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 – Two Patterns Signal More Upside Potential

The USD/CAD pair is one of the hardest-hit pairs this 2021. The move higher in the crude oil price triggered a strong CAD reaction, and the USDCAD dropped several big figures. Now that the price of oil is consolidating and the USD shows some signs of strength, the USD/CAD struggles […]

GBPUSD

GBP/USD Forecast: UK Services PMI and Budget in Spotlight

The GBP/USD is wavering ahead of the UK services PMI numbers and annual budget reading. The GBP to USD pair is trading at 1.3953, where it has been in the past few hours.  GBP/USD news: The biggest focus among sterling traders will be the UK budget by Rishi Sunak. In […]

eurusd

EUR/USD Forms Bullish Flag Ahead of EU Services PMI Data

The EUR/USD price is little changed today ahead of the important ADP jobs and services PMI numbers. The EURUSD is trading at 1.2086, which is a few pips below yesterday’s high of 1.2095. What happened: The EUR to USD price has been reacting to the performance in the US Treasuries […]

ASX 200

AUD/USD Targets 0.7900 After Strong Australia GDP Data

The AUD/USD price has formed a bullish consolidation pattern after the relatively strong Australian economic numbers. The AUDUSD is trading at 0.7820, which is significantly higher than the lowest point yesterday. What happened: Earlier today, the Australian Bureau of Statistics (ABS) and Markit published the latest GDP and services PMI […]

AUDUSD

Australian GDP Preview: AUD/USD Faces Uphill Climb to 0.7800

Australia’s GDP for the 4th quarter of 2020 is scheduled for release in a few hours. The market expectation is for the Australian economy to have grown 2.3% (quarter-on-quarter), reflecting a bit of recovery from the 2nd wave of the coronavirus pandemic. However, the previous quarter showed a 3.3% expansion. […]

EUR/JPY: Bearish to 125 As the ECB Prepares to Ease More

The EUR/JPY cross pair looks bearish here, both from a technical and fundamental perspective. On the one hand, the technical picture reveals a downward channel and a head and shoulders pattern. On the other hand, the fundamental picture tells us that the ECB will increase the asset purchases under the […]

EUR/USD

EU Inflation Preview: Implications for the EUR/USD

The EUR/USD is under intense pressure ahead of the important EU CPI and German unemployment rate data. The EURUSD price has dropped to 1.2020, which is the lowest it has been since February 8.  What happened: There will be no major economic releases from the United States today. Instead, investors […]

USDJPY yen

USD/JPY Rising Wedge Pattern Points to a Drop to 106.22

The USD/JPY price rally is accelerating as the dollar strength remains. The pair rose to an intraday high of 106.92, the highest it has been since August 28. The USDJPY has risen by more than 4% from its lowest level on January 6.  What happened: The Japanese yen declined against […]