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.

Draghi: Dovish Comments Sends EURUSD below 1.12

Draghi: Dovish Comments Sends EURUSD below 1.12

In a speech in Sintra, Portugal the ECB head Mario Draghi left the doors open to more interest rate cuts. The comments send the EURUSD lower below the 1.12 mark to two week low. Eurozone economic data was a big disappointment in 2Q 2019 and now ECB fears that with [...]
USDCAD Holds the 1.34 Mark, Looking for a Break Higher

USDCAD Holds the 1.34 Mark, Looking for a Break Higher

USDCAD trades lower today at 1.3406 as loonie traders are cautious ahead of the important FOMC policy meeting.  Canada has fallen out of the top 10 of the world’s most competitive economies, a sign that Canadians may have a harder time succeeding financially in the coming years. This year edition [...]
What will Drive FX Markets Today

What will Drive FX Markets Today

EURUSD traders await today the German ZEW survey for June, as well as Eurozone’s final CPIs for May and trade balance for April. Analysts expect the current conditions and economic sentiment ZEW indices to have decline, while Eurozone’s final CPIs for May are expected to confirm their preliminary estimates. With [...]
EURUSD Tests the Resistance at 1.1245

EURUSD Tests the Resistance at 1.1245

Euro after a quiet session trading in just 10 pips trading range managed to break higher at 1.1240 amid geopolitical tensions, after USA accuses Iran for the two attacks in oil tankers at the Gulf of Oman. Traders are awaiting the FED policy meeting while global markets closely monitoring the [...]
Pound Consolidates Below 1.26

Pound Consolidates Below 1.26

GBPUSD trades at 1.2585 in narrow trading range as traders and investors focus is on Wednesday’s FOMC policy meeting and policy announcement from the Bank of England. I expect volatility around FOMC to be substantially higher than the most recent FOMC meetings. Wilbur Ross disappointed investors that we might get [...]
AUDUSD Trades Flat at Four Week Lows

AUDUSD Trades Flat at Four Week Lows

The Aussie dollar trades flat during the Asian trading session at 0.6872, ahead of Wednesday’s FOMC policy update. USD got a lift on Friday after better retail sales and industrial production. On the other hand AUD failed to capitalize on better Chiana macro figures and stronger commodities prices. Economist’s boosted [...]
NZDUSD: Bears Target 0.6480

NZDUSD: Bears Target 0.6480

NZDUSD started on positive foot the week trading at 0.6510 at the daily high. The previous week the pair retreated from two month high at 0.6675. The US Dollar took advantage of improving risk sentiment and above estimates JOLTS jobs openings. Markets increased bets for an 85% chance of a [...]
FED

What will Drive FX Markets this Week

Investors focus will be this week on the FOMC meeting Wednesday. The US central bank is expected to keep rates unchanged at 2.5% this week. Monday the NY Empire State manufacturing index and NAHB housing market index will attract traders interest. The ECB annual conference in Sintra takes place from […]

USDCAD Back Above 1.34

USDCAD Back Above 1.34

USDCAD trades higher at weekly top amid broad USD strength after macro data released earlier today showed that retail sales rose 0.5% in May and April’s data was revised higher. Core sales also gained 0.5% MoM and Retail Sales Control expanded more than expected 0.5% inter-month. Industrial Production expanded 0.4% [...]
US Dollar Index at Fresh Week High

US Dollar Index at Fresh Week High

The US Dollar index ending the week just at the highs adding 0.42 percent to 97.45 boosted by robust U.S. economic data. Data released earlier today showed that retail sales rose 0.5% in May and April’s data was revised higher. Core sales also gained 0.5% MoM and Retail Sales Control [...]