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.

USDJPY Rebound ahead of NFP

USDJPY Rebound ahead of NFP

USDJPY started the European trading session on strong foot today, after the pair earlier this week hit multi month low below 108. As of writing the pair is trading at 108.50 very close to daily high as traders sentiment has improved. We are waiting the non-farm payrolls data from U.S. [...]
GBPUSD: Neutral Intraday Bias

GBPUSD: Neutral Intraday Bias

The pair is trading positive at the daily high around 1.2720 as the selling pressure in USD persists. Disappointing U.S. macro data released yesterday showed that the US trade deficit narrowed to $50.8 in April but was slightly higher than $50.7 expected, and the initial weekly jobless claims remained unchanged [...]
EURUSD: More Upside Looks Possible

EURUSD: More Upside Looks Possible

EURUSD started the day lower today trading at 1.1260 after it failed yesterday to hold the 1.13 that breached after the ECB decision and comments from Mario Draghi. The ECB's governing council extended the forward guidance by another six months, meaning that rate hikes were no longer seen rising until [...]
AUDUSD: Bears are in Control

AUDUSD: Bears are in Control

Negative tone prevails for the AUDUSD pair during the forex trading session. Aussie fundamental data continue to disappoint investors. The Australia’s construction activity has seen its sharpest fall over six years in May. The total value of home loans fell in April by 1% with the result weighed by a [...]
USDCHF Continues South Testing the Daily Low

USDCHF Continues South Testing the Daily Low

USDCHF is under heavy selling pressure after the pair breached the 50 hour moving average at 99.27 and now is trading close to daily low at 0.9886. The pair hit the daily low at 0.9879 and the high at 0.9960. The move today enhances the bearish outlook for the pair as traders convinced that the Fed will eventually move to cut interest rates by the end of 2019, coupled with the post-ECB spike in euro and weaker US economic figures. In its latest quarterly report, FED announced that the household debt in the U.S. rose at an annual rate of 2.3% to $15.7 trillion in the first quarter of 2019 following the 2.8% growth recorded in the last quarter of 2018.

GBPUSD Trapped around 1.27 zone

GBPUSD Trapped around 1.27 zone

The pair is trading positive close to weekly high as the selling pressure in USD intensifies after Mario Draghi’s comments. Disappointing macro data released earlier showed that the US trade deficit narrowed to $50.8 in April but was slightly higher than $50.7 expected, and the initial weekly jobless claims remained [...]
EURUSD: All eyes in ECB

EURUSD: All eyes in ECB

Traders will be closely watching news from the ECB today and the comments from Chairman Mario Draghi during the press conference for clues about the central bank next move. The Eurozone economy expanded by 0.4% on quarter in the three months to March of 2019, matching the previous readout and [...]
USDJPY Retreats as Yen Gains Momentum

USDJPY Retreats as Yen Gains Momentum

Yen started the European trading session on strong foot today, after the pair yesterday hit the weekly high at 108.50. As of writing the pair is trading at 108.14 very close to daily low as traders fishing for safe heaven assets. We are waiting for comments from The Bank of [...]
USDCAD Rebounds Above 1.34

USDCAD Rebounds Above 1.34

The pair rebounds today breaking above the 1.34 level and trading as of writing at 1.3416 amid USD strength across the board and as the retreat in crude oil prices, (to multi month lows) Canada’s main export item, seems to have added further weakness in the Canadian Dollar (CAD). The [...]
AUDUSD Rejected at 0.70

AUDUSD Rejected at 0.70

Negative tone prevails for the AUDUSD pair during US session. The Aussie had capitalized USD weakness the last three trading days with a move which started from 0.69 and finished above 0.70. Today the pair failed to hold the 0.70 mark and retreated to 0.6967 breaching the 50 hour moving […]