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

USDJPY At Daily High As Sentiment Improves

USDJPY trades higher for the fifth day in a row as the risk-on sentiment returns to markets. The Feds intervention yesterday to buy unlimited amounts of Treasury bonds and mortgage-backed securities helped ease concerns over tightening USD liquidity. The pair jumped to daily high after the Manufacturing PMI came in [...]
NZDUSD

NZDUSD Rebound Capped at 0.5961

NZDUSD trades sharply higher as the Fed open-ended quantitative easing program announced yesterday boosted investors sentiment. The New Zealand Reserve Bank announced on Monday the establishment of a temporary USD swap line with U.S. Federal Reserve to support the provision of USD liquidity up to $30 billion. RBNZ also said...

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USDNOK

USDNOK Retreats from Record Highs on Crude Oil Price Recovery

The Norwegian Krone is staging a recovery as the USDNOK retreats off record highs, buoyed by strengthening oil prices over the last three days. Brent crude oil was able to push off 17-year lows after the Hubei provincial government announced it would ease the coronavirus lockdown, gaining 10% in the previous [...]
AUDUSD

AUDUSD Sharply Higher On USD Weakness

AUDUSD trades higher for the third consecutive session as the rebound from 2003 lows is still intact boosted form the QE announced yesterday by Fed. The Australian dollar was under selling pressure since the coronavirus outbreak as investors dump Aussie dollar due to the extensive trade relationship with China....

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GBPUSD

GBPUSD Surges On Better UK Manufacturing PMI Data

The GBPUSD pair rose by more than 100 basis points as traders on broad US dollar selloff. The US dollar index, which measures the value of the dollar against a basket of currencies declined by more than 1%. This is after the Federal Reserve announced a new round of monetary [...]
ZAR

Pound to Rand Pair Jumps As South Africa Covid-19 Lockdown Starts

The pound to rand (GBP/ZAR) pair rose yesterday after Cyril Ramaphosa launched a three-week Coronavirus lockdown. The currency pair has risen by almost 2% after the president made the announcement....

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EURUSD

Euro Zone Services PMIs Disappoint While Manufacturing PMIs Impress; EURUSD Unchanged

EURUSD is unchanged after euro zone PMI reports came in mixed earlier in today’s European session. As of this trading, the currency pair is hovering around its Asian session highs at 1.0825....

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USDJPY

USDJPY Forms Triple Top and Bearish Flag. Time to Sell?

USDJPY is under selling pressure in today’s trading as dollar weakness continues to linger. The currency pair is down by 0.80% or 90 pips at 110.33 after the Fed committed to buying unlimited amounts of government bonds yesterday. Consequently, technicals on USDJPY suggest a massive sell-off could be ahead....

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