Forex

Read our latest Forex news and analysis articles written by our experienced traders and FX strategists. We cover all major FX pairs such as EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, and USDCAD, but also minor FX pair such as GBPJPY, and AUDNZD. We also provide updates on exotic pairs such as USDZAR, USDTRY, and USDMXN. Expect us to cover hot and fast-moving markets, but also providing analysis on pairs ahead of significant economic or political events.

We aim to provide instant and relevant Forex analysis and news using the latest macroeconomic news and appropriate technical analysis to support Forex traders in making better-informed decisions.

USDBRL Lower On Reported President Bolsonaro Coronavirus Diagnosis

The USDBRL pair did a quick whipsaw after unconfirmed reports that Jair Bolsonaro, the President of Brazil, may have tested positive for the coronavirus late Monday evening. Several Brazilian news outlets, including a CNN affiliate, are reporting this after Bolsonaro was said to have developed symptoms that closely mimic that […]

Forex Focus on NFP

DXY: Here’s why the US dollar index is soaring today

The US dollar index (DXY) rose by more than 40 basis points after sliding sharply yesterday. This gain is mostly because of risk aversion as the number of coronavirus cases continue to rise in key countries. The US dollar has gained against all currencies in the index, including the Japanese yen, euro, and sterling.

Continue reading with a free membership account. It takes seconds to create.

[nextend_social_login style="icon"] Register


GBPUSD

GBPUSD forms bullish pennant as risk aversion continues

The GBPUSD pair is ticking lower today as traders reflect on the happenings in the global market. The pair is trading at 1.2470, which is lower than its highest point at 1.2517. Meanwhile, the US dollar index is up by 0.40% while the pound index is unchanged. Therefore, the reason […]