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.

USDCAD

USD/CAD Forecast Ahead of the Canadian Inflation Data

USD/CAD remains range-bound ahead of the Canadian inflation data. Over the past week, crude oil price’s sideways trading has supported the currency pair. WTI futures have been trading within a tight range of between $71.00 and $72.50 for a week. Besides, concerns surrounding the aggressively spreading Delta coronavirus variant have […]

eurusd

EUR/USD: Key Levels Ahead of Germany’s Business Climate Data

EUR/USD remains range-bound ahead of Germany’s business climate figures. Last week, the dovish stance by the European Central Bank (ECB) pushed the currency pair from the week’s high of 1.1830. In today’s event, analysts expect the Ifo business climate index to come in at 102.1 compared to June’s 101.8. Germany […]

GBPUSD

GBP/USD: Key Levels to Watch Ahead of UK Retail Sales Data

GBP/USD is trading sideways as investors shift their focus to the UK retail sales data. Analysts expect June’s retail sales to have risen by 0.4% MoM after declining by 1.4% in the previous month. With the exclusion of the volatile food and energy components, the forecasted core retail sales figure […]

EUR/GBP Trades Lower After ECB’s Dovish Statement

The EUR/GBP pair headed lower for a second day after the European Central Bank (ECB) kept rates unchanged and re-emphasized its dovish message of leaving the PEPP intact until “the coronavirus crisis phase is over”. With the delta variant of the coronavirus cropping up in several countries, traders would be […]

ECB Preview Mario Draghi

EUR/USD: 1.1700 as a Viable Target with ECB Policy Meeting in Focus

EUR/USD is trading sideways as investors focus on the ECB monetary policy statement. The event, which is scheduled for Thursday’s session, comes two weeks after the central bank’s strategy review. The bank hiked its inflation target from ‘below but close to 2%’ to the more definite 2%. Subsequently, undershooting or […]

USD/ZAR Forecast Ahead of SARB Interest Rate Decision

USD/ZAR is trading lower after the higher-than-expected inflation data from South Africa. The country’s consumer prices rose by 4.9% in June on a year-on-year basis. While the figure is lower than the previous month’s 5.2%, it beat the estimates of 4.8%. With the exclusion of the volatile food and energy […]