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 Still on Bid On Upbeat US Durable Goods Orders Data

The USDJPY continues to hold on to gains posted this week after the US Durable Goods Orders for February 2020 showed a better-than-expected increase of 1.2%, as opposed to the 0.1% slump that the markets were expecting. It was also a better reading than last month’s 0.2% drop. ...

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USDCAD

Durable Goods Orders Beat Estimates, USDCAD At Daily Lows

USDCAD continues lower for the second day in a row despite the fact that the US Durable Goods Orders increased unexpectedly in February. Durable Goods Orders increased by 1.2%, or $2.9 billion, to $249.4 billion, in February. The figure beat the market expectations of 0.8% while January's figure revised up [...]

Pound To Rand Exchange Rate Points to 21.00 as SA Coronavirus Cases Jump

The pound to rand pair rose today as traders reacted to a spike in Coronavirus cases in South Africa. According to the health minister, the number of cases jumped to 709 overnight. This was a significant increase since the country had 554 confirmed cases on Monday....

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USDMXN

USDMXN Turns Lower Following Meteoric Rise of 38% from 2020 Lows

USDMXN is finally paring some of its gains after its meteoric rise. In February, the currency pair had been trading around 18.4970. Within 16 days, it traded to its record highs at 25.4459. This translates to a 38% appreciation. What caused the Mexican peso to devalue by this much? USDMXN,...

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eurusd

EURUSD Shrugs Washington Stimulus Deal; Eyes Durable Goods Orders

The EURUSD pair was little changed after congressional Republicans and Democrats agreed to a bipartisan $2 trillion stimulus package. The deal was announced by Republican leader, Mitch McConnell and his Democratic counterpart, Chuck Schumer....

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AUDUSD

AUDUSD Breaks Above 0.60 As RBA Injects Liquidity

AUDUSD Breaks Above 0.60 As RBA Injects Liquidity  AUDUSD trades higher for the fourth consecutive trading session as the rebound from 13-year lows accelerates boosted from the QE announced by Fed and the White House reach an agreement for a $2 trillion stimulus package. Reserve Bank of Australia announced that...

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Nikkei

Market Brief: Nikkei 225, Asian Stocks Post Solid Gains on US Fiscal Package; Time to Buy USDJPY?

The Nikkei 225 closed higher for the third consecutive day. By the end of today’s Asian session, Japan’s stock index was up by 8.04% or 1,454.00 points at 19,546.56. The Shanghai Composite Index was also in the green by 2.13% or 57.867 points at 2,780.338. As for the Hang Seng...

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GBPUSD

GBPUSD Up After UK CPI Data, Forms Double Bottom Hinting More Upside Potential

GBPUSD is trading slightly higher today following the UK CPI data for February. As of this writing, the currency pair is up by 0.67% or 78.3 points at 1.1838. GBPUSD, 15-minute chart Read our Best Trading Ideas for 2020. According to the Office for National Statistics, the headline CPI figure...

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NZDUSD

NZDUSD Trades Higher Following the RBNZ’s QE Proposal and Upbeat Trade Data

While the news of the recent QE was bearish for the dollar, the Kiwi seemed to benefit from news of the RBNZ’s asset purchase program. NZDUSD is trading higher today after the central bank proposed to buy 250 million-worth of government bonds. As of this writing, the currency pair is...

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