the majority of this drop in the second half of the day supported by improved ...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 02.01.2019

While EUR traded within a relatively narrow 179 pips since late November (between 1.1266 and 1.1485), it closed on a firm note the past couple of trading days. We expect further up-move in the coming weeks even though lackluster upward momentum suggests EUR could struggle to ...

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FX Today: Markets thin as the new year rolls around

In forex today, markets have ground to a near-halt heading into the New Year's shutdown to round out the holidays, and although the latter half of this week could see an influx of fresh volumes into the broader markets, the fx marketspace remains tepid as investors take a...

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Dollar might face hard times in 2019

Dollar bulls have wined and dined like kings and queens in 2018. The greenback appreciated the most against the emerging market currencies. The earlier part of the year saw the focus on rising US interest rates and political stories lead the way...

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Oil remains bid after inventories post small decline

Oil prices climbed higher after the weekly DOE crude inventories fell by 46,000 barrels last week, the market consensus was for a decline of 2.5 million barrels. The reason oil prices edged ...

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EUR/USD eases from weekly tops, still well bid around mid-1.1400s ahead of German CPI

The EUR/USD pair trimmed a part of its early gains to fresh weekly tops but has managed to hold with modest daily gains, around the 1.1450 region...

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Dollar slides versus haven currencies as equities renew selling

The U.S. dollar weakened on Thursday, nearly erasing its Boxing Day gains, while haven currencies strengthened, amid a fresh retrenchment in risk appetite, a day after stock markets staged a historic burst higher...

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Fed projections are the problem

These projections were introduced by the previous Chair Yellen to give the market a sense of certainty that policy would stay accommodative for a long time. They were intended to send a message to encourage animal spirits in the economy...

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Japan’s Nikkei tumbles into a bear market after Wall Street’s latest slide

Japanese stocks plunged Tuesday and other Asian markets declined following heavy Wall Street losses triggered by President Donald Trump’s attack on the U.S. central bank...

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Forex Today: Risk sentiment sees markets drifting mildly higher in the pre-Christmas wind-down

In forex today, risk-based pairs drifted quietly higher, though overall markets remain tepid with pre-holiday volumes keeping action constrained near familiar levels...

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Volatility and Risk Aversion Continue to Dominate December

What a week for bears and volatility! The highly anticipated Fed event delivered volatility that brought down all the major indexes to their knees. The Fed raised rates, reduced their ...

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Cloudy Skies Remain For AUD/USD Into The Fed

Indications from the Fed that their rate hike cycle is complete after tomorrow, progress on U.S.-Sino trade relations and improved sentiment regarding global growth could all help ease downward pressure on AUD/USD...

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Gold retreats after being unable to break above $1250

Gold is trading at $1,247/oz, practically flat for the day. Hours ago reached the highest level in a week at $1,250.20. The area around the critical $1,250 level capped the...

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EUR/USD May Struggle To Rally On Any Fed Dovishness

EUR/USD will struggle to gain from a kinder gentler FOMC, even though the big downside surprise in today's NY Fed manufacturing bolstered the view that the U.S. central bank will temper its hawkish stance after this week's meeting...

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EUR/USD extends the bounce towards 1.1350

The EUR/USD pair is on a steady rise above the 1.13 handle so far this Monday, with the bulls having gathered strength in Europe, as the US dollar correction across the board regains momentum...

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Dollar Higher Ahead of Crucial Fed Meeting

Safe-haven currencies soared on Friday as disappointing data from China and Europe heightened concerns over global growth. The greenback finished the week stronger against its major trading partners as...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - 14.12.2018

EUR recovered and the bottom of our expected 1.1300/1.1440 consolidation range at 1.1300 remains unchallenged (low of 1.1311). Despite the recovery, the underlying tone remains soft and we continue to see chance for EUR to dip below 1.1300. However, as ...

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Currencies struggle for direction despite Draghi and Trump comments

Major currencies traded in a tight range on Thursday, struggling for drivers. The euro slipped earlier in the session, after European Central Bank President Mario Draghi sounded more downbeat than expected in the central bank’s last news conference of the year....

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY -13.12.2018

EUR recovered and the bottom of our expected 1.1300/1.1440 consolidation range at 1.1300 remains unchallenged (low of 1.1311). Despite the recovery, the underlying tone remains soft and we continue to see chance for EUR to...

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ECB will say goodbye to quantitative easing, but when will it hike rates?

The European Central Bank is fully expected on Thursday to affirm its plan to end its bond-buying program at year-end. But investors expect less clarity when it comes to signaling when Mario Draghi and fellow policy makers will move to ...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 12.12.2018

There is not much to add to yesterday’s (11 Dec, spot at 1.2565) update. As highlighted, downward momentum has picked up strongly and GBP is still clearly under pressure. That said, the rapid decline over the past several days appears to be ...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY-11.12.2018

EUR edged above the top of our expected 1.1300/1.1440 consolidation range yesterday but dropped sharply after touching 1.1443. The price action reinforces our current view wherein EUR is “caught in a consolidation range for now”...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 10.12.2018

There is not much to add as EUR closed little changed in NY last Friday (1.1376, +0.01%). While the underlying tone has strengthened somewhat, we continue to hold the view that EUR is “caught in a consolidation range for now” and is likely to trade sideways...

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Forex Today: Risk-off extends into Asia, UK monthly GDP – key focus

Forex Today in the Asian trading session witnessed good two-way businesses while the US dollar extended its move lower amid growing concerns over the US economic outlook, in light of Friday’s downbeat US NFP report.

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Gold retreats from 5-week tops amid a modest USD rebound

Gold extended its steady decline through the early European trading session and eroded a major part of the previous session's strong up-move to five-week tops. The US Dollar built on its modest rebound and turned out to be one of the...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 04.12.2018

EUR/USD: EUR is caught in a consolidation range for now; GBP/USD: Neutral: GBP could move below the year-to-date low of 1.2662. NZD/USD: Shift from neutral to BULLISH*: Target a move to 0.7000...

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Breaking: GBP/USD jumps on ECJ opinion that the UK can revoke Article 50 unilaterally

The General Advocate for the European Court of Justice published an opinion in which he said that the UK could unilaterally revoke Article 50. While this is not a binding ruling, these opinions turn into decisions more often than not...

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GBP/USD fails to preserve gains, calms down below mid-1.27s

Although the GBP/USD pair took advantage of the broad-based USD weakness and rose above the 1.28 handle on Monday, it failed to extend its rally in the second half of the day and erased its daily upside. As of writing, the pair was...

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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY- 03.12.2018

EUR/USD: Neutral: EUR is caught in a consolidation range for now; GBP/USD: Neutral: GBP could move below the year-to-date low of 1.266; AUD/USD: Neutral: AUD is expected to move higher to 0.7410...

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Dollar Looking for Economic Guidance Ahead of Busy Week

The US dollar is higher against most major pairs on Friday ahead of the G20 meeting. The greenback fell across the board on Wednesday after the market took the comments from Fed Chair Powell on interest rates to mean less rate hikes from the...

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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...

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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...

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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...

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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 ...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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.

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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...

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ECB Minutes to reveal little detail about future policy

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

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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...

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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...

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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...

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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...

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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...

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

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

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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...

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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...

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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...

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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:

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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 ...

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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...

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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...

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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 ...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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.

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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...

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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...

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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...

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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...

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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.

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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...

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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...

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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...

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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...

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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.

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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.

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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...

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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...

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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.

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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...

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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.

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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.

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