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.

FED USDCAD

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 [...]
EURUSD: Can 1.1270 Hold the Pressure?

EURUSD: Can 1.1270 Hold the Pressure?

Euro consolidates today to two day low after yesterday broke the 1.13 and the 200 hour moving average at 1.1285 as geopolitical tensions increase after USA accuses Iran for the two attacks in oil tankers at the Gulf of Oman. Fed funds futures are currently pricing in three rate cuts [...]
AUDUSD Testing the 0.69 Support

AUDUSD Testing the 0.69 Support

The Aussie dollar trades lower for one more day during the Asian trading at 0.6911, after the Australian jobless rate inched higher in May and bolstered July RBA rate cut hopes. President Donald Trump threatened to impose another round of tariffs on Chinese goods if he does not reach a [...]
GBPUSD Extends the Range High

GBPUSD Extends the Range High

Pound rise to a new weekly high today after USA CPI data, yesterday the latest UK employment report showed that headline wages ticked up to 3.1% for the three months to April, while the ex-bonus measure - at 3.4% 3m/y, was also stronger than analyst’s estimates. The UK economy contracted [...]
CPI chart

Forex Update before U.S. CPI

Fx markets are trading sideways during European session as traders await the CPI figures from the other side of the Atlantic. Euro, USD and GBP are flat for the day while AUDUSD is trading 0.17 percent lower at 0.6950. The yen is trading 0.16 percent higher against USD at 108.35. [...]
USDCHF: Higher for Third Day

USDCHF: Higher for Third Day

USDCHF continues its trip north for third consecutive session reaching 0.9930 rebounding from the lows at 0.9850. The move today cancels the bearish outlook for the pair which sketched after traders convinced that the Fed will eventually move to more interest rates cuts by the end of 2019. Global trade [...]
USDJPY at Weekly Lows, U.S. Consumer Price Index in Focus

USDJPY at Weekly Lows, U.S. Consumer Price Index in Focus

USDJPY is under selling pressure today after news that President Trump was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five "major points" that Trump did not specify. The USD price dynamics will continue to drive the [...]
USDCAD Trades Higher but Mood is still Bearish

USDCAD Trades Higher, Mood still Bearish

USDCAD started the daily higher adding 20 pips to 1.3283 as the recent retreat in crude oil prices Canada’s main export item seems to have added further weakness in the Canadian Dollar (CAD). The loonie boosted previous week by increased speculation about interest rates cut from FED. Meanwhile President Trump [...]